Funny

You can live in a converted BANK for £90,000 – and it’s even got a vault

A bank converted into a two bedroom home but still retaining its vault can be yours at a snip for £90,000

The Gateway State Bank in Iowa has been converted into a home
The converted bank is on the market for just £90,000

If you’re going to put your savings into a home – what better place than a converted bank?

The Gateway State Bank, in Iowa in America, was built in 1908 and later transformed into a quirky two-bedroom home complete with its own very secure looking vault.

It is now on the market for just £90,000 – a fraction of what you’d pay for a similar size property in much of the UK.

The compact building – which stands alone – features a pretty period facade with the words Charlotte Savings Bank in large lettering just below the roof.

Inside the 1,611 sq ft property you’ll find the former bank’s lobby, which is now an open plan kitchen and living room.

The converted bank has retained its vault
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If you buy this history-filled home you’ll be able to prepare dinner on the marble top surfaces where customers would queue to cash in their cheques once upon a time.

The property still has its original windows and high ceilings on the lower level which let in lots of light.

Despite the absence of cashier desks and paperwork, there still remains one tell-tale sign of this unique property’s past.

The kitchen and stairs in the former foyer
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Located beside the home’s only bathroom is a large silver vault door – previously used to secure the space where money, valuables, records and documents were kept when it was a working branch.

Upstairs is the master bedroom, which boasts a wood-burning fireplace and original wood floors.

There’s also a loft, where a second spacious bedroom can be found.

The bank was built in 1908
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Jam Press/Joy Jenson/ReMax)

No need to rob (another) bank to afford it either, as the property is a steal – having gone on the market with Joy Jensen Realtor for just £90,000 ($112,000).

House prices in the US have seen a hike of around 20 per cent since last year, but at $337,560 (£270,696) the average cost is still lower than England, where it currently stands at £360,100.

The conversion features lots of dark wood throughout
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Jam Press/Joy Jenson/ReMax)

Prices have been at a record high for three consecutive months, Rightmove reported this week.

“2022 has started with price-rise momentum even greater than during the stamp-duty-holiday-fuelled market of last year,” said Rightmove’s director of property data, Tim Bannister.

However, according to some experts the housing market appears to be levelling off, which could be down to rising living costs.

Potential buyers will be happy with some of the furniture left in the building
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Jam Press/Joy Jenson/ReMax)

The Mirror previously reported on a church converted into a luxury home which, for £750,000, came with its original graveyard in the garden.

The Grade II Listed Church of the Holy Trinity was built in 1849 and still has some of its ecclesiastical features.

In addition to grave stones jutting out of the back garden, the home features stunning stained glass windows and vaulted ceilings.

Where customers once went upstairs for meetings, buyers will go to bed
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There are also Gothic arches and pillars, and a carved stone pulpit.

The property in Heywood, Wilts, was converted into a residential home by an artist couple in 2013.

It features facilities fit for a bank manager
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The church was last used for its original purpose in 1981 after a decision was made to merge the congregation with another parish.

Mrs Waugh, 59, said: “We wanted space and somewhere we could show our work and this was one of those places you walk in and it just takes you over.

Its old life as a bank can be seen in its features
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“It’s a beautiful building, a lovely atmosphere, we were hooked.

“The property had been a commercial building so it had really old night storage heaters and we had to sort out all the electrics. There was no kitchen and no bathrooms. It was a lot of work.

The dark wood finish adds a touch of class to the home
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Jam Press/Joy Jenson/ReMax)

“It was more space than we needed and we were fearful because of the scale of it, but it’s actually quite an easy property to live in.

“It’s not a run-of-the-mill property, but I think anybody could live there, we’ve had a really eclectic mix of people viewing it. I would just like it to go to someone who’s going to love it as much as we do.”

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