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A woman bought a $200 dilapidated house in Australia, renovated it over eight years, and sold it for $375,000 in 2025.
In 2017, Steph Herbert, then 22, bought a $200 dilapidated house in Trangie, Australia, from Narromine Shire Council, later purchasing land for $16,500 to relocate it after a year-long delay.
With family help and DIY labor, she spent $130,000 over eight years to renovate, moving in just weeks before her daughter’s birth despite unfinished kitchen and bathroom work.
The home sold for $375,000 in 2025, marking a major return on investment.
Herbert credits determination and resourcefulness, encouraging others to consider low-cost, fixer-upper homes as a path to homeownership, especially through platforms like Facebook Marketplace.
While not buying another $200 home immediately, she remains open to the idea and is now exploring farm life with her family.
Una mujer compró una casa en ruinas en Australia por 200 dólares, la renovó durante ocho años y la vendió en 2025 por 375.000 dólares.