The couple accepted an estimated $1.16 million for the 1920s Californian bungalow in Moss Vale, which had been generating approximately $550 a week in rental income. The property initially entered the market in March with price expectations reaching up to $1.295 million before eventually selling through Richardson & Wrench. The proceeds will support upcoming renovations on their $16 million primary home, which grew after a $4.5 million neighboring acquisition in January. The extended campaign also stands out against local trends, where Moss Vale homes typically sell much faster.
Key points
Pat Cummins successfully offloaded his Southern Highlands investment asset to focus resou…: Pat Cummins successfully offloaded his Southern Highlands investment asset to focus resources on his primary Bronte residence.
The Moss Vale property spent far longer on the market than the typical regional average b…: The Moss Vale property spent far longer on the market than the typical regional average before securing an estimated $1.16 million deal.
High-profile Australian cricketers including Nathan Lyon and David Warner are concurrentl…: High-profile Australian cricketers including Nathan Lyon and David Warner are concurrently executing significant portfolio transactions across New South Wales.
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Australian cricket captain
Pat Cummins and his wife Rebecca have finally sold their investment property in Moss Vale, in the Southern Highlands of New South Wales, after an eight-month search for a buyer. The 1920s Californian bungalow is understood to have fetched around $1.16 million, although the official sale price has not been disclosed.
The property was listed in March with a price guide of $1.25 million to $1.295 million. Richardson & Wrench agents Georgia Soster and Frank Walsh handled the sale. The time taken to secure a buyer was considerably longer than the local market average, with realestate.com.au calculating a median of 72 days on the market for more than 100 four-bedroom homes sold in the area over the past year.
Inside Pat Cummins and Rebecca’s Southern Highlands property
The Moss Vale bungalow sits on a 2,327-square-metre block with established gardens and a vegetable patch. (Photo: realestate.com.au)
Set behind established hedges on a sprawling 2,327-square-metre block, the three-bedroom bungalow features coffered ceilings, timber floors, brick fireplaces and an enclosed veranda overlooking the garden. The property also includes a vegetable…
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