Brighton bathing box seeking nearly $300,000

Brighton bathing box seeking nearly $300,000
Brighton bathing box seeking nearly $300,000

To own one of the Brighton Beach bathing boxes, you have to own a home in the Melbourne bayside suburb.

The 82 bathing boxes that line the beach surged in price last year, with a newly-built hut selling for $326,000 record.

The latest box 60 listing (above and below) is expected to fetch between $270,000 and $297,000 at its December 3 auction with Marshall White agent Barb Gregory.

Brighton bathing box seeking nearly 0,000

On top of purchasing and maintenance costs, owners have to pay about $1650 each year in licensing fees and council rates.

The first box that traded at auction was in 1999 at $58,000.

Brighton houses have sold up to $22 million.

Listing agent Barb Gregory, once a proud owner of a $3200 beach box, regrets when she and her friends sold it a few years later.

This article was first published in The Weekend Australian.

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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