Rugby league legend Steve Mortimer to sell Woollahra apartment
Rugby league legend Steve Mortimer will be hoping finals fever helps the sale of his Woollahra investment apartment, which has an $850,000 price guide ahead of an October 15 auction.
Mortimer, who lives in Illawong, has a range of investment properties but thinks now is a great time to be selling the two-bedroom apartment at 9/370 Edgecliff Rd that he bought for $720,000 in 2012.
“It’s a good little unit,” Bradfield Cleary’s Mark Daley said. “The big bonus is that it has a lockup garage with internal access to the foyer, so you don’t get wet when it rains.”
John McGrath sells his stunning penthouse
Filmmaker selling in Bronte
Mortimer, nicknamed “Turvey” after Turvey Park in Wagga where he was born and made his name as a junior, played eight Tests for Australia and made 16 appearances for NSW in the 1970s and 80s.
The former rugby league halfback played 272 first grade games between 1976 and 1988 for the Canterbury-Bankstown Bulldogs, captaining them to premierships in 1984 and 1985, while also a member of their 1980 and 1988 victories.
The ‘70s-era renovated two-bedroom 74 sqm flat is at the rear of a refurbished block of 16 and is on the first floor.
It has a modern kitchen with laundry facilities and a combined lounge and dining area that flows to a balcony.
The bathroom, too, has been updated and has a tub.
The master bedroom has a built-in wardrobe.
The apartment’s in a popular location that’s close to both the Edgecliff Centre and Westfield at Bondi Junction.
“It’s a solid block with good rent,” Mr Daley said.
The property has been repainted and styled ahead of the sale.
The current rent is $720 a week, but he believes it could fetch $750 a week.
He’s unsure whether the buyer will be a first homebuyer or an investor.
“We sold one in Double Bay last Tuesday and we had four bidders register and three of them were investors, so investors are coming back,” Mr Daley said.
“But if I had to bet, I’d say it will be a homeowner with this one.”
It’s not as if Mortimer is selling to downsize his portfolio — he’s intending to use the proceeds to reinvest elsewhere.
He and wife Karen bought their Illawong home with Woronora River views in 2010.
They bought ‘Pyree Park’, a blue stone cottage on 13ha with established gardens near Goulburn, as a weekender for $715,000 last year.
Elders agent David Medina had a $650,000-plus guide for the property, which was an old schoolhouse dating from the 1890s.