ELVIS Presley’s abandoned childhood home has been sold for just £35,000 – and the new owner has very big plans for the tiny house.

Jeffrey Marren, owner of Rockhurst Auctions, told The Sun Online that the property finally sold after originally going up for auction for £25k.

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He explained it had been sold to a collector from California who intended to rebuild the property and furnish it with other Elvis memorabilia.

Mr Marren told The Sun Online: “There was quite a bit of interest in it, and now it’s become a bit of a project.

“It’s actually just been unassembled and it’s in the process of being moved to its new location now, and then it’ll be reassembled. It’s quite a long term project for the winter,” he added.

The home is located in east Tupelo, Mississippi, and was the boyhood home of the rock and roll legend.

The tiny house is currently being stored in its disassembled state in Mississippi.

It is unclear if the new owner will move the house out of state.

“The owner plans on putting the house back together, dressing it in 1930’s furniture and houseware and then adding other Elvis collectable items,” said Jeffrey.

He explained a production company also may be planning to make a documentary on the rebuilding of the house.

The property at 1241 Kelly St, is where Elvis and his parents Vernon and Gladys Presley lived from 1943 to 1944.

The three-bedroom home was built by Presely’s great uncle, Noah Presley.

Jeffrey said that the man who initially bought the land was planning on tearing down the property but when the collectors realized it was the childhood home of the rock icon, they struck a deal to buy the home and moved it from the original site.

The building was completely taken down, disassembled board by board, preserved and safely stored for eventual reassembly at the location of the auction winner’s choice.

Its deconstruction was overseen by Elvis experts Chris Davidson and Stephen Shutts.

They noticed that striking discoveries were frequently being unearthed so the disassembled parts of the home were securely stored away in a trailer, which came with the purchase of the home.

Just down the road from this iconic building is Presley’s birth home.

Located at 605 Kelly Street, the property remains a historic landmark and public museum site.

“The childhood home isn’t necessarily a historical landmark and could be sold because the birth home is already quite a big tourist attraction in Tupelo,” said Jeffrey.

“There’s a museum next to it and it gets thousands of visitors a year.”

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