Socialite finally rid of Kings Cross pad

Socialite Kate Waterhouse has finally offloaded her long-term Kings Cross pad.

Socialite Kate Waterhouse has finally offloaded her Kings Cross pad. Picture: Getty

Socialite Kate Waterhouse has secured $955,000 for her Potts Point investment property which was twice scheduled for auction earlier this year.

It was listed with $900,000 to $990,000 guidance.

The open-plan William St apartment was bought in Waterhouse’s company entity for $525,000 in 2010 some four years after Sydney Confidential wrote about her blossoming relationship with former Rooster Luke Ricketson.

They married in June 2012 at San Guiseppe on the coast of Italy.

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Socialite Kate Waterhouse secured $955,000 for her Potts Point investment property

The two-bedroom, one-bathroom apartment has 50sq m space with a balcony.

These days Waterhouse and her insurance broker husband reside at a luxurious home fronting Balmoral Beach bought for $17.8 million in 2020.

The two-bedroom, one-bathroom William St apartment has 50sq m space with a balcony. Investors had been advised it could fetch between $950 and $1050 a week in rent.

The 1998 building is at the top of William St in the shadow of the flashing iconic Coca-Cola sign through its leafy treescape vista.

The cash buyers were Dianne Blazley and Evan Lee.

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Kate Waterhouse.

It has a leafy view to the street.

Local agent Jason Boon says Potts Point ranks seventh among the Sydney suburbs for cash buyers, with the percentage of purchasing without a mortgage sitting at 44 per cent.

PropTrack put the two-bedroom median apartment price snapshot at $1,402,500 – which is up 7 per cent over the past year after 56 sales.

The cheapest sale so far this year was a $330,000 studio bought in The Cresent on Bayswater Rd without any registered mortgage by brand coach Peter Drinkwater. The furnished 26sq m space had been listed as a $430-per-week rental by Little Real Estate agent Nick Scognamiglio.

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PropTrack put the two-bedroom median apartment price snapshot in Potts Point at $1,402,500.

The dearest sale was the $13.46 million paid when artist Judy Garb Weiss and her husband Sam Weiss, the former COO for Nike Europe, bought from Andrew Isles of the A. Royale & Co homewares distributor business in Manar through Maclay Longhurst of Sotheby’s.

They have a Westpac mortgage.

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Originally published as Socialite finally rid of Kings Cross pad