Bought For $13k, Sold For $5.75m: Cottage Sells For First Time In 50 Years

A cottage in one of the hottest streets of Queensland reportedly went on the market where it was sold at an incredible price. Incidentally, this two-bedroom house was sold at an auction after being unavailable for close to 50 years. The house is located on Upper Hastings St in Noosa Heads, the property was sold for a whopping $5.75 million- a far cry from the $13,000 that the previous owners paid back in 1972. Despite being quite a normal-looking residential building, the modest green and cream abode went on to attract around seven different bidders. When it went under the hammer on Saturday, there were around 150 people in the crowd that witnessed it being sold. 

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The cottage that went for $4.5million.
Image Credits: Tom Offerman Real Estate

The cottage was marketed by Nic Hunter, a real estate agent working for Tom Offermann Real Estate, and the bidding for the house started at around $4.5 million before it was sold to a pair of Victorian buyers who had several grand ideas of building their dream home.

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Cottage Worth $13.3K Was Sold For An Enormous $5.75 Million In The Market

Mr. Hunter stated, “They were on the phone but had visited the property and had really strong ideas about what they wanted to do.” The timer house has an area of 122 square miles and has timber floors, along with an enclosed veranda. There are character windows, French doors, two queen-size bedrooms, a bathroom, a kitchen/dining space, a couple of store rooms, a lower-level laundry, and a carport. 

The insides of the cottage is splendidly cozy.
Image Credits: Tom Offerman Real Estate

The listing for the cottage reads, “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. Expect views of the Noosa River and beyond to the Coloured Sands and Mt Cooroy from the upper levels.” This property attracted interest from interstate, international, as well as local buyers. Mr. Hunter also stated that there were many locals in the auction crowd who wanted to see how the local market was about to perform in this new year. 

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Speaking about the locality, Mr. Hunter said, “Noosa just keeps delivering great sales prices in those key positions. All of the auctions we have coming up, there is already strong interest from quality buyers. There is still solid interstate interest, but Queenslanders are our main buyer pool for sure.” This house was sold as a portion of the estate of Dr. Harold ‘Paul’ Spiro, who had passed away last June. The real estate agent went on to mention that the entire event was quite a bittersweet experience for the family- who had all enjoyed this property over the last 50 years.

Sources

  1. First time in 50 years: Noosa cottage sells for eye-watering price.” Real State. Samantha Healy. January 16, 2023
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