PHOTO: Socialite Kate Waterhouse. GETTY
Kate Waterhouse Secures $955,000 for Potts Point Investment Property
Socialite Kate Waterhouse has secured $955,000 for her Potts Point investment property, which was twice scheduled for auction earlier this year. It was listed with $900,000 to $990,000 guidance.
Socialite Kate Waterhouse secured $955,000 for her Potts Point investment property
The two-bedroom, one-bathroom apartment has 50sq m space with a balcony.
Property Background
The open-plan William St apartment was bought in Waterhouse’s company entity for $525,000 in 2010, some four years after Sydney Confidential wrote about her blossoming relationship with former Rooster Luke Ricketson. They married in June 2012 at San Guiseppe on the coast of Italy.
It has a leafy view to the street.
Property Features
The two-bedroom, one-bathroom apartment has 50sq m of space with a balcony. Investors had been advised it could fetch between $950 and $1050 a week in rent. The 1998 building is at the top of William St in the shadow of the flashing iconic Coca-Cola sign through its leafy treescape vista.
PropTrack put the two-bedroom median apartment price snapshot in Potts Point at $1,402,500.
Current Residence
These days Waterhouse and her insurance broker husband reside at a luxurious home fronting Balmoral Beach, bought for $17.8 million in 2020.
Buyer Details
The cash buyers were Dianne Blazley and Evan Lee.
Potts Point Market Insights
Local agent Jason Boon says Potts Point ranks seventh among Sydney suburbs for cash buyers, with the percentage of purchases without a mortgage sitting at 44 per cent. PropTrack put the two-bedroom median apartment price snapshot at $1,402,500, which is up 7 per cent over the past year after 56 sales.
Notable Sales
The cheapest sale so far this year was a $330,000 studio bought in The Cresent on Bayswater Rd without any registered mortgage by brand coach Peter Drinkwater. The furnished 26sq m space had been listed as a $430-per-week rental by Little Real Estate agent Nick Scognamiglio. The dearest sale was the $13.46 million paid when artist Judy Garb Weiss and her husband Sam Weiss, the former COO for Nike Europe, bought from Andrew Isles of the A. Royale & Co homewares distributor business in Manar through Maclay Longhurst of Sotheby’s.
SOURCE: NEWS.COM.AU