An original Avoca Beach cottage with breathtaking ocean views has snapped up by a Central Coast buyer looking to flip and re-sell.
The clad and tile home at 21 Warren Ave was sold post auction for a top price of $2.05 million.
Located on one of Avoca’s most sought-after streets, the property sits on an elevated block with extraordinary ocean views that will never be built out.
Sold by Andrew Sorensen from Sorensen Charmhaven, the three-bedroom 740sqm home includes open plan living and dining areas and two rear balconies to take in the sweeping views.
A similar style renovation project on the same street at 5 Warren Ave sold for the same price earlier this year but was on a much larger double sized 1410sqm block.
“In terms of square metre land value basis, we smashed it out of the park,” Mr Sorensen said.
The vendors late husband Stephen Row lived at the property since March 2011. The home was with his family since 1978.
Mr Row was a local physiotherapist and also served a four-year term as a Gosford councillor in the 1990s. He was passionate about environmental issues in the local community.
The median house price for Avoca Beach is $1.05 million for a house and $883,500 for units.
It is one of the best growth areas to buy property on the coast with a healthy 13.8 per cent change in median house price over the past 12 months.