VIC Shane Warne has done well flipping in Brighton

Discussion in 'Where to Buy' started by val, 21st Apr, 2018.

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  1. val

    val Well-Known Member

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    Shane Warne keeps it local, buys another pad in Brighton for $5.5m

    Shane Warne has snapped up another slice of Brighton real estate, this time splashing $5.5 million on a lavish trophy home.

    The high-profile sports figure has bought and sold a string of multimillion-dollar mansions in the exclusive bayside suburb, and netted huge windfalls.

    News of the secretive off-market deal comes just months after the 48-year-old cricket legend offloaded a sprawling 3014-square metre estate in the neighbourhood for about $20 million, just 18 months after he bought it for $14.25 million.

    Shane Warne's new Brighton pad.

    On the prowl for a new luxury pad, Warne kept his sights local and bought a property owned by Melbourne private investigator Anthony Thompson.

    It’s understood the five-bedroom, three-bathroom property was withdrawn from sale late last year after Warne swooped in with a knockout offer. Industry sources said he struck a deal with Thompson for about $5.5 million.

    Thompson paid $4.2 million for the property in 2015, when he bought it from ex-Essendon captain turned AFL commentator Matthew Lloyd.

    Warne paid a rumoured $5.5m for the house earlier this year.

    A former policeman and business partner of Sam Newman, Thompson was last year under investigation by Victoria Police for seeking confidential information from the police force.

    On about 600-square metres, Warne’s new purchase is considerably smaller than his former address. The neo-Georgian mansion is set over two storeys but also features a basement level with a home theatre and garaging for four cars. Outside, decking overlooks a large pool with adjoining spa.

    The spin king turned media commentator has been a major player in Brighton’s luxury property market for two decades.

    Warne is known for splurging on extravagant additions, such as having a swimming pool emblazoned with his playing number, 23.

    A timeline of his property transactions reveals his appetite for flipping Brighton real estate has been extraordinarily lucrative.

    1996: The beachfront home at 102 Esplanade is bought by Warne for $902,000.

    2000: After renovations, 102 Esplanade fetches $2.61 million.

    2000: Warne and Simone Callahan pay $3.6 million for a circa-1880 Victorian residence at 32 Middle Crescent, and reportedly spend a similar sum in renovations.

    2007: The couple sell the Middle Crescent mansion for $8.8 million.

    2007: For $3.7 million, Warne scoops up the five-bedroom house at 16 Park Street.

    2009: The Park Street property sells for $6,775,000.

    2009: Warne forks out $7.55 million on heritage-listed residence at 6 William Street, which he goes on to share with Elizabeth Hurley after he splits with Callahan.

    2013:The William Street mansion sells for $10.85 million.

    2014: Warne spends $3.95 million on mini-manor at 11 Kinane Street.

    2016: In a move that made headlines, Warne buys back 32 Middle Crescent for $14.25 million.

    2016: 11 Kinane Street sells for $5.35 million.

    2018: Warne offloads 32 Middle Crescent for about $20 million.

    2018: Warne buys a nearby property for about $5.5 million.
     
  2. val

    val Well-Known Member

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    This property at Middle Crescent looks like it was his favourite plus it made him some coin

    Property Report for 32 Middle Crescent, Brighton VIC 3186

    2000: Warne and Simone Callahan pay $3.6 million for a circa-1880 Victorian residence at 32 Middle Crescent, and reportedly spend a similar sum in renovations.
    2007: The couple sell the Middle Crescent mansion for $8.8 million.
    2016: In a move that made headlines, Warne buys back 32 Middle Crescent for $14.25 million.
    2018: Warne offloads 32 Middle Crescent for about $20 million.
     
  3. TMNT

    TMNT Well-Known Member

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    He's the typical representative of a bogan in my mind..

    But he does damn well with a lots of things
    Including classy women, property, investment


    Respect
     
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  4. Gockie

    Gockie Unicycle - get exhausted but never two tired Premium Member

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    I'm just thinking about all the stamp duty he paid too. But the properties did really well for him.
    Ps. I'd keep a 1880's property. They are rare....
    Edit: That 32 Middle Cresent Property... Wow. Very nice.... Without walking into it and inspecting it in person, i'm thinking very good work with that reno.
     
  5. MikeyBallarat

    MikeyBallarat Well-Known Member

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    Us bogans aren’t all that bad mate :)
     
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  6. NG.

    NG. Well-Known Member

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    That’s a pretty short term view on it right?

    Guessing here that these are all purchased as owner occupied thus capital gains tax free!

    Look at the buy and sell price, any one would gladly pay the government their duty with the returns he has received in average 4-5 years!!
     
  7. Harry30

    Harry30 Well-Known Member

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    Middle Crescent is very nice, but of course not in Brighton’s ‘Golden Mile’. Brighton almost 4 different ‘suburbs’. East of Neapean Highway is the cheapest (Brighton East). Then there is Brighton between Neapean Highway and StKilda St. Here you find streets like Middle Crescent which are some of the nicest in the area. Move west of StKilda Rd and you are into the Golden Mile, where there is no main Rd between you of the beach. This is a further step up. Most property is between $3m-$5m. Then within this Golden Mile, you almost have a 4th enclave, which is the absolute beachfront properties. Walk along the beach front and you get a good view of these. If you are a regular walker along the beach, I am sure you would have your favourite. Often held in the one family for long periods. Properties start at about $10m, with the most impressive seeing prices upwards of $25m.
     
  8. Harry30

    Harry30 Well-Known Member

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    B476469E-FC77-4490-92D0-F02E1522B4BF.png
    This sold >$20m. Absolute breachfront. Not quite my cup of tea.
     
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