97 Beach Box, Rosebud has an affordable $20,000-$25,000 price guide.
A beach box that won’t blow buyers’ budgets out of the water is up for grabs on the Mornington Peninsula.
The red and blue weatherboard shack on the Rosebud foreshore is being sold privately with a $20,000-$25,000 price guide.
It’s being advertised as the “most affordable beach box in Rosebud” — and a realestate.com.au search suggests it’s also the cheapest one on the market statewide.
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Beach box 97 (pictured bottom, centre) is affordable because it’s set back from the sand …
… but it’s still a stone’s throw from the swell.
Barry Plant Rosebud director Craig Leo said box No. 97 was “absolutely entry level”, with the typical property of its type fetching $40,000-$60,000 in the beachside suburb and those at the top end stretching to $80,000-$100,000.
These prices are small compared with bathing box records in Melbourne’s blue-chip areas.
Brighton’s top seller — the red and white striped bathing box 76B on Dendy Beach — fetched almost 14 times the top of the Rosebud box’s quoted range ($337,000) last April.
And Portsea’s benchmark holder — the crisp white boat shed No.17 on Fishermans Beach — sold for more than $910,000 in November.
At the other end of the market, this boat shed on Portsea’s Fishermans Beach foreshore fetched more than $910,000.
Another boat shed on Portsea’s Point King Beach is set to be auctioned on January 20 with a $450,000-$495,000 range.
Mr Leo said No. 97’s affordability stemmed from the fact it was set back from beach, next to the Rosebud Bowls Club, with no water views.
“It’s for someone looking to store some beach gear, which I guess most beach boxes are anyway,” he said.
He said the property was 2.5m by 2.5m in size, in a central position opposite the Rosebud Hotel, and in “excellent condition”.
It has a “mezzanine level” for extra storage, but no electricity or running water.
Brighton’s beach box record holder (red and white stripes) fetched $337,000 last year. Picture: Ian Currie
CoreLogic records show the box only recently changed hands — in May for $22,000 — but Mr Leo said the owners were selling because they hadn’t used it as much as they’d hoped.
Unlike in Brighton, you don’t need to be a resident or ratepayer in the local council area to buy a Rosebud beach box.
Mr Leo, who has the listing with Clare Black, said bathing box owners buy what is essentially a lease agreement with the council.
The agent said the Rosebud market was starting to heat up ahead of the Australia Day weekend, which is traditionally busy for auctions on Victoria’s coasts. His agency has seven auctions slated for the day.
The suburb’s affordability had helped it resist the downturn gripping greater Melbourne, he added.
CoreLogic figures show Rosebud’s median sale price rose 15 per cent for houses to $610,000 and 12 per cent for units to $542,000 in the year to September 31.