For the past six decades, the same family has owned this charming two-bedroom cottage, which is set across the road from Thirroul Beach.
The family has now decided to sell the real estate gem at 10 Mary Street, Thirroul, and it went on the market two weeks ago.
In that time, real estate agent Vanessa Denison-Pender said there had been a significant level of interest from potential buyers, both locally and from Sydney.
The classic beach shack, set on a level, 705-square-metre block, would go to auction, with bidding expected to start above $1 million, said Ms Denison-Pender, of One Agency Denison-Pender & Moore.
‘‘This is a very rare property,’’ she said. ‘‘In that little strip, there are only a small number of houses, so it’s actually a very short street with those beachfront properties.’’
Ms Denison-Pender said the original cottage could be renovated or knocked down to build the dream beachside home. With east-facing ocean views, it had massive potential for future development.
To get an idea of what the real estate is worth, the house next door to 10 Mary Street was sold by Belle Property Wollongong last August for $1.547million.
According to Australian Property Monitors, Thirroul’s median house price jumped 5per cent in the 12 months to July 2013 and stands at $637,000.
Ms Denison-Pender said the suburb was performing strongly.
The agent has another listing at 9 George Street, Thirroul: a fully renovated prestigious weatherboard home, which attracted 150 people for an inspection last Saturday.
‘‘Those numbers tell you what the market is doing in Thirroul for the right property,’’ she said. ‘‘I’ve had phenomenal interest in that property as well.’’
The auction for 10 Mary Street is on Saturday, November 2, at 11am. The house is open today for inspection from 1pm to 1.30pm.
‘‘It will definitely go to auction,’’ Ms Denison-Pender said. ‘‘It will not be selling beforehand.’’