Buyers could enjoy waterside views via $2.1m sale of Millers Point cottage

The two bedroom harbourside apartment has the potential to be transformed into an Airbnb, with the neighbouring rental property making around $140,000 a year. See inside below:

10A High St, Millers Point NSW

A historic public cottage formerly used to house Sydney waterside workers has enticed buyers looking to transform it into an Airbnb.

High St in Millers Point was an integral part of the national government’s plans to provide public housing to improve the living conditions of the waterside works in the early twentieth century.

Photo from the NSW State Archives of High St in Millers Point in the early 1900's.

The terrace houses on High St in Millers Point were constructed in 1901.

In addition to providing accommodation and other facilities close to the wharves, the workers’ cottages were a broader part of the push for urban renewal post the 1900 bubonic plague outbreak.

LJ Hooker’s Patrick Huynh has listed the two bedroom and one bathroom apartment at 10a High St with a guide of $1.95m – $2.1m.
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It has been listed with a $1.95m – $2.1m guide.

Mr Huynh said there was a potential to transform the cottage into an Airbnb, with one of the neighbouring properties reportedly making around $140,000 per year.

“These original cottages in Miller’s Point don’t come up very often for sale, so they’re an incredibly rare and highly sought after asset when they do.

The property has been recently renovated and restored for sale.

“An investor could buy the property and rent it out for $1,2000 per week with $975 for Strata per quarter.”

Other wharves and buildings were being created around Sydney Harbour during this time, including the Rocks and Dawes Point as part of the Sydney Harbour Trust formed in 1901.

A view of the private courtyard.

Many of these cottages still stand today and are used as rooftop terrace apartments with views over the water.

Public housing has continued to be a substantial part of the suburb’s identity with ties to the maritime industry conserved through community action through the 1970s and 1980s.

An aerial view of the property's location against the Barangaroo construction.

It is 106 sqm in size.

The High St apartment is one of four restored heritage buildings that is up for sale and includes a private courtyard and separate living and dining rooms.

“This property is ideal for a buyer who wants to capitalise on the location, with each unit owner able to apply for shops and cafes.

Over the past year, median prices for properties in Millers Point have jumped up by 53.9 per cent – costing $2.925m to buy.

Originally published as Buyers could enjoy waterside views via $2.1m sale of Millers Point cottage