A recent sale at North Beach, Mt Martha has set a new price record, with a boat shed at 1 North Beach fetching $175,000, marking a significant increase from previous sales. The shed, which offers more space than a typical beach box, was owned by a single family for many years before changing hands in this lucrative deal.
North Beach is a well-known spot popular among sun seekers and beach enthusiasts. The area witnessed another two shed sales this year, with 120 North Beach being sold for $63,900. These transactions highlight the growing interest in beachfront properties and sheds along this stretch.
The buyer of the 1 North Beach shed is reported to be a Melbourne resident who also owns a holiday home in the Mornington Peninsula region. The shed’s central location and spacious storage area, coupled with its long-held history, made it an attractive investment for the new owner.
While North Beach sheds may command lower prices compared to those on South Beach, the allure of these coastal properties remains strong. Bathing boxes in upscale suburbs can easily surpass the $500,000 mark, showcasing the diverse range of prices in the market.
In March, a shed at 130 Rosebud Foreshore was sold for $90,000, indicating the varying price points within the region. The sale of a Portsea bathing box for $615,000 in 2015 exemplifies the premium prices some beachfront properties can achieve.
Real estate experts note that the demand for coastal properties remains resilient, with properties in sought-after areas commanding top dollar. The allure of owning a beachfront shed or bathing box continues to attract buyers looking for a slice of seaside paradise.
As the property market evolves, it’s essential for buyers and sellers to stay informed about the latest trends and price movements. Understanding the value of coastal properties and sheds can help both investors and homeowners make informed decisions in this dynamic market.
With ongoing interest in beachfront real estate and sheds, the Mt Martha boat shed sale serves as a testament to the enduring appeal of coastal living. Whether for personal use or investment purposes, these properties offer a unique opportunity to own a piece of Australia’s picturesque coastline.
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