A low-priced property on Sydney’s northern fringe has caught the attention of bargain hunters as interest in cheap riverfront <a href="https://industrymovement.com/real-estate-agents-now-also-report-that-grid-congestion-is-delaying-housing-projects/" title="Real estate agents now also report that grid congestion is delaying housing projects”>real estate swells.
The 1296sqm property at 1480 Hawkesbury River, Cogra Bay, has just hit the market for $275,000, making it one of the cheapest waterfront properties in the Greater Sydney area.
The affordable price tag is less than a fifth of Sydney’s median house price of $1.53 million.
This waterfront property on the Hawkesbury River in Sydney’s north has been listed for sale for $275,000. Picture: realestate.com.au/buy
Accessible only by boat, it’s one of several riverfront properties dotted along the Hawkesbury River in Sydney’s north that are starting to attract increased interest from buyers.
The steeply sloping block of land is hidden behind a screen of mangroves, with glimpses of a yurt-like structure, timber deck and stoneworks providing the only evidence of human habitation.
A double-story yurt and timber deck are included on the block of land. Picture: realestate.com.au/buy
The bush property was once home to vendor Craig, who purchased the property in 2000 and moved there full-time.
He too was drawn by its affordability, snapping it up back then for just $42,500.
Its privacy and remote location were a big part of the appeal, while the challenging access wasn’t much of an issue for Crag, who worked in the northern beaches, travelling by boat to Akuna Bay on the other side of the river each day.
The lower level of the yurt includes a modest living space. Picture: realestate.com.au/buy
“I love the bush,” he told realestate.com.au. “It was feasible for me because I could commute to work and for that price I was never going to get anything else.”
“I stayed there for about six or seven years,” Craig said. “It was totally self sufficient. We had a composting toilet, solar panels, and rainwater tanks. Totally off the grid.”
The top floor serves as a bedroom with incredible river views. Picture: realestate.com.au/buy
But a romantic interest prompted a move to a more comfortable and accessible dwelling, meaning the property has remained little-used recently.
“I’m doing another project at the moment and I’m getting to the stage where it’s time to think about retirement,” Craig said.
Sydney buyers typically pay millions for glimpses of water, but this property has been listed for just $275,000. Picture: realestate.com.au/buy
Selling agent Andrew Searle of Belle Property Upper North Shore said despite its rustic nature, the property had attracted interest from bargain-hunters and locals alike.
“It’s got fantastic water views, you’ve got a huge water frontage, and it backs onto the national park,” he said.
“It’s tidal, boat access only and it needs work. Because of the price range we’ve had a lot of enquiries.”
The block of land includes a 60-metre waterfront. Picture: realestate.com.au/buy
Mr Searle said interest in riverfront properties had increased lately after a few slow years.
“In the last three months there’s been a lot more activity, both enquiries and sales,” he said.
“I think people are looking for a lifestyle change, whether it’s a permanent residence or a holiday home.”
1 Comment
Pingback: Tom Cruise film Digger forecast to lose $245m as The Social Recknoning also struggles at box office - Industry Movement