A Moonee Ponds garage is being touted as an unusual housing solution for entry-level buyers after hitting the market for $580,000.
With only a kitchenette, basic partition walls and no lights, the one-bedroom, one-bathroom red brick building requires a bit of creative thinking to become a cosy home.
But it’s already caught the eye of several bargain hunters, with at least one looking to renovate and move in.
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The garage has a one-bedroom apartment at the rear.
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Even after forking out for a fresh fit-out, 85A Wilson St would come in hundreds of thousands of dollars under Moonee Ponds’ $1.491m median house price.
Nelson Alexander, Essendon listing agent Jon McKenna said the sub-$600,000 price guide was fuelling the listing’s popularity.
“It’s very basic, as you can see, it would need a kitchen, bathroom, light fitting – it doesn’t have lights in there – but it has power and water,” he said.
“It wasn’t designed to live in, for the old Greeks that owned the milk bar (two doors down) it was purely a garage and maybe storage and they put a kitchenette in.
“There is nothing to stop you creating another bedroom out of that garage space and making it two bedrooms.
“Down the side there is land, I think it’s about 2.3m or 2.4m wide, where you could do a garden or decking.”
A new kitchen is high on the priority list.
The garage comes with a bathroom.
The garage, which is on its own title, was originally part of a larger corner site directly opposite Moonee Valley Racecourse that included a milk bar and separate dwelling.
It’s the last piece of the puzzle to be offered to market after the recent $501,000 sale of the pint-sized house next door.
While that property was little more than a weatherboard shell, the former milk bar at 1 Fanny St, Moonee Ponds, had been renovated before trading for $512,500.
Mr McKenna said the garage’s concrete roof opened the door to going up, something several builders were considering.
The neighbouring house, at 85B Wilson St, Moonee Ponds, recently sold at auction for $501,000.
The former milk bar at 1 Fanny St, Moonee Ponds, was purchased as a blank canvas.
“Another guy said he would take out the walls internally and use it as a garage because he’s got cars he wants to store,” he said.
He said the property was directly opposite the new grandstand planned for the Moonee Valley Racing Club as part of a $220m redevelopment.
“There’s going to be a lot of activity there, bars, restaurants so it’s going to be quite good for that sort of demographic that buys this place,” he said.
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