The clad cottage in North Narrabeen with the $800,000 price guide.
A cottage on the northern beaches is for sale for the price of a unit.
The freestanding cottage in North Narrabeen has a north to rear aspect, 462sqm of land and is an easy walk to beaches.
And while the median price for a unit on the northern beaches is $900,000 the three-bedroom cottage at 98 Rickard Rd, North Narrabeen has a buyer’s guide of $800,000 to $880,000.
Agent Greg Rogan, of Bayview Real Estate, said he was promoting the property as land value and a blank canvas.
A cottage with a price guide of a unit.
“The house is dilapidated and is probably unliveable but I have heaps of interest,” he said.
Young local builders are eyeing the fibro cottage as well as older buyers keen to renovate.
“The house has a nice district view, northeast aspect and lots of sunshine. The house is at the front of the blook too so there is lots of backyard,” Mr Rogan said.
Agent Greg Rogan said the cottage has character but needs works.
There are three bedrooms and the kitchen and living area is at the back of the house facing north. The bus is at the door.
The 1944 cottage has timber floors and high ceilings and is being auctioned onsite on Sunday, November 25, at 9.30am.
The northern beaches is regarded as affluent Sydney. The median house price on the northern beaches is $1.8 million.
98 Rickard Rd, North Narrabeen. NSW real estate
Two years ago, when the property market was at its peak, the home would have fetched up to $1.1 million, Mr Rogan said.
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The challenge for vendors now is that so many buyers are finding it tough to borrow. Agents on the northern beaches have observed that the lower end of the market is tough as buyers find it hard to borrow as much as they would like. Last weekend an original two-bedroom cottage in North Narrabeen with panoramic ocean views sold for $1.375 million.