A Stunning Price Drop at Hyams Beach: The Whaler’s Cottage You Can’t Miss
Nestled in the picturesque Hyams Beach, a charming whaler’s cottage at 57 Cyrus St has recently made headlines with a staggering price drop. Originally listed between $2.35 million and $2.45 million, the price has now plummeted to $1.45 million ahead of an auction scheduled for August 18. This sudden shift has sparked interest among potential buyers, especially given the property’s unique features and stunning ocean views.
The Cottage: A Blend of History and Modern Luxury
This quaint one-bedroom cottage, originally built in 1926, retains its historical facade while boasting a complete interior transformation. Interior designer Victoria Lillrud invested over $350,000 in renovations, resulting in a space that harmoniously blends modern luxury with classic charm. The cottage features high-end finishes, including herringbone timber floors, two bio-ethanol fireplaces, and a beautifully appointed bathroom.
Captivating Views and Outdoor Living
One of the standout features of this property is its breathtaking view across Jervis Bay to Point Perpendicular. The entertainment terrace is perfect for soaking in the scenery, making it an ideal spot for gatherings or quiet evenings. The outdoor space is equally impressive, complete with a barbecue, outdoor dining area, and sunbeds, allowing for a seamless indoor-outdoor living experience.
A Quick Turnaround in Interest
After just one open home, the property has already attracted multiple offers. Initially, a buyer offered $1.4 million, which was quickly raised to the new guide of $1.45 million. Following this, a couple from the Southern Highlands visited and immediately offered $1.5 million. This flurry of interest highlights the cottage’s appeal, especially given its proximity to the world-famous beach.
Fully Furnished and Ready for New Owners
The cottage is being offered fully furnished, complete with a curated collection of artwork, making it a turnkey option for buyers. Although it features just one bedroom, there’s an additional sleeping loft, providing flexibility for guests or family. The property is also marketed as a lucrative short-term rental, with potential earnings estimated between $70,000 and $85,000 per year.
Historical Significance
The property carries a rich history, originally built by Francis Langridge, who walked from Melbourne with his family in search of work. It stands as one of only two historic whalers’ cottages on the street, adding to its charm and uniqueness.
Market Trends in Hyams Beach
Despite the cottage’s allure, the Hyams Beach real estate market has seen properties linger for extended periods. For instance, a newly built three-bedroom luxury duplex at 48b Tulip St was initially listed at $3 million in 2021 and remains unsold, now carrying a price guide of $2.8 million. Similarly, TV presenter Sam Armytage sold her cottage for $2.75 million after initially listing it at $3.2 million earlier this year.
The Perfect Weekender
As real estate agent Julie Gauci aptly puts it, this cottage is “the perfect Hyams Beach weekender for a couple.” With its blend of historical charm, modern amenities, and stunning views, it’s no wonder that interest is heating up as the auction date approaches.
A Personal Touch
The writer of this article has a personal connection to Hyams Beach, having owned a property in the area for a decade. This local insight adds depth to the understanding of the market dynamics and the unique appeal of this coastal gem.
Explore More
For those interested in the latest developments in the real estate market, including celebrity projects and other unique properties, there are plenty of stories to explore. Whether you’re a potential buyer or simply a real estate enthusiast, the evolving landscape of Hyams Beach offers something for everyone.
