Gold Coast real estate: Why beach shacks are so hot right now

A GOLD Coast beach shack on the market for the first time in 35 years is set to go under the hammer.

Property records reveal Mary Young, the founding director of Black & Young Real Estate, paid $73,000 for the 668sq m property at 40 Symonds Rd, Burleigh Heads in 1988.

Marketing agent Claudia Young, of Black & Young Burleigh said the prime piece of real estate offered a “standout opportunity”.

“Located just over a 300m walk to Burleigh’s world-famous beaches, with a 15.25m street frontage, this block screams with potential,” she said.

“Whether it’s maintained or knocked down, these shacks are always on great sized blocks and this one in particular is so close to the beach.

“Renovate and hold or build your dream home.”

Ms Young said it offered buyers the chance to relive the classic charm of Burleigh Heads.

“Built circa 1970, many of the homes of this era were low maintenance, lock and leave designs,” she said.

“Their primary purpose was a gathering place for friends and family to share a meal and drink after long, hot, salty days spent relaxing on the beach.”

The house has three bedrooms, one bathroom and a single garage.

Beach shacks on the Gold Coast have become hot property in recent months with the sought-after properties selling in heated auctions.

3 Guyra Ave, Burleigh Heads.

In December an original 1960s low-set bungalow at 3 Guyra Ave, Burleigh Heads sold under the hammer for $2.09m.

Toni and Michael Bach, who lived next door, were revealed as the buyers.

“We heard everyone else at the opens talking about knocking it down and we felt a bit of an obligation to retain the original charm of such an iconic home,” Ms Bache said.

“Long-term, we have a big reno planned, but still honouring the 60s beach shack vibes.”

24 Pine Ave, Surfers Paradise.

In November a Gold Coast woman beat a stack of developers in the race for a humble beach shack in Surfers Paradise.

The property at Budds Beach, a small pocket in Surfers Paradise, sold in an emotionally charged auction for $1.35 million.

At the time she said she planned to retain the shack.

105-107 Jefferson Lane, Palm Beach.

And in September a Palm Beach shack sold to an interstate family for a whopping $16.5 million, smashing the suburb record in the southern Gold Coast suburb.

The cottage on a 1,110sq m double block with 20m of beach frontage was sold by Raymond Wilkie who had held out for a higher price as developers around the country circled in pursuit of the prime holding.

The Symonds Rd property goes to auction on February 25.

Article source: www.realestate.com.au

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