Cheap Swan Reach container home tipped to sell fast

The housing affordability crisis is forcing more buyers to look outside traditional bricks-and-mortar offerings to achieve their dream of home ownership. A container home at Swan Reach, on the River Murray, is attracting stiff competition after it was listed this week with a price guide of only $225,000 to $245,000 – just half the median value for dwellings in regional South Australia. Selling agent Ali Burdett, of CE Property Group, said the low price had attracted six potential buyers to inquire about the property at 6 Connors Rd within the first 24 hours of listing. With the first inspection planned for the weekend, Ms Burdett expected a quick sale, with several offers likely to be presented to the vendors early next week. MORE: Adelaide’s million-dollar suburbs explode in a decade “It’s definitely price (attracting buyers to the property) – it’s housing that’s under $300,000,’’ Ms Burdett said. “It’s unfortunate there’s not much that people can afford at the moment. “We had old, asbestos(-riddled) Housing Trust houses sell in (nearby) Mannum three years ago for $180,000 and this year we’re getting $400,000 for them. “This (interest in the container home) is just about affordability for people to get into a house. “It is a really cheap house.’’ The two-bedroom home on a whopping 981sqm block has all the modern features and comforts, Ms Burdett said, including a slow combustion heater and reverse-cycle airconditioning. The kitchen has a dishwasher, while the bedroom has ensuite access to the bathroom, which has a shower and separate bathtub. MORE: Traditional retail hotspots shunned for ‘lifestyle’ strips Outside, there is a detached studio, a large shed with a lined internal room and a gazebo with decking. “(The vendors) decked it out beautifully inside,’’ Ms Burdett said. “It’s still that sort-of rough look outside but you could do it up to look really snazzy. “It’s just in a nice, quiet location and it’s certainly elevated so you will never be flooded. “Everyone asks about flooding (risk) but there’s none, not unless a tsunami comes through.’’ While most inquiries were from singles and couples, Ms Burdett said extra containers could be added to the existing two second-hand containers to make it a family home. She said investors had also shown interest, attracted by the prospect of making a decent return on investment by offering a cheap rental that still covered any mortgage repayments.