A house bought for just $490 back in the day is on the market and holds a sentimental connection to hundreds of Aussies across generations.
Wood Cottage, at 31 Peel Street, has stood in Mackay, Queensland, for 150 years. It was the birthing suit for the Mackay District Hospital, welcoming hundreds of new babies.
The asking price of offers over $349,000 is only $23,000 higher than when it previously traded. It was sold for $26,437 in 1985 and last changed hands in 2007 for $326,000, Domain’s Pricefinder records show.
Until 1923, the property was found at another address, and was picked up moved to its current location. It has seen better days, with some wall cladding missing, a paint job needed and pine floors screaming out for a sand. The kitchen and bathroom require fitting out.
31 Peel Street, Mackay, Queensland
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However, the sweet features of yesteryear, including French doors and tongue and groove walls, remain and it could be transformed into a classically chic Queenslander (a popular architectural style in this pocket of Australia, in which properties are elevated, such as this one, for warm climates).
A local named William Tickle first bought the former maternity ward for £275 (the equivalent today of about $491), the listing shares. Built in 1870, today it is a three bedroom home with a deep, lattice-enclosed verandah, which spans three-quarters of the house.
The Mackay region flourished around the home and now has a population of about 123,000. The region includes 30 townships and enterprise in education, mining, construction, agriculture and tourism.
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The buyer will find the inner city is close, including the local showgrounds, a major shopping centre, cafes and restaurants.
The price hopes for the property are in line with Mackay’s median house price, according to Domain data, which sits at $340,000. That sum represents a spike of 2.6 per cent over 12 months.
The listing is on the market through Re/Max Results Mackay.
Article source: Queensland Property Investor