Psychic Uri Geller has bought the house Elvis lived in before he moved to Graceland.

Geller and two partners bought the Tennessee home on eBay for $905,100.

"We are unbelievably pleased. This is a piece of history," Geller said. "We intend to restore it to its old glory. We would like to bring sick children there (for tours), Palestinian children, Israeli children, American children. "Hopefully one day we might get approval to turn it into a museum."

The singer lived in the house for 13 months before moving to the now famous Memphis estate Graceland where he died in 1977.

Geller, who made an original bid of $300,000 for the property, met Elvis in the '70s after the King asked him to perform his spoon bending trick for him.