NRL star Nathan Cleary, who played in the Las Vegas season opener after a speedy recovery from shoulder surgery, has offloaded an investment property in Penrith.
The longtime Panther quickly sold the apartment in the Thornton Central precinct for $660,000 earlier this month.
The near-100sq m, two-bedroom, two-bathroom Aviators Way apartment, set close to Penrith Station, has been a rental. It has a kitchen with an island bench and stainless steel Omega appliances. There was also a study nook.
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Nathan Cleary has sold his Penrith investment property on Aviators Way, Penrith. Picture: realestate.com.au
PropTrack puts the two-bedroom median at $550,000, up 4.8 per cent annually after 225 sales.
The sale was secured through Paige Oliver at the Ray White Nepean Group. It sold to a local owner-occupier, although Oliver advised investors it had a $650-a-week rental potential.
PropTrack calculates two-bedroom Penrith apartments typically rent for $500 a week, reflecting a gross rental yield of 4.8 per cent.
Nathan Cleary in action in Las Vegas.
Cleary bought the apartment in 2016 off the plan, two years before its completion by St Hilliers and joint venture partners First Point.
The building, Pavilions East, is one of four in the $450m Thornton Central precinct which comprises more than 1000 apartments and a retail precinct
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The two-bedroom, two-bathroom, set close to Penrith Station, has been a rental. Picture: realestate.com.au
.
Cleary, the 27-year old four-time premiership winner is quite the entrepreneur, especially invested in Sydney’s west. There’s his stake in Freddy’s, a sports bar on High St, Penrith, named after former Panther Brad Fittler.
He is also a shareholder in Drink West, the Penrith-based beer company, through his company Crackles Investments.
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Nathan Cleary and Mary Fowler. Picture: Instagram
Cleary has owned in the west since 2018 when, off the back of signing a five-year contract extension at the Panthers, he spent $1.05m on a renovated 1970s home, just a few days after his 21st birthday.
He called that home until two years ago, when there was an internal transfer of the family home into his name, at a value of $1.7m. The four-bedroom home on the Nepean River was bought by dad, and coach, Ivan Cleary, for $1.175m in 2013 during his first stint as Penrith coach. Nathan has since renovated the home, showcasing several images of the upgrade by Alicia Xiberra Interiors.
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