The Sell: Nathan Cleary offloads investment property close to Penrith Station
NRL star Nathan Cleary has offloaded an investment property set close to Penrith Station.
NSW
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NRL star Nathan Cleary, who is set to play in the Las Vegas season opener after a speedy recovery from shoulder surgery, has offloaded an investment property in Penrith.
The longtime Panther quickly sold the apartment in the Thornton Central precinct for $660,000 earlier this month.
The near-100sq m, two-bedroom, two-bathroom Aviators Way apartment, set close to Penrith Station, has been a rental. It has a kitchen with an island bench and stainless steel Omega appliances. There was also a study nook.
PropTrack puts the two-bedroom median at $550,000, up 4.8 per cent annually after 225 sales.
The sale was secured through Paige Oliver at the Ray White Nepean Group. It sold to a local owner-occupier, although Oliver advised investors it had a $650-a-week rental potential.
PropTrack calculates two-bedroom Penrith apartments typically rent for $500 a week, reflecting a gross rental yield of 4.8 per cent.
Cleary bought the apartment in 2016 off the plan, two years before its completion by St Hilliers and joint venture partners First Point.
The building, Pavilions East, is one of four in the $450m Thornton Central precinct which comprises more than 1000 apartments and a retail precinct.
Cleary, the 27-year old four-time premiership winner is quite the entrepreneur, especially invested in Sydney’s west. There’s his stake in Freddy’s, a sports bar on High St, Penrith, named after former Panther Brad Fittler.
He is also a shareholder in Drink West, the Penrith-based beer company, through his company Crackles Investments.
Cleary has owned in the west since 2018 when, off the back of signing a five-year contract extension at the Panthers, he spent $1.05m on a renovated 1970s home, just a few days after his 21st birthday.
He called that home until two years ago, when there was an internal transfer of the family home into his name, at a value of $1.7m. The four-bedroom home on the Nepean River was bought by dad, and coach, Ivan Cleary, for $1.175m in 2013 during his first stint as Penrith coach. Nathan has since renovated the home, showcasing several images of the upgrade by Alicia Xiberra Interiors.
SCOTT’S SHIRE BLOCK IS NOW A CLEAN SLATE
Former Prime Minister Scott Morrison’s accidental photo album donation to the local Salvos store at Rockdale arose after his family house in the Sutherland Shire has been cleared out and demolished.
After the photo album buyer cheekily posted its content on TikTok, Morrison noted midweek the loss of the album was “a bit embarrassing” and the family “really would like it to be returned”.
“It was a private album mistakenly and unknowingly included in a box of items we donated to the Salvos,” he said.
Morrison did not explain the reason the family were making sizeable charitable donations, but it came ahead of the demolition of the single-storey house on its 700sq m lot.
Now busy working post-politics in his roles with Dubai engineering firm Sidara and Boston-based DYNE Maritime, his Shire abode is getting a $1.049m knockdown-rebuild. The street signage shows the demolition was undertaken by Atlas Demolition with minimal earthworks now underway.
The couple are set to get a two-storey, five-bedroom, two-bathroom house plus powder room designed by G.J. Gardner. With 306sq m space, it is an adaptation of their Castaway 370 Palm Springs model. The kitchen comes with butlers pantry. There will be two linen cupboards.
There will be a gas barbecue on a 40sq m alfresco deck, plus 18 rooftop solar panels and a 5000-litre water tank.
Morrison’s first property purchase cost $330,000 in Bronte in 1995 and then, with wife Jenny, they upgraded to the Shire in 2009 for $920,000.
Morrison’s replacement as the Member for Cook, Simon Kennedy and his wife Nila, have moved into a rental property at Woolooware. Their Maroubra home, set on the oceanfront with views over Lurline Bay, was leased at $2500 a week.
BETTER HOME AND GARDEN 400M MOVE FOR TV COUPLE
Better Homes and Gardens celebrity gardener Charlie Albone and his wife, interior designer Juliet Love, are upgrading in Maroubra where they have spent $4.4m on a three-storey home.
The couple sold their nearby redundant home mid-week for around $3.85m before yesterday’s scheduled auction. They will be moving just 400m, but slightly further away from the ocean.
Albone and Love bought a two-storey red-brick semi for $2,355,000 in 2019 which they transformed into a weatherboard coastal style home after securing planning approval in 2021. Their renovation included installing a pool and spa on the 324sq m Duncan Street block.
The interiors are by Love, who is a design presenter on the show.
“We’ve spent the past four years designing and perfecting this house,” they told their social media followers.
“A healthy home is really important to us, so we’ve added a whole house water filter, magnesium pool and a beautiful award-winning garden in which to relax.”
