[ad_1]
![Randwick Races](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1024 768"%3E%3C/svg%3E)
Cricket great Steve Smith’s glam side hustle has paid off big time. Picture: Sam Ruttyn
Cricket great Steve Smith has scored a big money win after a savvy move away from the game paid off time.
The Aussie run scoring machine’s side hustle – dabbling in property – has just earned him a cool $2.75m after house flipping a glam home in the trendy Sydney beachside locale of Bronte.
RELATED: Steve Smith cricket great and investor extraordinaire
![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Steve Smith’s side hustle looks pretty sweet.
According to property records the 4-bedroom, 3-bathroom home on Gordon St home was sold on Tuesday for a whopping $6.75m.
The rookie opening Test batsman and his wife Dani had bought the home in August 2019 for $3.505m.
However, the couple had struggled to get the top price they had hoped for, despite house prices in Bronte rising 11.5 per cent over the past 12 months according to PropTrack.
The median house price in the sought-after oceanside suburb is $5.8m. That’s up from $3.585m in January 2020.
$500k was spent on the renovation.
The Bronte home sold for almost double what it was bought for.
MORE: $12m home shows why Warner’s retirement was a no-brainer
Mr and Mrs Smith twice scrapped their scheduled auction date and scaled back their initial $7m-plus price guide.
Tanya Hatton and Frank Colacicco, of Bentley, held the listing for the Gordon Pl abode with its striking Dulux Vivid White painted exterior.
Since Smith bought the home, it had been gutted and extended into a two-level house with four bedrooms, three bathrooms and an open-plan living area overlooking its pool and cabana.
Their development application put its cost estimate at $495,000, according to documents submitted to Waverley Council by Daniel Sutton at Precision Planning.
One of the four bedrooms.
Smith and his wife Dani are becoming house-flipping veterans.
Smith in action for Australia earlier this month. Picture: Getty
MORE: Gangster home no one willing to buy
The application sought to increase its 88 sqm floor space to 103 sqm on the ground floor and 62 sqm upstairs. In July last year, the Smiths sold their Vaucluse mansion for $12.38m, almost double the $6.6m they had paid in 2020.
They had transformed the Kings Rd property home into a luxurious four-bedroom, three-bathroom residence by McKim Design.
Smith has long maintained a side-hustle in renovating property.
He retains two renovated investments on the Balmain peninsula as well as other coastal eastern suburbs investments.
[ad_2]
Source link
