She’s the niece of wealthy businessman James Packer and the young heiress to a billion-dollar fortune.
And now it’s been revealed that Francesca Packer-Barham has further improved her situation by making a tidy $1.5million profit on a foray into the Melbourne property market.
The daughter of billionaire Gretel Packer and financier Nicholas Barham sold her four-bedroom home in South Yarra, in Melbourne’s inner-south, for $7.6million in March of this year, The Daily Telegraph reported.
Blessed: She’s the niece of wealthy businessman James Packer and the young heiress to a billion-dollar fortune and she’s also made a tidy sum on the sale of her home
Tidy profit: Francesca Packer-Barham made $1.5million on her Melbourne property before heading back to London to study
Solid business: The daughter of billionaire Gretel Packer and financier Nicholas Barham sold her four-bedroom home in South Yarra, in Melbourne’s inner-south, for $7.6million
The 22-year-old brunette paid just $6,125,000 for the property in October 2015, before adding a new kitchen and marble bathroom during her brief ownership.
With an elegant Victorian facade, the stunning two-storey terrace contains a number of modern finishes inside to make it a fantastic example of ‘old meets new’.
The kitchen boasts plenty of space with a large island, black marble countertops and a modern tiled backsplash.
Marble extends to both the floor and the walls of the bathroom, which also includes two shower heads and a large white vanity.
Magnificently marble: Marble extends to both the floor and the walls of the bathroom, which also includes two shower heads and a large white vanity
Old meets new: The kitchen boasts plenty of space with a large island, black marble countertops and a modern tiled backsplash
Not only are there two shower heads, but there are also two fireplaces in the spacious living room that’s decked out with extravagant chandeliers.
Much of the home is fitted-out with wooden floorboards and white walls that give the home a simple, and elegant feel.
Francesca hasn’t completely withdrawn from the Melbourne property market though, as she still holds onto a $1.4million cottage in the same neighbourhood, The Daily Telegraph reported.
She continues to hop across the globe between Australia and London where she enrolled earlier this year in a $50,000-a-year interior design course, at the prestigious Inchbald School of Design in Chelsea.
‘Design is really fun. It is something I always had an interest in that has grown recently,’ she told Confidential.
Victorian style: With an elegant Victorian facade, the stunning two-storey terrace contains a number of modern finishes inside to make it a fantastic example of ‘old meets new’
Elegance: Much of the home is fitted-out with wooden floorboards and white walls that give the home a simple, and elegant feel