The Waikouaiti 70-year-old bought the Otago Polytechnic's sustainable house at an auction run by Metro Realty on Saturday.
Asked why he bought the energy efficient and sustainable house, the retired hardware merchant said: "I don't like my old house . . . and this house is great value for money."
While the price was a bargain, Mr Clement was just as delighted with the savings he expected to make in running the house.
It was built with warmth-retention features including windows with gas-filled double-glazed panels and double-thickness frames, extra insulation, thermal curtaining and a large heat pump.
The three-bedroom house has an energy star rating of 6.5.
By comparison, a standard wooden villa in Dunedin has a rating of about 2, and anything over 4 is considered good.
As well as being warm, its other useful features include low-energy lighting, a water-saving dishwasher, eco-friendly paint, solar heating panels and a rainwater collection system.
The house was designed and built by Otago Polytechnic students using materials and products from more than 20 local suppliers.
It was the Otago Polytechnic's entry in the Shac 09 Competition - a national sustainable housing competition held earlier this month.
The money from the house sale will go to United Way, which will disperse it to Otago-based charities.
Mr Clement said he would move the house to a section in Waikouaiti where he planned to retire.
