Sneaky Sound System's Connie Mitchell sells Potts Point investment
International music sensation Connie Mitchell has quickly cashed in her one bedroom Potts Point investment apartment accepting a $975,000 pre-auction offer.
The Sneaky Sound System singer paid $670,000 off the plan for fifth floor apartment in the historic Hampton in 2011 following the hotel's refurbishment.
Its sale price through McGrath selling agent Simon Exleton, who had an initial $850,000 price guidance, reflected a nice 7 percent annual price growth.
It had been a $650 a week rental for the past few years to the same tenant, showing a 3.5 percent yield.
Mitchell sold as she and husband, fellow Sneaky musician 'Black' Angus McDonald, have eyes on new digs in Mykonos, an island of Greece, where they relocated their popular Sneaky Sundays dance sessions.
They've been playing to a few thousand people Sunday nights on the beach at Scorpios given the couple spend an annual three month residency on the Greek island during the European summer.
The couple wed in Ibiza in 2015 and had their first child, Iggy Ajax McDonald, in August last year.
Of course Sneaky Sundays had previously been a long standing night at nearby Hugo's bar on Bayswater Road for 10 years, however the lockout laws around the area ended the night, and inevitably Hugo's bar.
Mitchell has spoken out against the lockout laws, but she is the beneficiary now as neighbourhood prices have soared.
The strip has seen a shift in its demographics to professionals, prompting Exleton to market the over-sized one bedroom apartment as coming with "New York style vistas offers East Village - Manhattan feel."
Angus also owned in the Hampton however sold for $725,000 in 2014, at just $8000 more than his off the plan purchase price.
Those proceeds went towards a second floor recording studio and swimming pool at their home in Bondi, which they intend keeping.
In 1996, when she was just 18 years old, Mitchell was a founding member of Primary, an Australian techno band.
She was briefly a vocalist for Machine Gun Fellatio before making her big break in 2004 when she joined Sneaky Sound System.
Angus McDonald and Daimon Downey asked Mitchell to become their singer when she was playing guitar with a friend in a park.
"I thought they were a bit dodgy... You know, two guys coming up to you, excited, jumping around a bit, saying 'Come to our studio'", she said.
Their breakthrough single came in 2006 with I Love It, which peaked a number 24 on the ARIA Singles Chart.
It was in the top 100 for a then record 73 weeks by January 2008.
Mitchell spent a few weeks in 2007 recording vocals for US rapper Kanye West in LA featuring on four tracks on his album, Graduation.
With Sneaky Sound System, Mitchell supported Robbie Williams and Scissor Sisters.
Mitchell has since appeared on albums by West, Snoop Dogg and Rick Ross.
They play annually at a New Year's Day party at Icebergs.
This article first appeared in the Sunday Telegraph.
