MOST EXPENSIVE SHACK IN OZ

Why is this tiny iron shed surrounded by bushes on the market for a whopping £1.8MILLION?

A TINY fisherman's shack that does not even have an indoor toilet has gone on the market for £1.8million.

The corrugated iron shed surrounded by bushes contains two bedrooms and an old-fashioned kitchen - but its location is the big draw.

The eye-watering price tag is because it is set on half an acre among sand dunes with stunning ocean views in New South Wales, Australia.

The modest shack is positioned on Broulee Head, between two golden sandy bays around 180 miles south of Sydney.

Estate agents say home owners in the area rarely sell - so prices have gone through the roof.

It comes with an outdoor toilet, also made of corrugated iron, and a separate garage.

“There’s some romance to the shack because of its age. It could be done up - it is very quaint,” said agent Melissa Williams.

The shed was probably built by a fisherman in the 1930s or 40s, she said.

It is connected to Broulee Beach by a sandy path that cuts through coastal shrubs.

Melissa said properties in the area rarely come up for sale.

“It’s the ultimate location on a headland at Broulee," she .

"The property is set back on the dunes and the area is extremely tightly held.

“Broulee is our version of Palm Beach, it’s a wonderful spot right by the ocean.

“Few people sell because it’s a hard area to get into and you wouldn’t really want to sell once you get here.”

The current owners have had it in the family for 50 years and use it as a weekend retreat.

But buyers with the right budget could knock it down and build a larger modern house, subject to planning approval.

“You could probably build a massive home and go up two storeys but you wouldn’t need that to get the views," Melissa said.

“You can see the ocean at ground level and that view can never be built out.”

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