Home and Away star’s big gamble pays off

Hollywood actor Ryan Kwanten is set to reap a huge profit on a little investment he made when he was a Home and Away star 26 years ago.

Actor Ryan Kwanten is selling his Northern Beaches pad.

Actor Ryan Kwanten is selling a long-held northern beaches investment after 25 years ownership.

The True Blood star bought the Addison Rd, Manly studio apartment in 1999 when he was playing lifeguard Vinnie Patterson on the long running Home & Away. He paid $162,000 for the 28sq m unit, two years after he made his debut in Summer Bay following appearances on A Country Practice and Hey Dad.

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Ryan Kwanten is selling his long-held Manly investment. Picture: realestate.com.au

The studio apartment is being marketed as having excellent rental yield potential. Picture: realestate.com.au

The SAG Award nominee is set to star in the upcoming movie Primitive War alongside Tricia Helfer and Jeremy Piven. The sci-fi horror, based on the novel by Ethan Pettus, is set in Vietnam in 1968. It is about a recon unit known as Vulture Squad being sent to an isolated jungle valley to uncover the fate of a missing Green Beret platoon.

Kwanten’s unit is on the ground floor of the Regents Court complex, just south of the Manly Wharf.

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Ryan Kwanten. Picture: Michael Buckner/Getty Images

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The studio is being marketed by Rob Hedges of Sweetnams Real Estate as having excellent rental yield potential. The last time it was advertised for rent was in 2018 at $420 a week. It has been recently repainted and carpeted.

It has a sales guide of $550,000.

Studios currently are available at between $390 per week on Birkley Rd and $625 per week on Sydney Rd. Manly apartments typically rent out for a record $900 per week, reflecting an annual rental yield of 3 per cent, according to PropTrack.

The unit sits in this 1970s block.

The mid-1970s built block, with a swimming pool, has only had one studio sale this year, two doors along from Kwanten’s, that fetched $550,000.

Kwanten moved to California in 2004 and lives at Venice Beach with his partner, nutritionist and health coach Ashley Sisino.

Kwanten will still retain a foothold in the Sydney market as, since 2017, he’s owned an investment in Balgowlah. He paid $1m for that two-bedroom apartment.

MORE: Latest in home prices from PropTrack

Originally published as Home and Away star’s big gamble pays off