Renowned Australian cricketer, Steve Smith, has successfully made another score in the realm of property investment. On February 6th, Smith sold a meticulously renovated home located in the picturesque suburb of Bronte, Sydney. The transaction was completed via private treaty, with initial price expectations rumored to be around $7 million. However, the final sale amount remains shrouded in confidentiality.
The Transformation Journey
Smith’s journey with this property began in 2019 when he purchased it for a sum of $3.5 million. At the time, it was a modest three-bedroom Californian bungalow. With a keen eye for detail and an appreciation for luxury, Smith transformed this humble abode into a dream family home. The renovated property now boasts bi-fold glass doors, a saltwater plunge pool, a sage green kitchen, expansive living areas, oak flooring, and stenciled plaster walls.
A History of Successful Flips
This sale is not Smith’s first successful property flip. He boasts a history of lucrative property investments, including the sale of a mansion in Vaucluse which he managed to sell for an impressive $12.38 million. The initial public price guide for this property was undisclosed, but it attracted strong interest around the $12 million mark. Smith and his wife have developed a knack for renovating and reselling properties, with their portfolio including homes in Balmain and Balmain East.
Juggling Cricket and Property Investment
While making strides in property investment, Smith has not lost sight of his primary passion – cricket. He is currently preparing for his role in the 15-player squad for Australia’s T20 series against New Zealand. Balancing a successful cricket career with property investment demonstrates Smith’s versatility and determination.
