The Sell: Fowler and Dalah seeking expressions of interest for Bellevue Hill apartment
The complex where glamour couple Georgia Fowler and Nathan Dalah are trying to sell their apartment has been hit with a work rectification order by the NSW Building Commissioner.
NSW
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Expectant Sydney couple Georgia Fowler and husband Nathan Dalah have abandoned the auction campaign of their Bellevue Hill apartment and switched to an expressions of interest marketing push.
Their end-of-spring sale desire was made all the harder by the up-market Palomar apartment complex having being hit with a building work rectification order by the no-nonsense David Chandler from the NSW Building Commission within Fair Trading NSW.
The order came after three inspections of the Drumalbyn Rd complex uncovered “serious defects” and “potential serious defects” concerning inadequate fireproofing and waterproofing from its recent construction.
The developer was required to undertake building work to remediate the issues within a three-month period but it remains on the Commission website, with assistant building commissioner Matthew Whitton noting several of the defects had yet to be fixed.
It was a month ago when The Sell wrote that the couple appeared to be steeling themselves for a loss-making sale at their subsequently pulled scheduled auction.
Prospective buyers had been advised of a downward price revision by listing agent Warren Ginsberg, who misread its resale pricing potential amid the unnerving rectification order.
The expectations dropped to $6.5m having been listed with $6.8m guidance. The couple paid $6.6m in a 2021 off-the-plan transaction for the ground-floor apartment with 401sq m on title with a pool.
There is 205sq m of internal space, 175sq m of garden with plunge pool, plus parking.
The couple, who attended the midweek GQ Man of the Year event, signalled in September they were expecting their second child.
ROOSTERS STAR GOING TO TOWN ON LURNEA RENTAL
Roosters captain James Tedesco has finally completed his boutique two-storey Lurnea townhouse project and is now seeking tenants.
The two-bedroom, one-bathroom townhouses are listed at $600 a week, with the three-bedroom, two-bathroom townhouses seeking $700 a week through Chiara Giannone at Marando Real Estate South West.
PropTrack puts Lurnea’s median house rental at $530 a week, up seven per cent over the past year, and at $480 a week for units up 2.1 per cent annually. It reflects an annual rental yield of 3.2 per cent for houses and 4.3 per cent for units.
Tedesco has been working on the development since 2016, when four years after his NRL debut, he told The Daily Telegraph’s Dean Ritchie about his plans to build a property portfolio preparing for life after football.
Tedesco had bought the 450sq m Hill Rd holding in 2015 for $750,000.
The value of the construction works was estimated to be $1.12m in its 2017 development application paperwork.
The Sydney Roosters star told Ritchie he was working on his property portfolio with the guidance of his father John and his property mentor Reno Santaguida.
“You hear a lot of stories about footy players getting a lot of money and wasting it,” Tedesco told Ritchie.
“I have targeted it around where I grew up.
“Property development is the best way to use your money. I am earning more money than the average person so I want to make the most of it while I can. At 23, I am maturing a bit and starting to know what is best for me.”
Tedesco retains his Menangle Park equestrian acreage, which cost $1m in 2015, along with a Toongabbie apartment that was bought in 2018 for $588,000.
He also owns in the boutique Marbella Rose Bay complex, with the $1.75m apartment put up for rent a few months ago at $1950 a week.
Tedesco sold his Spring Farm building block for $670,000 in 2018, having paid $348,000 in 2013 after securing development approval for a four-bedroom house with granny flat.
Last year, the NSW State of Origin captain and his then fiancee, Maria Glinellis, spent just over $5m for a 2013-built residence on the Hunters Hill peninsula.
The couple married in January this year.
THE BLOCK’S SPECIAL KS TO LET GO OF ANOTHER RENO
The Block couple Kyal and Kara Demmrich are selling their luxury Central Coast holiday letting.
Buyers have been given a price guide of $3,995,000 to $4,394,500 for Toowoon Beach House in the small Toowoon Bay enclave near The Entrance.
The $1400-a-night contemporary beach house started taking bookings in 2020. The serial renovators were on the eighth season of the Channel 9 reality show in 2012 – the Fans v Faves season – and came second behind Melbourne couple Chantelle Ford and Steve O’Donnell, winning $567,250.
They filmed the whole renovation, in which they turned the old brick home into a five-bedroom, two-bathroom home. The ground level has a lounge and rumpus space, with the main kitchen, living and dining area on the first level. The property is pitched at sleeping 16, because there are a further two bedrooms in the self-contained rear studio on the 675sq m Toowoon Bay Rd block 100m from the beach.
Kyal and Kara feature in the marketing, taking a tour through the beach house. There are two outdoor showers, an alfresco deck, outdoor barbecue area, and a kids’ cubby house. The sale comes with approved plans for a pool.
