James Tedesco’s two-storey townhouse up for grabs
Roosters captain James Tedesco has finally completed his boutique two-storey Lurnea townhouse project and is now seeking tenants.
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.
RELATED: Roosters bad boy’s $4m home for sale
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.
MORE: Sydney’s last affordable beach house for sale
Justin Hemmes plans next big move with $6.8m Woolworths buy
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.
MORE: ‘Jawdropping”: Australia’s best pools revealed
Albo’s home suburb sets huge new price record
$720k for this view? Is this Sydney’s best ever bargain home buy?
Originally published as James Tedesco’s two-storey townhouse up for grabs
‘Appalling’ secret uncovered in family rental
Shocking video footage reveals what was lurking in a family’s rental with the horror reality exposed when the lights went out.
$130m mystery over ‘Elton John’s Aussie home’
It’s the $130m+ mystery over one of Australia’s most unique, most luxurious and most expensive homes – that superstar entertainer Elton John wanted to call his own.
Instant homes: Millennials, Gen Z try game-changing home hack
In a bold move to counteract the housing crisis, young Aussies are embracing portable, affordable dwellings that redefine homeownership. But experts are divided on one key aspect of the movement.