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Market News

First time in 50 years: Noosa cottage sells for eye-watering price

Source: News Corp Australia Network // Samantha Healy

First published 16th January 2023, 12:08pm

 

A TWO bedroom cottage on one of Queensland’s hottest streets has sold at auction after hitting the market for the first time in over 50 years.

Located on Upper Hastings St in Noosa Heads, the Little Cove cottage sold for $5.75 million, a tidy profit on the $13,000 paid for it back in 1972.

The modest green and cream abode attracted seven registered bidders and 150-strong crowd when it went under the hammer at 11am on Saturday.

Marketed by Tom Offermann Real Estate agent Nic Hunter, bidding for the cottage started at $4.5 million before selling under the hammer to Victorian buyers who have grand plans to build their dream home.

“They were on the phone but had visited the property and had really strong ideas about what they wanted to do,” Mr Hunter said.

The 122sq m timber cottage that currently sits on the block was constructed in 1972 and has timber floors, an enclosed veranda with hinterland views, French doors that open onto the terrace, character windows, two queen-sized bedrooms, one bathroom, a kitchen/dining space, a lower-level laundry, two store rooms and a carport.

The property also backs on to the Noosa National Park Reserve and is just “206 steps” to Hastings Street and Main Beach via a dedicated pathway.

On a 686sq m block, the listing said the location “is second to none”.

“Almost next door is the start of the dedicated pathway through the Noosa National Park to Morwong Drive near Hastings Street, opposite Noosa Main Beach and near to the Noosa Heads’ Surf Life Saving Club,” that listing said, adding that the site was primed for a trophy home or even apartments or a duplex, pending council approval.

“Expect views of the Noosa River and beyond to the Coloured Sands and Mt Cooroy from the upper levels.”

Inside the cottage. Source: Tom Offermann Real Estate