Safety Beach freehold mooring trades above median house prices in Melbourne’s surrounding south-eastern suburbs
- Boat dock worth more than a house
- Owner of the lot sells the lot in its entirety
- The pier is perfect for vacation lovers.
A water catchment next to some of the most impressive luxury homes in a posh suburb has been listed for sale with a higher asking price than some homes.
The waterway, which houses a dock for small boats and yachts, sells for a whopping $680,000 to $720,000.
The pier, located at 77 Martha Cove Waterway in Safety Beach, in south-east Melbourne, is worth more than the houses in the surrounding area.
The dock is connected to three phase power and is connected to running water. It is 20 meters long and 6.7 meters deep.
Unlike most docks in the area, this berth sells itself. It is not for sale along with another house.
A pier housing small boats in a popular Melbourne waterfront suburb sells for a price worth more than houses in nearby suburbs.
The pier can accommodate boats up to 70 feet long.
Lot owner John Ayre said real estate.com.au who bought the pier 20 years ago, when the houses and waterfront development were just being planned.
“I said I would take two berths as long as the area was privately fenced off for me,” he said.
The dock can be accessed through open space instead of users having to go through a property to get to the lot.
Mr. Ayers also owns another berth, which is smaller at 15 meters long, which is currently being leased.
YPA Estate Agents director Dromana Elke Remscheid said docks like this are very rare.
“In my 24 years in real estate, it’s the first freehold I’ve ever listed and that size as well,” he said.
The boat berth is in the posh Safety Beach spot and the owner of the pier is already renting a smaller berth to his friend.
The parcel is being offered for sale starting at $680,000 after the owner decided to list the property for the first time since he purchased it 20 years ago.
Ms. Remscheid said that most berths are commonly sold through leases and are not typically sold by owners who own the parcel outright.
The warf is suitable for boat owners who live nearby or are vacationing in the area.
Homeowners looking to purchase a home in Martha Cove will consider spending $3 million to $5 million to purchase property on the river beach.
According to Proptrack data, more than 50 homes in the Melbourne metropolitan area have a median home price that is below the berth price range.
Suburbs like Pakenham in Melbourne’s southwest have properties selling for a median price of just over $655,000.