The former captain of the Roosters and his shoe designer wife paid just over $3 million last week for a brick house on Hopetoun Avenue.
The couple has been house-hunting since their daughter, Azura, was born a year ago. “They’ve looked at 15 or 20 houses in the area,” said their buyers’ agent, David Cohen of Hastings Property. “They specifically wanted to be on the harbour side of Vaucluse. Land size was key.”
The two-storey brown-brick house is on 770 square metres with a 20-metre street frontage. The average land size for Vaucluse houses is 614 square metres.
“Generally properties of 1000 square metres in Vaucluse sell for $3.5 million for just the land value,” said Mr Cohen. “I believe this property was worth more than they bought it for.” According to Domain Group, the median price for Vaucluse houses this year was $3.39 million.
The property was on the market for 12 days with a plan to take it to auction in late January or February. There were five interested parties at the time it sold.
Selling agent Mark Meyer, of LJ Levi Real Estate, said the sellers were extremely happy with the result. “They were glad that it sold without too much effort on their part. No open home inspections or marketing,” he said. They plan to stay in the area.
The house was built by the vendors soon after they purchased the property in 1975 and it is now in need of a complete renovation or rebuild. “You can’t stand on the balcony. It will fall down,” said Mr Cohen.
The purchase could be seen as a present for Ms Biviano who is celebrating her 40th birthday this week. It is believed she will be very involved in the redesign. “Terry is very hands on on the design side,” said Mr Cohen. “She’ll be leading the design process.”
The property is almost across the road from Parsley Bay and there is potential for harbour views.
The Minichiello-Biviano family are still living in their Bondi Beach penthouse which they have leased back after selling it earlier this year in an off-market deal through Simon Exleton and Steven Chen of McGrath for just under $2 million. Minichiello bought the penthouse in 2005 before being introduced to Ms Biviano. He paid $1.35 million for the two-storey apartment with ocean views.