They plugged its listing using Flo Rida’s My House as the backing track.
Described as an “idyllic coastal sanctuary with award-winning gardens”, the four-bedroom residence came with initial $3.4m price guidance, which was raised to $3.6m.
There’s been no price reveal following the sale by Ray White agent Randall Kemp, who was spotted amid the negotiations in the lunchtime queue at Cross Section in McLachlan Ave, Darlinghurst, where the sandwiches start from $16.
But the couple have bought a Mediterranean-style home on a 348sq m corner block some 450m from Maroubra Beach.
It has views to Muraborah Reserve, the nearby off-lead dog park.
It had been the double-brick home of the Argirellis family since being built in 1989 after the block cost $242,500.
Its lobby comes with handcrafted Swarovski crystal chandeliers and imported marble staircase.
RABBITOH BURROWS DOWN IN INJURY TIME
As his new home build gathers momentum, injured South Sydney Rabbitohs captain Cameron Murray is selling his Clovelly investment apartment.
Murray, who is tipped to miss part of the NRL season after suffering a suspected ruptured Achilles tendon at training this week, is taking his apartment opposite the Clovelly Hotel to auction Sunday morning.
The auction has been brought forward a week apparently due to a strong buyer interest.
Buyers were given $1.8m initial guidance through Sydney Sotheby’s agent Mark McPherson.
Murray paid $1.25m for the two-bedroom, two-bathroom apartment in 2019, when bought just after his 21st birthday.
Set in a 1940s pet-friendly block of four, the apartment has a rear north east courtyard.
Marketed as “low maintenance beachside living,” it is 100m from the beach.
The last sale in the tightly-held block came in late 2023 when another two-bedder sold for $2m.
PropTrack calculates after 21 sales in the past year the median two-bedroom Clovelly apartment is $1,725,000, down on its $1.81m peak last March, but well up on its $1.2m median around the time of its purchase.
Murray is building a duplex in Matraville with fiancee Miranda Cross. They paid $3.1m for the 710 sq m block in late 2022.
Murray has been at Souths since 2017 having played junior footy at the Mascot Jets.
REYNOLDS IN COURT FIGHT ON CHILDCARE SITE
Former NRL champion Josh Reynolds finally got his day in the Land and Environment Court against Canterbury-Bankstown Council midweek when seeking approval for the construction of a two-storey Belmore child care centre above basement parking.
The retired five-eighth lodged the plans in late 2023 for the Plimsoll Street site, shortly after his final game for the Canterbury Bankstown Bulldogs.
His Janssen Group-designed application for places for 70 children was rejected last July.
Reynolds had bought the first red-brick house for $630,000 in 2012, then added a granny flat and leased the property. He bought the adjoining three-bedroom house for $1.2m in 2018.
All up it was before the court five times. The grounds for initial refusal were manyfold including visual and acoustic privacy and traffic and parking.
Council had Mark Bonnano, from Lindsay Taylor Lawyers, fronting up against Christopher Nehme for Reynolds.
The negotiations guided by Reynolds’s town planner Jonathon Wood at Think Planners saw Reynolds concede six child care places during the 20-minute conference held midweek.
Reynolds has been a property developer since his playing days.
LEAFY VISTA TO GROW INTEREST
Acclaimed artist Cressida Campbell and her photographer husband Warren Macris have listed their Woollahra investment property.
The garden apartment with leafy aspect has been listed for a March 15 auction through Pauline Goodyer at Goodyer Real Estate with a $1.5 million guide.
The two-bedroom, one-bathroom apartment is set in Wilber, a Chester St block of five.
MARRICKVILLE MASTERPIECE
Archibald Prize-winning artist Guy Maestri has sold his renovated Marrickville home for $3.31 million through BresicWhitney agents Rhonda Yim and Shannan Whitney.
Maestri bought the original 1920s Neville Street home for $1.96 million eight years ago before reconfiguring and extending the interior.
There are now two separate living rooms, one of which opens on to an alfresco patio with built-in barbecue.
HOME IN NEED OF INFLUENCE
Influencer Nadia Fairfax-Wayne and her financier husband Michael Wayne have spent $11.5 million on an unrenovated 1920s Centennial Park bungalow.
It is set on a 750sq m Robertson Rd holding.
The June 2024 off-market deal was with the Nguyen family.
The Waynes sold their 1880s Bent St, Paddington terrace Cawdor for $6.1 million last year.
Got a property news tip? Email jonathan.chancellor@news.com.au
Originally published as The Sell: Nathan Cleary offloads investment property close to Penrith Station
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