Collette Dinnigan offloads Paddington investment in a week

Collette Dinnigan has tidied up her Sydney investment property portfolio, as she nears completion of her Italian project.

No sooner had Dinnigan listed her redundant Paddington investment property than it has been snapped up for $2.3 million.

It was set to go under the hammer early December but sold in eight days after one weekend’s open for inspection through BresicWhitney Darlinghurst agent Ivan Bresic.

The family trust bought in boomtime 2017 for $2.25 million, showing in some cases prices are higher than their prior peak.

The 1900s, two-bedroom terrace was a $1200-a-week tenancy.

Dinnigan (above), who quit the fashion world after 24 years in 2014, turned to real estate with her entrepreneurial husband Bradley Cocks.

Over the past five years they have bought and sold more than $50 million worth of real estate, making them highly successful house flippers.

“I don’t lose money on my houses, although I always seem to go over budget,” she told The Weekend Australian’s The List — Best Mansions magazine.

“But people who buy a house I’ve renovated do so knowing that it is something that is really good quality and will stand the test of time.”

The couple are spending more time in Italy where they’ve been restoring a 100-year-old farmhouse in Puglia.

This article was first published in the Saturday Daily Telegraph.