The Dee Why diamond in the rough in oceanfront position

Real estate is all about location, which is why an original cottage with old red curtains has a multimillion-dollar price tag.

A golden oldie in a golden position on Dee Why’s oceanfront.

A diamond in the rough in Dee Why above the rock pool has come to market having not traded for decades.

The 1950s cottage at 8 Monash Pde has an oceanfront position, 180 degree water views and the home is original.

The single-level home with granny flat has been on and off the market since 2006 and been offered for rent. But after years of indecision the old home is up for auction and drawing a range of buyers attracted by its dramatic position.

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Check out the matching walls and bar.

James Hawley, of Stone Real Estate, said at the first open house more than 20 parties inspected the four-bedroom home.

“Many of the people looking are families wanting to bowl over the house and build their dream home,” he said.

“There is a lot of confidence out there at the moment,” he added.

Floor-to-ceiling glass looking out to sea.

A special position three houses from the northern cliff edge.

“The choices are endless in your decision to either knock down and rebuild or fully renovate the existing four bedroom, three bathroom home, knowing with complete confidence that you are securing the ultimate beachside lifestyle, only available to a rare few,” he said.

The property is on a 714sqm level block and has two-street frontages, a swimming pool, a double garage and a granny flat off Monash Pde.

The kitchen is modern.

The swimming pool and the granny flat.

Inside is dated, there is a timber lined lounge with matching wet bar, old red curtains and a tired flat. However the main bedroom has its own bathroom and walk-in wardrobe and the kitchen has granite benchtops.

But the location of this property is gold, at the northern end of the road and just three houses from Oaks Ave and the pathway down to the ocean pool. Floor to 3.3 m high ceiling windows make the most of the panoramic view.

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Mr Hawley said feedback from buyers was around the $4 million mark and the cottage was booked to go to auction on Saturday June 29.

Originally published as The Dee Why diamond in the rough in oceanfront position