Interior designer Kyly Clarke has added a third property to her investment portfolio.
This time she’s gone to Muswellbrook, in the Upper Hunter.
The purchase of the dual occupancy holding cost $685,000, which appears to be fully leased to tradies given the vehicles out front.
Cordells Building data shows it was a $408,000 building job back in 2010, which no doubt will get an update from Clarke. The land had been sold in 2010 at $110,000 by Hardie Muswellbrook.
Clarke secured her initial two investments south of Sydney, in the Illawarra district.
She spent $550,000 at Lake Heights in June last year for a two bedroom doer-upper.
The home, set on a 575sq m block, came with potential for extra income with the prospect of a granny flat at the rear of the property, mooted by selling agent Adam Spinelli at Spinelli Real Estate Wollongong.
It was put up for $530 a week rental last month through the Spinelli agency, describing it as “neat and tidy”.
Clarke’s first investment came in 2020 at nearby Berkeley on the outskirts of Wollongong, which cost $480,000 when bought by her then newly-created entity, Sparkles Property Investments.
It was marketed as a classic three bedroom home on a desirable 567sq m block. It has since been rented out at $420 a week.
Clarke does not yet show up as owning a new trophy home following the $12 million sale in 2020 of the Vaucluse matrimonial home she enjoyed with her retired cricket champion husband, Michael.
Kyly’s passion for renovation emerged when she took on a judging role on House Rules High Stakes in 2020.
Her Kyly’s Constructions business helps clients renovate their homes and builds granny flats.