The Sell: Kurtley and Maddi Beale cutting final ties with Sydney
Wallaby legend and Western Force player Kurtley Beale and wife Maddi are cutting ties with Sydney property by listing their Paddington apartment.
NSW
Don't miss out on the headlines from NSW. Followed categories will be added to My News.
The 95-cap Wallaby legend and Western Force player Kurtley Beale is cutting his ties with Sydney property.
Having sold his Randwick home last year, Beale and wife Maddi are now selling their Paddington apartment.
While the apartment has been an investment property over recent years, Beale did live in the one-bedroom bolthole when he was training at Allianz Stadium. The Paddington Barracks building on Moore Park Rd sits opposite the homebase of the Waratahs.
McGrath Paddington agent Georgia Cleary has given a $780,000 guide for its June 6 auction.
The ground-floor apartment with a deep courtyard cost $380,000 in 2007, the same year Beale played his first game for the Waratahs as an 18-year-old.
Cotality data shows the 68sq m unit was offered for rent in August 2020, in the pandemic, at $480 a week, which was well down on its $630 a week offering in 2019.
The last one-bedroom, one-bathroom apartment without parking in the building was sold for $825,000 last July.
This one first sold for $388,800 after Walker Corp designed the $28m, 75-unit apartment complex in 1999, with it completed in 2001 by Australand. The late developer Lang Walker had secured the 3400sq m site from the Metropolitan Water Sewerage & Drainage Board for $6.25m.
The outside back, who was a Western Force re-signing in January, could catch up with his former Waratah teammates next weekend, depending on how he pulled up after this weekend’s match against the Fijian Drua in Lautoka.
He and Maddi, who have two children, have recently bought in Cottesloe, the popular beachside Perth suburb. They spent $2.2m on a new three-bedroom apartment in the Elizabeth Residences, named after the 1839 shipwreck 200m from the Cottesloe shore.
The two-level apartment is within a boutique complex of eight, set five doors from the beach, which was pitched as being perfect for a professional couple, downsizers or retirees, as well as a small family.
All up there is 238sq m of internal and external living space, and a further 30sq m of stacker parking for two cars, and small storage.
Beale secured $4.725m for his former Federation Randwick home, which he bought for $2.651m in 2015. It had been a longtime rental since his time playing for the Waratahs, with stints in the UK and France taking him away.
BORROWING THE HIGH LIFE
Billion Dollar Playground, which premiered midweek on Binge, featured a Rose Bay trophy mansion as one of its four luxury short-term accommodation locations.
With new episodes dropping weekly, the forthcoming homes on the reality series include the stunning home Dovecote, at coastal Gerringong, where the guests arrive by helicopter.
Sweven at Cattai and Sunny Brae at Vaucluse will also appear as locations on Foxtel’s newest reality show, described as an access-all-areas pass into the world of luxury vacations.
The short stays are offered through the luxury home hotel service, Luxico, headed by Alexandra Ormerod.
The Rose Bay mansion sold last year for $38.5m, having been the dream home of David and Maxine Pacanowski, who spent six years building the residence.
They paid $6.825m in 2015, then commissioned Studio Johnston to design the five-bedroom, five-bathroom abode which was on the market for eight months.
It was listed with $40m expectations, with Jeffrey Mueller and his wife, Stephanie, from the Lowes Menswear family, emerging as the buyers last October.
It no longer appears on the Luxico website which boasts of managing over $1bn of luxury holiday property.
Luxico Group shareholders include real estate entrepreneur Dean Mackie.
Luxico prides itself as being a place where houses are worth tens of millions of dollars and the house-staff live (and die) by a single rule: “If a guest request is legal, make it happen”.
The staff include Jay Lam, the maintenance guy, who describes himself to his 15,000 followers on Instagram as a Gold Coast tradie, model, boxer and dancer.
The staff move to different properties around NSW including Sweven, the 57ha Cattai estate on the Hawkesbury River, which is available at $5500 a night.
Designed by architect Timothy Moon and completed in 2012, Sweven was sold in 2017 by billionaire Brett Blundy for $18.75m to the Song family, who founded the diversified Nanshan Group.
Dovecote, comprising The Headland and The Range, two luxury residences on 60ha, is priced at $3900 a night.
The residences were completed on the Werri Headland in 2017 by Bellevarde Constructions, and the accommodation was initially launched in 2018, by Jeffrey Simpson and Beau Neilson.
The dearest offering on Luxico is Makepeace Island, hosting up to 22 at $19,950 per night at Noosa, which was established by Sir Richard Branson and Virgin Australia co-founder, Brett Godfrey.
BLOCK DESIGNER’S BYRON BAY PAD PULLS UP SHORT
Pompano House, the Suffolk Park investment holiday home of The Block interior designer Darren Palmer and husband Olivier Duvillard, has been bought by Candice Rose O’Rourke, the founder of the Zulu & Zephyr lifestyle brand, and her husband Josh O’Rourke.
Its mid-week settlement revealed a $2.6m sale price taken by the Bondi Beach-based duo, representing a staggering $1.25m loss when it sold just before Christmas.
The four-bedroom, two-bathroom Beachside Drive abode had last traded at $3.85m in 2021 during the Covid pandemic-induced regional property boom.
It hit market with an initial $3.1m to $3.3m guidance last August.
It was then reduced to an asking range of $2.95m to $3.245m, and finally to $2.55m to $2.8m.
Held through DPTM Holdings, the four-bedroom home on 720sq m had been a popular $1500-a-night peak season rental during their ownership.
Located just 100m from Tallow Beach, it came with a path to the beach from its back gate.
