Shane Warne's Brighton trophy home passed in at weekend auction

Shane Warne's Brighton trophy home passed in at weekend auction
Shane Warne's Brighton trophy home passed in at weekend auction

Cricket legend Shane Warne couldn't secure the weekend sale of his relisted Brighton home.

It came with lower price hopes than his expectations prior to Melbourne's COVID-19 pandemic lockdown.

Over the past week some 2,065 auctions were held across the nation's capital cities, down from 2,168 in the previous week.

Of the 1,704 results collected so far by Coreogic, 75 per cent reported a successful result.

Shane Warne's Brighton trophy home passed in at weekend auction

One year ago, 2,912 homes were taken to auction and 71 per cent of reported results were successful.

For the previous five weeks, the final clearance rate across the combined capital cities has averaged 70 per cent.

Melbourne had 874 auctions, down slightly from the previous week's 909, and substantially lower than the 1,520 this time last December.

So far, 731 auction results have been collected, returning a preliminary clearance rate of 73 per cent.

No sale for cricketing great Shane Warne.

The house passed in at weekend auction at $5.65 million with bidding from three parties after bidding opened with a vendor’s bid of $5.5 million.

It was marketed with a $5.8 million to $6.38 million price guide from JP Dixon agent Jonathan Dixon.

When listed pre-COVID-19 lockdown, the Newbay Crescent property came with a price guide of $6.8 million to $7.4 million.

Set on 662 sqm, the five bedroom, five bathroom French Provincial-style house has been recently renovated by Warne.

Warne paid $5.4 million for the home in early 201 when it was bought from the private investigator Anthony Thompson.

Thompson bought it for $4.2 million in 2015 from the Essendon legend Matthew Lloyd. 

Shane Warne's Brighton trophy home passed in at weekend auction

The Newbay Crescent home boasts a pool and spa, plus a home cinema, nightclub-quality bar, and wine-tasting room with space for 530 bottles.

Shane Warne's Brighton trophy home passed in at weekend auction

He announced the listing on twitter, “Yes we are selling our family home … Sad but I know this amazing house will make a family very happy and they will create their own amazing memories!”

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Brighton Shane Warne

Comments

Be the first one to comment on this article
What would you like to say about this project?