An original beach cottage has been listed for sale with an $8m price guide in Australia’s most expensive housing market of Byron Bay.
The charming two-bedroom, two-bathroom home at 160 Lighthouse Rd was built in 1975 and is just across the road from the world-famous Pass surf break.
Marketing agent Su Reynolds, of First National Byron, said the humble home in the coveted northern NSW location oozed “untapped potential” with breathtaking ocean views.
“It’s been upgaded over the years, but it’s a basic little beach cottage in a very tightly held little enclave,” Ms Reynolds said.
“It’s at the end of a very quiet part of Lighthouse Rd with rear lane access and it has sweeping views across the Bay and the hinterland, which are arguably some of the best views anywhere.”
The open-plan home has polished floorboards and sits on a 651sq m block opposite access to James Cook beach and the Cape Byron Lighthouse walk and bush tracks.
There’s a wide deck, terraced front yard with well-maintained gardens, in-ground pool and courtyard as well as a separate two-car garage and workshop space.
Ms Reynolds said the steep price guide was in line with recent sales in the Bay, including an architecturally designed home on Palm Valley Dr at Wategos Beach which is understood to have changed hands for $14m in July.
“It’s a neat cottage and the house is certainly in a condition that a buyer can either live there while they have plans approved for a dream home, or have rental income coming in,” she said.
Inquiries from a number of prominent business identities had been received.
Property records show the house is owned by Ian Pratley, a well-known antique dealer and furniture restorer, and his wife Helen.
The couple was living in Bathurst, NSW and purchased the Byron property as a holiday home before making the move permanent in retirement.
House prices in Byron skyrocketed to a median price of $2.78m in July, almost doubling from $1.42m last year and dethroning Sydney as Australia’s most expensive place to live.
Hollywood actor Chris Hemsworth thrust the coastal town back into the global spotlight when he and wife Elsa Pataky purchased there in 2014.
The celebrity couple was rumoured to be house hunting again after this year finishing the build of their beachside mansion worth an estimated $30m.