The revised indicative price guide of approximately $15 million represents a discount of more than $5 million compared to original market expectations. Michael Clarke initially acquired the 784-square-metre Vaucluse residence in 2021 for $13.01 million following the division of his prior marital assets. The five-bedroom home features extensive high-end renovations, including heated limestone flooring, a dedicated home cinema, a gym, and a Tuscan-style outdoor cabana. Paul Biller and Ben Torban of Biller Property are handling the upcoming auction campaign.
Key points
The luxury Vaucluse residence is scheduled to go under the hammer on December 5 after lin…: The luxury Vaucluse residence is scheduled to go under the hammer on December 5 after lingering on the market for nearly a year.
Clarke is offloading the home after securing a larger six-bedroom Vaucluse estate for app…: Clarke is offloading the home after securing a larger six-bedroom Vaucluse estate for approximately $20 million.
The auction price guide indicates the seller is willing to accept a roughly 25 percent re…: The auction price guide indicates the seller is willing to accept a roughly 25 percent reduction to achieve a sale.
Sources checked by our analysis pipeline: 1
A prized address, a lavish renovation and a multimillion-dollar price adjustment have put former Australian cricket captain
Michael Clarke’s Sydney property back in the spotlight. According to the latest reports, the cricket star is preparing to part ways with his renovated Mediterranean-style mansion in Vaucluse. The luxury residence is now heading to auction at a significantly revised price after spending almost a year on the market. The latest listing signals a fresh attempt to secure a buyer for the property, which was initially expected to attract offers exceeding $20 million.
A fresh start for the Vaucluse mansion
According to Real Estate, Clarke’s five-bedroom residence on Olola Avenue, in Sydney’s prestigious eastern suburbs, has a new selling agent, refreshed marketing imagery and a December 5 auction date. The property is now being marketed by Biller Property principal Paul Biller and Ben Torban, with an indicative price guide of approximately $15 million.
The revised expectation represents a reduction of more than $5 million from its original price ambitions, amounting to roughly 25 per cent. The change comes after the property reportedly came…
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