179 Golden Four Dr, Bilinga
RUN, run, as fast as you can, a real-life “gingerbread house” by the beach is coming to market this summer.
The distinctive Tudor Revival-style property known as Green Gables is a landmark along Bilinga’s beachside strip, known for its gabled roof, charming green-and-white facade and shuttered windows.
Generations of European bakers have recreated the whimsical cottage look of the Tudor house from gingerbread, a sweet Christmas tradition since popularised the world over.
The double-storey property at 179 Golden Four Dr comprises four flats on one title, and is marketed by Harcourts Coastal agents, Dan and Essie Moloney with Ed Cherry.
The property is known as Green Gables
‘Tis the season
Mr Moloney said the house would be auctioned in January.
“One of my mates messaged me saying it was a gingerbread house, and another local said they hoped someone would restore it to its former glory,” Mr Moloney said.
“But at the same time, this is a rare opportunity to secure a freestanding home so close to the beach, and more than likely a buyer would either knock down and rebuild or do a renovation, while being able to landbank and benefit from strong rental income until they are ready to proceed.”
Mr Moloney said a buyer could also consider an amalgamation with neighbouring properties, with a view to tapping Bilinga’s lucrative boutique apartment market.
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Built in the 1970s, Green Gables is one of a dwindling number of original homes in the area, and occupies a 405sq m lot with a total of nine bedrooms, four bathrooms, and three car spaces.
All four flats are currently rented, with three of the tenants on monthly leases.
Property records show the historic building was last purchased by a Sunshine Coast investor for $612,000 in December 2012.
The lot is favourably zoned for future development, and located about 100m from the beach and within easy access to the airport and Southern Cross University.
The property offers a landbanking opportunity with rental income from four flats on a single title
It’s one of the area’s oldest freestanding houses
PropTrack data shows just four houses have sold in the tightly held pocket of Bilinga in the past 12 months, with 292 buyers interested in each listing.
Average rental yield in the suburb is 2.2 per cent, while houses for sale are typically sold in 18 days.
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