Tennis star Nick Kyrgios selling Kensington apartment
Sporting superstar Nick Kyrgios is set for a $600,000 collect without setting foot near a tennis court.
Tennis player Nick Kyrgios is selling his three-bedroom Sydney bolthole.
The Kensington penthouse cost $1.6m in early 2022, the year he came closest to winning a major title when he was beaten by Novak Djokovic at Wimbledon.
Since its purchase in the tightly held 2006-built Capella complex, Kyrgios has renovated the kitchen, installed new flooring, and given it a fresh lick of paint.
The 130sq m Anzac Parade offering, with two car spaces, marketed as a “luxurious skyhome crowned with a huge rooftop entertainer’s terrace”, has $1.8m guidance for its June 14 auction through PPD agent Tristan Oddi.
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But Kyrgios’s vendor agent Jack Henderson has higher hopes. Henderson, the former tradie turned property adviser who founded Henderson Buyers Agency in 2020, sees considerably more upside.
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“Nick Kyrgios is about to become $600,000 richer thanks to the penthouse apartment we purchased him back in 2022,” Henderson posted to his 138,000 Instagram followers.
He noted the apartment was an “extremely scarce” double-storey space with city views.
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“Most people will tell you not to buy apartments for investments, that apartments are not great investments, but that is only true if you do not buy the right apartment,” Henderson advised.
“We bought the property for $1.6m plus stamp duty and costs at $64,000; spending a further $100,000 renovating for a grand total of $1.764m,” Henderson calculated.
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“Nick didn’t have to hit one tennis ball to make these dollars,” Henderson added.
Kensington has seen just 16 three-bedroom apartment sales in the past year, according to PropTrack – at a $1,457,500 median.
Capella prices hit $2.25m in 2022 for a four bedroom apartment.
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Originally published as Tennis star Nick Kyrgios selling Kensington apartment