Diners reckon bookie Tom Waterhouse behind $11 million plus Balmoral beachfront buy
The bookmaker Tom Waterhouse has been pinpointed as the likely buyer of the beachfront Balmoral residence snapped up recently at $11 million plus within two weeks of its listing.
The rumours began after nearby beachfront diners advised sighting the young Waterhouse heading into the property after the Woods family posted the sold sign last month.
The new Australian head of William Hill's operation has long loved the Balmoral promenade, along with other members of the racing industry family, so just who will get to occupy the home remains unconfirmed by the close knit clan who started taking bets in 1898.
Given it was in midst of the Melbourne Cup carnival, the busiest time of the year for the family, Property Observer presumes the occupant will become clearer on settlement.
But Waterhouse, who is the fourth generation of Australia's most famous bookmaking family, and wife Hoda, who had their first child daughter Rose in May last year, are in need of suitable accommodation.
It is 918 square metres of terraced tropical gardens with a 1930s home redesigned in the early 1990s by architect builder Ian Reeler.
Property Observer reported it sold before offers were due to close 11 November through Richardson & Wrench Mosman. Its sale preceded publication as the SMH Domain House of the Week.
Inspectees were told more than $11 million would secure the property 4 Wyargine Street, Mosman (pictured above) last sold in 1983 for $550,000.
A harbourfront Curraghbeena Road, Mosman, trophy home holds the Mosman mantle for 2014's top sale this far when sold for $16.3 million by Nick Bain, former head of infrastructure at Allco Finance and now chief executive of Graphite Energy, and his wife Katherine.
There are growing concerns anorther prestige nearby Mosman sale is reputedly unlikely to proceed to settlement given the buyer's share holding value in a publicly listed company has tanked since exchanging contracts in early spring.
Apartment prices along the foreshore reserve strip have been strong with a two-bedroom apartment sold for $1.46 million at auction last Saturday, $210,000 above the reserve of $1.25 million. It last traded for £8,750 in 1964.
Four bidders sought the top-floor apartment with balcony and car park.