Real Estate

Brisbane beach house flat earns $40k a year

Written by The ReReport
As seen in the Source link, written by on 2019-03-08 06:19:02

A Brisbane beach house with a self-contained cottage that earns almost $40,000 a year has hit the market.

One of just 47 houses located on a tightly-held strip overlooking the water at Nudgee Beach, the owners of 87 O’Quinn Street have been partially living off the rental income from the cottage for several years.

It is listed on Airbnb for $119 a night.

“The 1930s cottage is renovated and has a fully equipped kitchen and laundry,” the listing says.

“The rear door opens out onto the pool deck and the Moreton Bay foreshore is about 120 meters away with no roads to cross.”

This charming cottage is earning its owners almost $40,000 a year on Airbnb.

Almost 300 reviewers have given the cottage a five star rating, with Place Ascot agent Stefan Blee saying it was often booked three months in advance.

But it could all be yours for the right price, including the two storey modern residence, cottage and water views.

“It takes me 12 minutes to drive to Nudgee Beach from Ascot by car,” Mr Blee said, spruiking the proximity of the beachside burb to the CBD.

“The (main) house is a beautiful home, with four bedrooms and three bedrooms.

“The cottage is the original house and is a stunning Airbnb.”

The guest cottage sits at the front of the property and has a large bedroom, ensuite, kitchen and living area, which opens on to the pool deck and pool that separates it from the main house.

The main house, which is spread over two levels, is accessed via the pool deck, with the main living areas located on the upper floor.

The main house

It is here you will find the media room and open plan living and dining areas, and the kitchen with its waterfall-style stone benchtops, butler’s pantry and quality appliances.


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Sliding doors lead out on to the alfresco dining area that looks out over the water.

The four bedrooms are located on the ground floor and include the ‘master wing’ with views of the bay. It has huge walk-in robe and a spacious ensuite with free standing bath and dual sink vanity.

An office and gym complete this floor. There is also a carport at the front of the property.

Mr Blee said Nudgee Beach remained a well-kept secret, which made marketing the house “a bit tricky”.

But he said there had been some interest from local buyers living in the prestige suburbs of Hamilton and Hawthorne, plus interstate buyers from Sydney and Melbourne.

“There just aren’t any real comparable sales in the area,” he said.

“It still flies a bit under the radar but if you are wanting a waterfront home with a beach that is ridiculously close to the city, this is it.”

As for the current owners, Mr Blee said they were moving to Bribie Island to be closer to their grandkids.