The restored 2-bedroom air-conditioned unit at 25 Mill St Goodna will go under the hammer at Springfield Lakes.
It follows the recent sale of an unrestored brick home on 3034 square metres at Lower William St Goodna for $226,000.
Local Goodna Councillor Paul Tully is confident the local market will pick up in the suburb.
"Houses in the flood-affected parts of Goodna are slowly being restored and people are moving back in.
"Renewed confidence is returning to the suburb and property values will start to steadily rise again."