Kerryn Phelps relists Potts Point investment apartment

Former independent Member for Wentworth Dr Kerryn Phelps and wife Jackie Stricker-Phelps are again seeking buyers for their Potts Point ­investment apartment.

They initially put the two-bedroom apartment in The Rex building up for sale last year, but it was pulled from its December auction, when they were seeking $1.68 million.

This time round Phillips Pantzer Donnelley agent Debbie Donnelley has a $1.45 million to $1.55 million price guide for its October 8 auction.

The apartment has two levels with 127sqm space with views across Fitzroy Gardens and a car space.

The couple paid $715,000 in 2008, which was less than its $780,000 off-the-plan price in the block ­designed by Burley Katon Halliday in 2004.

There was a $1.4 million two-bedroom sale last month which was first sold at $750,000 in the Denis O’Neil-developed complex.

The couple will be hoping to ride the wave of price growth that has seen Dame Nellie Melba’s former old-style Macleay St apartment nearby under offer for a rumoured $6.625 million.

The apartment last sold for $4 million in 2016, but there had since been an ­extensive Xavier Hinde renovation, which included the purchase and utilisation of roof space, by the Burrell family from Adelaide.

Melba’s residency was in the early 1930s.

This article first appeared in The Sunday Telegraph.