Parramatta Eel Mitchell Moses buys Gladesville house
The Parramatta Eels playmaker Mitchell Moses has a bought another investment property.
The 1940s Gladesville home cost $1.8 million.
It comes with four bedrooms, two bathrooms and a studio at the back of the 790 sqm block.
Belle Property Strathfield agents Michael Murphy and Norman So secured the sale post auction, to the halfback fresh back from a calf injury.
The home, which sold for $1.16 million in 2012, has been leased out at $900 a week through Rachel Pittorino at The Region Professionals having sought $1000.
The rent reflects a 2.6 per cent yield.
Houses in Gladesville typically rent out for $735 a week, at an annual rental yield of 2 per cent, according to realestate.com.au. There are currently 115 properties for rent in the suburb.
The suburb has a $1.9 million median house price, and based on the past five years of sales, has seen a compound price growth rate of 4.8 per cent for houses.
It’s a buy back into the area for Moses, who quietly sold in Ryde for $2,099,000 earlier this year. He had paid $1.78 million for the modernised four bedroom, two storey home in 2018.
The 25-year-old Moses retains a property in Epping which cost $1,375,000 in 2015, when he was at Wests Tigers. He played junior football with the Carlingford Cougars and the Holy Cross Rhinos.
Moses, who was born in Ryde, re-signed with the Eels in early 2019 with an extension to remain until 2020.
There is also a $585,000 investment apartment in Toongabbie in his $3.75 million property portfolio.
Last month he established Sandstone Holdings, with older brother, estate agent Stephen, which appears to have the goal of being a family real estate corporation.
This article was first published in the Sunday Telegraph.
