No mistake with the price! The property which has had a fire is only a shell with wall studs and a block of land around 600m. A local builder would be able to complete the site for around $50,000 with new roof, new walls, new doors & windows, new kitchen & bathroom and new flooring. That’s total only $95,000-$100,000 for a new home with a potential rent return of $250 per week.