PropTrack puts the median four-bedroom house price at $2.25m, having peaked at $2.7m in 2022.
The O’Rourke couple have recently sold their nearby Alcorn St property, Cream House, for $5,025,000 to Carly and Mitchell Roberts.
It had hit the market last May with $5.75m price hopes.
Built by Belcon Constructions, it was marketed as a zen-like coastal retreat designed by Byron Bay practice Davis Architects.
The single-level four-bedroom, two-bathroom home, Vogue-featured in 2021, sits amid Nicholas Ward landscaping.
“We designed our home for all stages of our lives,” she told Vogue.
“It’s a dwelling intended to accommodate the kids now while they’re active and young, but also when they’re teenagers wanting space and privacy.
“Eventually, it has to be suitable for us as pensioners as we plan to live here until then!”
NEWTOWN PROPERTY LOW QUOTE DENIED
The NSW Sheriff’s Office has denied there was underquoting with its auction offering at 26 Kent St, Newtown. The neglected single-storey semi fetched $1,606,000 last weekend, at $500,000 over its reserve, when offered by the BresicWhitney agency.
The price guide of the two-bedroom, one-bathroom dwelling was $1m with buyer’s agent Tina Clark alleging this week that it had been “underquoted”.
The Sell has established the official agency agreement had given a $1m to $1.1m estimated price range, but the practice of BresicWhitney is to only publish the lower price in its public guidance.
There was also no variation to the guidance during its abbreviated two-week auction campaign, during which BresicWhitney was unable to entertain pre-auction offers due to it needing to be sold at auction.
Newtown’s cheapest semi sale so far this year was $1,285,000 for a “well-appointed” two-bedroom, one-bathroom on a 70sq m O’Connell St holding.
The weekend listing of the 137sq m property, which had previously traded at $140,000 in 1990, arose from a 2018 deceased estate matter.
The NSW Sheriff’s Office was acting after the issuance of a writ that appeared on title after proceedings in 2019 by Catholic Healthcare in Sutherland Local Court over an unpaid debt now totalling $151,756.
Clark blogged there had been 53 registered bidders, although the Sheriff’s Office advised that 12 contracts had been taken. Some seven bidders competed for the keys.
“The NSW Sheriff’s Office has complied with all auction marketing laws and additional legislative requirements,” the acting sheriff, Daniel Gordon, said.
“The property’s guide price reflected its extremely poor condition, and the sale was conducted transparently through a public auction.
“It is a requirement that the NSW Sheriff’s Office sell the property by public auction. No consideration was given to offers prior to auction. The property was not underquoted. The extremely poor condition was a relevant factor to the quoted guide price,” Gordon said.
HENRIQUES STAYS CLOSE TO OLD PLACE
Sydney Sixers Big Bash cricketer Moises Henriques hasn’t moved far from his former matrimonial home in Clovelly, which he sold last spring.
Henriques has spent $4.4m on an original 1910 home just 600m away in Waverley.
The freestanding four-bedroom, two-bathroom home was selling for the first time in 35 years, having last sold for $385,000 in 1990.
It spans three levels that overlook level lawn on the 325sq m block.
The marketing suggested the home was a “once-in-a-lifetime find” to acquire a home of “this level of size, flexibility and privacy”.
Its lower level has an underhouse storage room and a cellar.
It is expected to be another building project for Henriques, who had paid $3,125,000 for an original 1930s home in Clovelly in 2019 before turning it into a striking five-bedroom home that secured $8.35m last October.
It sold after having a $7.5m guide.
It had been the home he shared with his former wife, one-time KIIS FM newsreader Krista Thomas. Henriques went public with his relationship with Channel 9 presenter Sophie Walsh last year.
Since selling in Clovelly, the Portuguese-born all-rounder has retired from first-class cricket.
He recently joined the Notts Outlaws in the Vitality Blast, the English T20 competition.
CAVANAGHS’ HOME LISTED
The Cavanagh yacht brokerage family, whispered to be the record $22.5m Cronulla waterfront buyers, have listed their Connells Point home.
It has been listed for June 28 auction through Mitchell Wynn at Highland Property.
The single-level plantation-style estate on 2168sq m is billed as one of the most prestigious Georges River waterfronts. They’re off to a three-level Sammut Group-built home on 764sq m.
MURRAYS AIM FOR HIGH $30M
The former Commonwealth Bank boss David Murray and his wife, Stephanie, have listed Lyndcote, their updated 1850s Hunters Hill residence.
The 4564sq m Stanley Rd property is tipped to fetch in the high $30 millions by local agent Adam Ross.
Murray bought the Charles Edward Jeanneret-built home from John and Kate Armati for $3.3m in 1999 and added a neighbouring property six years later.
$7.2M FOR OCEAN VIEW
A deceased estate home with ocean views from its 1018sq m Edgecliffe Boulevard, Collaroy Plateau, holding has sold for $7,225,000 at LJ Hooker auction.
Auctioneer Jake Downs took a $4.5m opening bid and announced it on the market at $5.75m. The five-bedroom, three-bathroom brick home had sold for $260,000 in 1987.
The property enjoys 35m and 40m wide dual street frontages.
Got a property news tip? Email jonathan.chancellor@news.com.au
More Coverage
Originally published as The Sell: Kurtley and Maddi Beale cutting final ties with Sydney
How much rate cuts will save you: each suburb revealed
Exclusive modelling shows how much money homeowners can expect to save in each area from imminent rate cuts. Use the interactive to see what you’ll get
Man arrested after woman found critically injured in Sydney unit
A woman is fighting for life and a man has been arrested after an alleged domestic violence incident in Redfern this evening.