Eye-watering price Melissa Caddick’s mansion sold for is revealed
- Notorious fraudster’s home went on the market last year
- Dover Heights property has sold for $9.8million
- It was thought home would rake in $12million
Melissa Caddick’s Dover Heights mansion has sold for $9.8million.
Bruce Gleeson of Jones Partners – the receivers of Caddick’s companies – said on Tuesday that the sale was ‘a good outcome given the current market conditions.’
The funds from the sale of the five bedroom house will go toward repaying investors who were fleeced out of millions of dollars by the missing conwoman.
The settlement for the home successfully took place on January 27 2023 after being sold on October 28 2022.
It was previously thought the home would sell for a price in the region of $12million.
Melissa Caddick lived in the Dover Heights home with her husband, Anthony Koletti (pictured together)
The home was expected to sell for over $10 million. NSW.Picture: NewsWire / Monique Harmer
It’s believed that liquidators were hoping to receive $10million from the sale of the home.
‘We believe the sale price achieved is a strong result, given the current market conditions and will make a significant contribution towards the pool of funds available for Investors,’ Mr Gleeson said at the time of the sale.
‘We are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers.’
There was high interest in the home due to Caddick’s notoriety, with a refundable $10,000 deposit needed just to enter the property for an inspection in a bid to deter sticky beaks.
The home sits on 390sqm of land and boasts five bedrooms, four bathrooms, study, a double garage, a heated pool and views of the city skyline.
According to the listing, published online last year, the luxurious home has a ‘soothing palette of cocooning colours and luxurious materials’.
The home boasts harbour views, a pool and a wine cellar. NSW.Picture: NewsWire / Monique Harmer
Last year, Caddick’s husband Anthony Koletti submitted a statement to the Federal Court claiming a cut of the sale of the house.
He told the Federal Court that he saw ‘no purpose’ in receivers having access to the Dover Heights home.
‘I need all the money that I can get,’ he said at the time. However, the claim was rejected.
The receivers have also sold jewellery, artworks, and designer goods before Christmas 2022.
The jewellery and luxury goods pulled in around $806,000 at auction in November while her paintings sold for a combined $48,000.
An 18-carat white gold necklace with 13 black sapphires surrounded by diamonds by Stefano Canturi – called ‘Stella’ – sold for $130,000.
Caddick purchased the necklace for $307,000 in 2015.
Caddick was last seen at the residence (pictured) in the early hours of November 12, 2020
Meanwhile her collection of twelve handbags sold for $35,000, almost triple their estimated price.
‘We have also received from Christian Dior Australia documents and funds they had been holding on behalf of Melissa Caddick,’ Mr Gleeson said.
Now Mr Gleeson’s attention will be focused on the remaining property owned by Ms Caddick.
‘Regarding the remaining items of Receivership Property, our efforts will be focused on the Edgecliff Property, and ultimately the distribution of the funds held by us to Out-of-Pocket Investors.’
‘We will shortly be providing Investors with an update on the Receivership and Liquidation generally and holding an Investor Meeting around late February 2023.’
Caddick was last seen at the residence in the early hours of November 12, 2020, just one day after her home was raided by ASIC agents and federal police officers.
Her foot washed up on a beach on the NSW south coast in February 2021.
Read more at DailyMail.co.uk