‘Uninhabitable’ beachfront home in Williamstown sells for $4m

17 Esplanade, Williamstown, sold for $4m – despite being completely gutted inside.

A completely gutted period home on one of the most “exclusive” streets in Melbourne’s western suburbs has sold for $4m.

The beachfront property, located at 17 Esplanade Williamstown, was snapped up the night before auction, with several parties eager to revamp the stripped back home.

Ray White’s Reece Pearson said the prime position of the 837sq m property was the main drawcard for potential buyers.

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“There’s only a handful of properties that remain in that condition on the Esplanade in Williamstown unrenovated,” he said.

“The majority of people that were considering it were looking at restoring it, given its period features, and then doing some form of extension.”

The beachfront home has incredible water views … through its walls.

The property is located 450m from Williamstown Beach, offering uninterrupted bay views and proximity to amenities including the local train station and the botanic gardens.

Despite its ideal location, however, Mr Pearson said the home was currently uninhabitable.

“It’s not liveable at the moment … there’s actually no walls on the property,” he said.

The new owners of 17 Esplanade Williamstown plan to restore and extend the home, which comes with an enviable location fronting the bay.

“The owner that had it for nearly a decade had different plans of extending and potentially subdividing, but didn’t actually do anything.

“So, the property was stripped back to its frame and there’s been no walls on the property for the last almost decade.”

Mr Pearson said the new local owners hoped to turn the blank canvas into a family home, by restoring the front and extending the back of the property, while maintaining its historic charm.

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