The modest three-bedroom weatherboard cottage that won the hearts of the nation in the 1997 hit comedy, 'The Castle', sold for eight times the reserve price on Wednesday afternoon.
The much loved, 'Victoriana'-style house that was the star of the 1997 hit comedy 'The Castle', sold for a better-than-expected $40,000 at auction on Wednesday afternoon, before the home is relocated to north-eastern Victoria.
The owner of the home, Vicki Cosentino, planned to demolish the house last year after tenants trashed the property, but after calls to preserve the iconic abode, the house was offered up for sale as a relocatable home.
There were several interested parties ahead of the auction, including movie buffs, said listing agent Rebecca Towns from Brad Teal. The eventual sale price was considerably higher than the price of most relocatable homes.
The bidding opened, in jest, at $100, to which auctioneer Noel Kenny responded, "Tell him he's dreaming". Bidding quickly moved past the $5,000 reserve, rising in mostly $1,000 increments, to finish at $40,000.
Two businessmen from Beechworth were the eventual buyers. George Fendyk and Geoffrey Lucus plan to use the home as their office in a caravan park proposed on the site of the former Mayday Hills Lunatic Asylum.
"This will be a really great magnet, it will be a tourist attraction," said Fendyk.
It's estimated it will cost $70,000 to relocate the house.
“Of course, I’ll be sad to see it go, but life’s got to move on,” said Cosentino.
Fans who drive by the house at 3 Dagonet Street, Bonnie Doon, even 20 years after the film's release, will soon be disappointed. Two townhouses are proposed for the site.
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