Cate Blanchett’s Old Art Deco Home Where She Got Her Start on the Property Ladder Hits the Market
Realestate.com.au
Superstar actor and film producer Cate Blanchett got her start on the Sydney property ladder in this Art Deco apartment block — here’s your chance to follow in her footsteps.
Blanchett sold her one-bedder on the ground floor of Brooklyn Flats at 152 Brook St, Coogee for $358,000 — $60k above reserve — in 2001.
Now the one-bedder on the top floor, 5/152 Brook Street, has hit the market and it’s much better because of its ocean view.
The 65sqm space is set for auction with a $1.1m price guide for a November 23 auction via Shane Vincent and Nick Simitzis of Belle Property Randwick.
“We’re getting interest from first home buyers, older couples and people who want a Sydney bolthole,”
Vincent said.
Blanchett was a first home buyer in 1996 when she snapped up unit 2 on the ground floor — being a company title block, records don’t indicate what she paid.
Yet it’s known that she sold it for $358,000 — $60k above reserve — five years later.
She’d met the playwright and director Andrew Upton the same year she bought the apartment, and soon after they bought a larger Coogee apartment for $441,000, selling it for $950k in 2011.
They’d already bought their $10m trophy home in Hunters Hill in 2004 that sold for a suburb record of $18m in 2017.
The top-floor flat is owned by media and marketing professional Josanne Ryan, who admits she’s going to miss her longtime home.
“I’m moving to Newport, trading a view for a garden,” she said.
“But this is a fabulous location, close to Wylies Baths, the beach and cafes and just a hop, step and a jump to the city.”
She’s upgraded the kitchen and bathroom and the place has been newly carpeted.
Brooklyn Flats was built in the 1920s, and units in the well-maintained block of 12 rarely trade.
Though another one-bedder downstairs, with an inferior view, sold for $1.16m a month ago.
This article was originally published on realestate.com.au.
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