{"id":39654,"date":"2022-07-20T09:11:10","date_gmt":"2022-07-19T21:11:10","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=39654"},"modified":"2022-07-20T09:11:10","modified_gmt":"2022-07-19T21:11:10","slug":"beach-boxes-for-sale-asking-up-to-500000","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/beach-boxes-for-sale-asking-up-to-500000\/","title":{"rendered":"Beach boxes for sale asking up to $500,000"},"content":{"rendered":"

PHOTO: Beach boxes. Erinnna Giblin<\/strong><\/p>\n

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Property hunters have a chance to snag some of the expensive real estate in Australia, but the catch is – they cannot ever live in it.<\/p>\n

Beach boxes<\/a>, the size of\u00a0backyard sheds, fetch hundreds of thousands of dollars more than some apartments, making them elite-level real estate – on par with the dearest suburbs in the country – when measured by price per square metre.<\/p>\n

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Race against time to save one of the country\u2019s most Insta-famous beach locations<\/a><\/h2>\n<\/header>\n<\/div>\n

On the most highly-sought stretches of sand, steps from the water, the boxes can command sensational sums of\u00a0almost $1 million\u00a0and yet are smaller than a two-car garage.<\/p>\n

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Beach Box 85 (centre, white with the blue door) for sale in Mornington, Victoria. (Domain)<\/strong><\/em><\/figcaption><\/figure>\n

The boxes are classed by local councils as non-residential, meaning buyers are not allowed to reside in them, even the more swish ones that have electricity and running water.<\/p>\n

Beach Box 58<\/a>\u00a0in McCrae on Victoria’s holiday playground of the Mornington Peninsula is for sale right now, with price hopes of $450,000 to $500,000.<\/p>\n

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Boat shed and beach box listings up as housing market improves<\/a><\/h2>\n<\/header>\n<\/div>\n

With built-in day beds, space for a dining table and lots of storage, the beach box covers 36 square metres and has been treated to a crisp, neutral renovation, with stylish sky-blue doors, under the shade of ti-trees.<\/p>\n

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Beach Box 58 in McCrae, Victoria, is on the market and has had a fresh renovation. (Domain)<\/strong><\/em><\/figcaption><\/figure>\n

It is smaller than what many banks would loan for, were it a residential property (banks are cautious of financing homes under 50 square metres) but it presents as having the creature comforts of a chic apartment.<\/p>\n

If it achieves the top end of its price guide, the box – on the books of\u00a0Samuel Dalziel from Warlimont and Nutt\u00a0– will have cost a buyer $13,888 per square metre.<\/p>\n

Only a very small handful of suburbs around Australia, including the deepest inner-city postcodes of Sydney and Melbourne, where properties have postcard views or rich heritage, can command more (including Milsons Point, Lavender Bay and Albert Park).<\/p>\n

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The McCrae beach box is asking $450,000 to $500,000 and is 36 square metres. (Domain)<\/strong><\/em><\/figcaption><\/figure>\n

In neighbouring Mornington,\u00a0Beach Box 85\u00a0is also on the market, asking $185,000 to $200,000. It presents as more of a storage opportunity for beach-going families – a handy place to store umbrellas, deck chairs, buckets and spades and bodyboards.<\/p>\n

Marshall White agent Stephen Baster\u00a0is taking care of the listing.<\/p>\n

Scarcity factor helps to keep beach box prices buoyant. There are about 2000 boatsheds and boxes in Victoria, and most are dotted around Port Phillip Bay.<\/p>\n<\/div>\n

READ MORE VIA NINE\/DOMAIN<\/a><\/p>\n

MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n