Infamous Snowtown bank sells

The infamous Snowtown bank has been sold.

Hale Real Estate director Nigel Christie says the Snowtown property fetched a little under its $200,000 price guide.

Its reportedly sold at around $185,000 to interstate buyers who will be owner-occupiers.

It has been on the market  since February this year.

Christie says the buyers plan to renovate the attached house and run a business from the bank.

The property is located about 150 kilometres north of Adelaide.

The disused bank at Snowtown became infamous after police discovered eight mutilated bodies in barrels inside the vault of the bank in 1999.

The bank sold the premises for $43,000 in 1995. It first sold after the gruesome discovery in 2000 at $34,560.

It sold again at $130,000 in 2005.

It last traded at $142,000 in 2006.

The property originally built as the bank manager’s residence consists of four good-sized bedrooms and the old bank building.