Regional properties with holiday rental options key to success – NEWS.com.au

EMBRACING a lifestyle change can be beneficial for the soul and the hip pocket, according to selling agents.

Regional Victorian real estate agents say with short-term accommodation portals growing in popularity, so too has the demand for properties that offer a house for owner occupiers and a separate space for independent living that can be rented out.

One Agency Shaun O’Callaghan, Torquay, director Shaun O’Callaghan said in the past few years short-stay accommodation had really taken off on the Surf Coast.

“People are looking for the capacity that they could do it,” Mr O’Callaghan said.

“(Buyers are looking for homes) with a separate dwelling that could generate an income and make life more interesting, and meet people from outside the area.

“There’s been a big shift in the social dynamic of the town in the last two years.”

Mr O’Callaghan said a two-storey house he was selling at 12 Castaway Cres, Jan Juc, was a prefect example.

“The foyer separates the house the owners live in and a two-bedroom renovated apartment for tourists,” he said.

“It has a return of $40,000 a year.”

It is listed for private sale with a price guide of $2 million-$2.2 million.

Set on almost 400sq m, the main house features five bedrooms, two bathrooms, formal and informal living areas, as well as a cellar.

The self-contained apartment features a living area with a kitchen, dedicated bedroom and an ensuite on the ground floor. A combined bedroom and living area with kitchenette and ensuite is on the first floor, and could be rented separately.

Meanwhile in Hepburn Springs, an estate named Amazing Grace that has featured on TV shows Postcards and Eat Play Stay has hit the market, offering a house with a detached self-contained studio.

Biggin & Scott, Daylesford, agent Rae Corris said the house at 1 Lakeside Drive captured the “absolute country feel” of properties in the region.

“It’s very much what people are looking for in Daylesford,” she said.

“It would suit a fairly broad range of buyers, from owner occupiers to weekend accommodation.”

Ms Corris said there were a lot of residential buyers coming into the area, with a lot of interest from Melbourne.

“This (house) is typical of grand country living and with the potential for income or a studio or for guests,” she said.

“It could work as a large estate style holiday property with two separate dwelling for two groups or one large group.

“It’s a very flexible property.”

Set on more than 5000sq m, it is listed for private sale, with a price guide of $1.295 million.

Ms Corris said the four-bedroom, three-bathroom property offered “country contemporary living”.

“It is a classic farm house style with a crisp contemporary feel as well,” she said.

“The owners have put a lot of work into refurbishing the house, it’s a quality renovation.”