Chance to buy $50K-a-year holiday home with iconic lighthouse next door

A clifftop home with uninterrupted ocean views – and a famous lighthouse for a neighbour – has has hit the market for the cost of a small inner Sydney terrace.

The coastal property at 16 Federal Street, Aireys Inlet has been in the same family since 1937, with the residence built in 1985.

Mainly used a holiday rental, the property averages about $50,000 annually in holiday rent, with the iconic Split Point Lighthouse directly next door a major drawcard.

“Having the historic Split Point Lighthouse as your neighbour is obviously an amazing feature,” said Marty Maher of Great Ocean Properties.

Made nationally famous in children’s comedy TV drama series Round the Twist, the iconic attraction keeps silent watch on Victoria’s storied Shipwreck Coast. Towering over the waves, it has been a guardian on a dangerous coastline that has claimed hundreds of ships during its dramatic maritime past.

“People generally are fascinated with lighthouses and being the Round the Twist lighthouse adds a special flavour. It is constantly talked about. There is so much fondness for that show and the lighthouse generally.”

The tower dominates the horizon in Aireys Inlet, between Anglesea and Lorne on the Great Ocean Road southwest of Melbourne.

Mr Maher says it would suit someone seeking spectacular world class views who is “not looking for a huge property”.

“There is no doubt tastes change over time and some one will likely cosmetically renovate,” he added.

As well as postcard-worthy views, the property occupies an enviable position with beaches on both sides and a cafe a short stroll away.

“It is a very tightly held area and there are only two properties that can say their neighbour is a lighthouse,” Mr Maher added.

“The views are amazing and whales and dolphins are regular visitors in the whale season.”

The home is listed with a price guide of $2.1 million to $2.3 million.

The record for a residential sale on the Surf Coast – which Mr Maher also presided over – is the whopping $10 million netted in 2021 for a house at 310 Great Ocean Road in Fairhaven where iconic Aussie film Mad Max was filmed.

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