Beach Box 28 on Shelley Beach in Portsea is currently listed for sale with an asking price between $910,000 and $1 million. This valuation surpasses Melbourne's median house price of $895,000, highlighting the premium nature of such beachfront properties.
The high valuation is influenced by several factors:
Scarcity and Demand: Beach boxes in this area are rare and highly sought after, driving up their market value.
Construction Quality: Unlike typical weatherboard structures, Beach Box 28 is constructed from masonry blocks, enhancing its durability and appeal.
Accessibility: Its proximity to a public park allows for easy access by car, adding to its desirability.
Recent sales of similar properties in the vicinity support this valuation. For instance, a nearby beach box sold for approximately $950,000 in early 2024.
Given these considerations, the asking price for Beach Box 28 appears to align with current market trends for similar properties in the area.
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