A property with uninterrupted river views has hit the market with a surprisingly affordable price tag.
Set in the Hawkesbury region’s sought-after pocket of Ebenezer, this site for sale could be the answer for buyers tired of being priced out of Sydney’s million-dollar waterfront market.
The 734 sqm parcel of land at 161 Coromandel Rd, which houses a two-bedder with a timber deck and has direct access to the water, has guide of $700,000 to $750,000.
However, despite coming in at roughly $200,000 less than the suburb’s median house price, there’s a catch.
MORE: FROM DRAB TO FAB IN SIX MONTHS
LIVE IN SYDNEY’S MOST PICTURESQUE STREET
Listing agent Yuri Catteneo said the buyer would need to make some amendments to the property.
The existing dwelling includes a living space, kitchen and a recently renovated bathroom. It connects to a covered outdoor deck with a heated spa and built-in speakers.
“The current carport isn’t council approved so that will need to be reconverted into a shed,” Mr Cattaneo, from First National Connect Richmond and Windsor, said.
“It is titled as a boat shed, not residential, so the front facade will need to become a roller door, the septic tank needs to be a pump out tank, and the two bedrooms need to be knocked down,” he said.
These requirements have not deterred potential buyers, according to the agent, with 11 groups currently competing for the property.
All of them are considering using the site as a weekender — the perfect place to escape the hustle and bustle along with their tents or caravans, boats, jet skis and other water toys in tow.
Mr Cattaneo said while some groups were locals, familiar with its location near the charming town of Windsor, the others were from the Hills region, living in suburbs such as Kellyville, Castle Hill and Kenthurst.
The price has proven a hit, with a five-bedroom house on a similar block in the same street recently fetching more than $2 million.
SIGN UP FOR THE NSW REAL ESTATE NEWSLETTER
“The drawcard here is you are snapping up a great position with street appeal; Coromandel Rd is a gorgeous part of town.
“In a caravan park you are restricted to rules and regulations and have to pay big fees but in this case you own the site — and the view makes you want to relax and crack open a drink.”