Time warp house with 1970s furnishings sells for $2.368m

A time warp house with original 1970s furnishing and decorations has sold for a whopping $2.368 million at an auction that lasted for 11 minutes and 37 seconds.

The house situated in Richmond, an inner suburb of Melbourne changed hands for the first time since it was built by the original owners in 1976, Jellis Craig Richmond auctioneer Elliot Gill told Daily Mail Australia.

It was unknown how much the house was built for 41 years ago. 

The house was on the market for 24 days before it was sold at an auction which lasted for 11 minutes and 37 seconds

A birds eye view of the Richmond home in Melbourne which went under hammer on Saturday had achieved very good results 

The 168 Mary Street home had been on the market for 24 days before it was finally sold to a local businessman on Saturday.

‘There was only two competitive bidders at the auction but the house finally went to a local businessman who bought it for family use,’ Mr Gill said. 

‘It’s a very good result for a 1970s home.’ 

Mr Gill added that the house had gone over the $2.1 million reserve by $268,000.

The four-bedroom, one bathroom and three car parks home is located close to a range of attractions such as trains from the East Richmond line and the Barkly Gardens family retreat in Richmond.

 Two buyers had competitively bid for the home which went over the $2.1 million reserve by $268,000 on Saturday 

The house was built by the original owners in 1976 and had only changed hands recently at the auction on September 2 

The house situated in Richmond, Melbourne was built in 1976 comes with four bedrooms, one bathroom and three car parks