It is being marketed as a blissful dual coastal oasis by its local DiJones agents Craig Fisher and Julean Galasso via an expression of interest campaign closing on January 15.
Toowoon Bay, the small suburb near The Entrance, has seen only four sales at $4m or more. The Toowoon Bay record was set in late 2021 when a 2005-built beachfront with five bedrooms and a pool sold for $9m.
Kyal and Kara, who have two children, have a house in Bateau Bay, about 3km away and known as the Blue Lagoon House, which they bought in 2014. They have almost finished a nearby brand-new duplex and mooted the possibility of the next adventure being “around the corner”.
This is no surprise because Kyal and Kara have completed more than 35 renovation projects.
SEEKING $50M DEAL FOR POINT PIPER
Former Central Coast used car dealer Tony Denny is seeking about $50m for his Point Piper trophy home, about three years after he bought it for $19.5m from dentist Le Tran.
It ranked as 2020’s 13th dearest when the Wentworth St home sold through Black Diamondz agent Monika Tu, who was spotted hosting opens at the three-level home.
At an ambitious $50m, it would sit in fifth place on 2023’s preliminary top sales list, which has the tightly-held Point Piper struggling with turnover when compared to the persistent run of stellar sales atop Bellevue Hill. Both on and off the water, Point Piper vendors await buyers including adman Geoffrey Cousins and surgeon Bill Roney. It is third-generation flower businessman Leo Lynch and his wife Christina’s mortgage-free $76m purchase of the Federation mansion, Leura, in Bellevue Hill from yachtie Wilson Lee that has so far topped the year’s known sales. The Lynchs then secured $61.5m for their nearby redundant home when it sold to freight industry boss Arthur Tzaneros, who still awaits a buyer of his Vaucluse home.
The yet-to-settle $68m sale of Mainhead on Point Piper by Rebecca Lacey and Simon Ehrlich, reputedly to the Champion family, ranks in between these hillside sales.
The next priciest sale was when Sydney FC owner Scott Barlow and wife Alina secured $60m for their Point Piper home Akuna when it sold to Vaucluse resident Hoang Trang Do. The Barlows have recently spent $40m on Queens Ave, Vaucluse.
PACKER MATE OFFERS CROWN APARTMENT
Ben Tilley, the right-hand man of expatriate billionaire James Packer, has put his apartment at Crown Barangaroo up for lease at $5500 a week.
Tilley purchased the 170sq m apartment, on the 51st floor, for $8.9m in 2021.
The marketing by Tim Breckell at Vanguarde noted its interiors were by Meyer Davis, the New York City-based designers.
Tilley has been gone from Sydney for many years now, spending much of his time on IJE, Packer’s yacht, which was last spotted in the Balearic Sea near Barcelona.
Decades ago Tilley took over from his father Barry as tycoon Kerry Packer’s good-luck charm, accompanying the mogul in casinos across the world.
With James Packer’s trips back to Sydney a rarity nowadays, there are whispers Packer could offload his two-floor Crown apartment, but presumably not until the complex secures a sellout.
Meanwhile Tilley’s ex, decorator Tiffany Tilley, has yet to sell her Woollahra terrace, which has been listed just 18 months after it was bought for $3.32m.
She wants $4.9m for the Alton St offering, now with a Marco Meneguzzi redesign.
Coming with a Parisian-style courtyard, the two-bedroom home has three sunrooms, but no parking.
O’REILLY BACK IN PADDINGTON
Model-turned-environmental scientist Ilse O’Reilly, the former wife of Irish media scion Cameron O’Reilly, has bought back into Paddington.
The London-based O’Reilly bought from Simon and Gabrielle Gunnis for $6.7m.
The property developer had bought it in July last year for $6,250,000 from Sam Wagner, who had commissioned a Marco Meneguzzi fit-out.
The Gunnis couple are off to a $6.2m Edgecliff apartment.
O’FARRELL RIGHT AT HOMESDALE
Homesdale, the historic Church Point residence, has been sold for $7.35m to Richard O’Farrell.
The McCarrs Creek Rd abode had been given a price guide of $7.2m to $7.9m by film director Bruce Hunt and his artist wife Therese, who secured it for $2.89m in 2001 from the late Carol Willesee. The most notable previous resident was director Peter Weir, who shot his first film, Homesdale, at the Pittwater property in 1971 when he was a tenant.
ANGEL OF GAP’S HOME SOLD
The Vaucluse home of the late Don Ritchie sold amid the near 40C heat of Saturday’s auction for $7.16m.
It was the longtime home of Sydney’s “Angel of The Gap”, who helped save the lives of many people who planned to jump from the nearby cliff. It’s set on its two-title 505sq m Old South Head Rd curved block.
McGrath agents Craig Pontey and James Ledgerwood had it on the market at $7.1m.
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