Beach box in Aspendale listed for $250,000 to $275,000

It’s no bigger than a garden shed, but this timber box is among Australia’s most expensive and exclusive real estate – and the buyer must pay cash.

When measured by square metre, little else outperforms a beach box or boat shed.

A renovated, sky-blue beach box for sale in the Melbourne bayside suburb of Aspendale has price hopes of$250,000 to $275,000.

The 13-square-metre structure – also known as a bathing box – commands more than $20,800 a square metre (at the top end of its price range).

Domain’s latest Price Per Square Metre Report, released last year, shows the average for a Melbourne home is $1838. The priciest suburb, when measured by dollars per square metre, is Albert Park, at $14,419.

Listing agent Chris Kavanagh of Barry Plant Bayside says beach boxes in this part of Melbourne are scarce and often retained by the same family for generations.

“They are definitely a luxury item,” he says.

The lockable shed is in a cluster of only five, with a fresh white roof and a door painted to echo the foam of the breaking waves only steps away.

The listing is in one of the best positions available, Kavanagh says, given its easy access from the carpark, preventing a long, hot dash across the sand.

Owners cannot use them for overnight accommodation, and as such, banks often will not offer loans, so buyers will require cash.

The City of Kingston, which covers Aspendale, states in its boat shed and bathing box policy that they are for comfort (such as changing into swimwear) and storage only.

Beach boxes are typically only available to local ratepayers, and the Aspendale offering is no exception.

To qualify, the buyer must be a Kingston ratepayer.

524 Boat Shed Beach, on the market through Kavanagh and colleagues Michael Care and Donna Brient, is one of 190 in Kingston.

On the Mornington Peninsula, bathing boxes can fetch near to $1 million. The local council manages about 1300 of them.

$250,000 - $275,000

524 Boat Shed Beach, Aspendale VIC 3195

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Houses with water views for sale right now in Aspendale

EXPRESSIONS OF INTEREST CLOSE WEDNESDAY 7 MAY 5PM

20 Bowman Street, Aspendale VIC 3195

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Moull Murray Architects had the vision for this luxe family home. It’s so close to the waterline that it feels as though the waves may break at your feet as you recline on the couch.

$2,600,000 - $2,800,000

1 Watkins Street, Aspendale VIC 3195

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The three-level home is crowned by a rooftop terrace with sapphire bay views. A basement level includes a private study and a cellar.