Real Estate
Richard Wilkins makes huge profit on Mosman home
Richard Wilkins has offloaded his second investment property in Mosman for $925,000 - nearly $100,000 more than the auction guide.
The two-bedroom apartment, set on the ground floor of the boutique ‘Tremaine’ building and overlooking the garden, went to auction with a price guide of $850,000 in late July.
Boasting a newly-updated kitchen, views of the garden, and natural light that filters through the north-facing balcony into the combined living and dining room, the 95.3-square-metre apartment is also in a prime location, just 200 metres away from the vibrant Mosman village, and 800 metres from Balmoral Beach. according to the listing.
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Tremaine, a tightly-held building, has only seen two sales in the past seven years prior to Wilkins’, with two apartments fetching $820,000 and $900,000 in 2020.
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The sale also marks Wilkins’ exit from the area, after the Today Show host sold another apartment earlier this year for $1.01 million, which its new owner listed for rent at $650 a week.
With his Mosman properties sold off, Wilkins’ remaining portfolio includes two investment properties in Cremorne - which he spent $530,000 and $664,000 on in 2013 - as well as his longtime home, which he bought in 2004 for just over $2 million.
Image: @richardwilkins (Instagram), realestate.com.au
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