Untouched waterfront Brighton property a rare opportunity
A rare untouched waterfront property on Brighton’s Golden Mile has just hit the market with potential for someone to create their dream home on it.
The prime 883sq m site at 8 Miller St has a 1960s four-bedroom house on it that has been in the same family for 60-odd years and is now on the market for $10.5-$11.5 million.
Kay & Burton Brighton director Alex Schiavo said this was one of the last properties along that stretch that hadn’t been developed.
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“You can put your own stamp on it,” Mr Schiavo said.
“It’s liveable but it needs to be renovated or most people would prefer to build their dream home there.”
He said the property had a frontage to the water of in excess of 20m and a sweeping 180-degree view.
The premium property is spread over two levels with the kitchen, dining room, lounge room, main bedroom and study or second bedroom on the ground floor.
Downstairs are two more bedrooms, a rumpus room and carport. There is also a pool on the large block.
The view from the property takes in the city’s landmarks from the Royal Brighton Yacht Club to the West Gate Bridge and city skyline.
Mr Schiavo said there was a lot of international interest on the prized property.
“The expat market from Singapore, Hong Kong and the UK have shown strong interest,” he said.
“They are thinking of coming back and are looking at this as an opportunity.”
The median house price in Brighton was $2.3 million in the 12 months to May 2019, a decrease of 17.9 per cent in that period but equivalent to the median house price three years ago, according to CoreLogic.
Data shows the most expensive house to sell in that precinct is 39 Seacombe Grove, Brighton for $22 million in 2015.
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