James MacSmith
First published 28 Jun 2023, 5:00am
Aussie cricket great Ian Chappell has sold his long-time Northern Beaches home for a healthy sum.
Australian cricket great Ian Chappell has sold his long-time waterside home for a very well-played profit, surely the equal of any Test century or Ashes victory.
The former Aussie Test skipper and revered commentator bought the four-bedroom home on Alexandra Crescent, Bayview on Sydney’s Northern Beaches almost 40 years ago, when the average Sydney house price was around the $80,000 mark.
Cricket legend Ian Chappell relaxes at Bayview on Sydney’s Northern Beaches.
MORE: Ricky Ponting celebrates Ashes win with $16m home sale
According to property records, Chappell sold the north facing home which sits on 2,105 sqm and two titles, for $3.55m earlier this month via Hunter Estate Agents Duane Hunter after 23 days on market.
The records don’t indicate what Chappell paid for the home.
No major renovations have been recorded as being made to the property in that time, which would mean Chappell’s long stint at the crease in Bayview could have resulted in a profit of around $3.4m, or perhaps $85,000 per year (the initial cost of the home every year), with price growth of around 4000 per cent.
Chappell has lived in the home for four decades.
This view would be hard to say goodbye to.
It seems the much-loved cricketer known as Chapelli invested his World Series earning wisely.
According to a NSW government research paper: “Between 1995 and 2005, real house prices in Australia increased by more than 6 per cent annually. This was well above the average annual increase in the 20 years to 1995 of just 1.1 per cent”.
So, Chappell’s selling price might have been as much as 40 times what he and his wife Barbara paid for the home – a well earned result for a long innings.
The outspoken 79-year-old played 75 Tests for Australia between 1964 and 1980 and was known for his aggressive batting and savvy captaincy.
MORE: Shock losers of rent freeze move exposed
Cult Aussie actor becomes big bucks investor
Brad Fittler’s $10m State of Origin loss hide-out
The home sold for $3.55m
Bayview is one of the quieter suburbs on the Northern Beaches.
Ian Chappell during his heyday of World Series Cricket.
South Australian-born Chappell has been in the news in recent days in the lead up to the second Ashes Test at Lord’s after rekindling his long-running feud with England great Sir Ian Botham, that dates back to a pub brawl in 1977.
“I’ve had mates say ‘why don’t you just make up’ and I say ‘well, firstly, if he wants to apologise for the lies he has told I would accept that,” Chappell said, Fox Sports reported.
“But why would I make up and be friends with a guy who I have nothing in common with, I think his commentary is the worst of the long term commentators, I have no interest in his interests and I have nothing to talk to him about.
Fair to say Ian Botham never set foot here in Chapelli’s lounge room.
Cricketers Trevor, Ian and Greg Chappell in their father Martin Chappell’s memorabilia room at his Glenelg South home unit on the day of his funeral, 30 Apr 1984.
“In other words, if I sat down with him it would be boring as hell to me and why do I want to put myself through that?”
The deep-seated animosity between Chappell and Botham has been explored in a new documentary The Longest Feud, to coincide with the Ashes series in England.
Suffice to say Botham won’t be invited to Chappell’s new digs to watch any cricket.
Regardless, Chappell has enjoyed a long stay at one of Bayview’s best addresses.
“Positioned high on one of Bayview’s most exclusive cul-de-sac’s, this extraordinary property is arguably the best holding in the area,” the listing for the home read.
Post playing cricket, Chappell has made a name for himself as a commentator. Picture: Getty
“Comprising a rare 2,105 sqm block (two lots and two titles), the views are spectacular, north facing and spanning across Pittwater to Lion Island.
“The sprawling double brick home has been placed for the views and although grand in its time is now ready for a revival.
“Seek to renovate or remove and replace with one or two homes (STCA), capitalising on the amazing opportunity.”
According to PropTrack the median house price in Bayview is $2.968m, down 13.3 per cent over the past 12 months.
MORE: Homebuyers shattered as ‘$70k bonus’ nears end
Roxy Jacenko’s moody $10m+ office up for grabs
NRL star Nathan Cleary buys new home from dad, coach Ivan
Disclaimer: The information published in this section is of a general nature only and does not consider your personal objectives, financial situation or particular needs. Where indicated, third parties have written and supplied the content and we are not responsible for it. We make no warranty as to the accuracy, completeness or reliability of the information, nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content. We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders. We strongly recommend that you obtain independent advice before you act on the content.
Personalised advertising: We show you more relevant advertising based on your activity. Prefer us not to? Opt Out of personalisation
realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd.