David Warner and his wife Candice have bought a knockdown in Maroubra

CRICKETER David Warner and his wife Candice have bought an ocean-side knockdown for almost $4 million in Sydney’s eastern suburbs.

The almost $4 million knockdown on Mermaid Ave, Maroubra.

Cricketer David Warner and wife Candice have splashed out almost $4 million on a Maroubra knockdown.

The four-bedroom house on Mermaid Ave was on the market for 12 days before the couple snapped it up on Wednesday, December 2.

McGrath Edgecliff selling agent Simon Exleton said while the price was confidential, it sold for closer to $4 million than its $3.5-$3.75 million price guide.

“We issued six contracts with three serious buyers making offers above the price guide,” Mr Exleton said.

“Dave outbid them … he did everything right and stepped up and secured it.”

Mr Exleton said the couple who are parents to 15-month-old daughter Ivy Mae, had been house hunting for some time and intend to knock down and rebuild the Mermaid Ave home.

They anticipate that it will be a two-year project.

Warner, Falzone and other interested buyers were keen on the property because of its ocean-side location, its almost 900sq m land size and never to be built out views.

David and Candice Warner with their daughter Ivy Mae Warner. Picture: Justin Lloyd

The home has views of Lurline Bay.

The family will embark on a two-year project to knockdown and rebuild the home.

The property has views of Lurline Bay and has previous DA approval for a four-level, 550sq m house designed by architects Tobias Partners.

The pair are currently South Coogee residents, having bought a clifftop home in January 2014 for $6.25 million.

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The home features panoramic ocean views and was previously owned by property developer Carly Crutchfield and had been tenanted by Kylie Minogue, Natalie Bassingthwaighte and the cast of Jersey Shore.

The Warner’s South Coogee during its 2013/2014 campaign.

In October last year, Warner sold his two-bedroom Maroubra apartment for $650,000, five years after buying it as a first homeowner.

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According to CoreLogic RP Data, Warner also owns two apartments on Bunnerong Rd in Matraville, the suburb he grew up in.

He is preparing to face the West Indies in Hobart.

The couple have been house hunting for some time.