Jennifer Hawkins earns a tidy profit as she sells her Newcastle investment home for $840,000 after purchasing it for $345,000
Jennifer Hawkins is in the process of selling one of the last properties in her once extensive investment portfolio.
The investment in the Lake Macquarie precinct is a charming three-bedroom home in Minmi, about 20 kilometers from central Newcastle, and is expected to fetch between $800,000 and $880,000.
Hawkins, 40, who was born in Newcastle, originally bought the property for $345,000 in 2008, a year after closing a lucrative $4 million deal with Myer.
The single-storey brick and tile home sits on a spacious 664 square metre plot and features a rear terrace overlooking a large lawn and a ‘men’s shed’.
The property has the added benefit of bordering a reserve, creating a serene and private environment.
According to realestate.com.auTroy Duncan of First National Lake Macquarie Edgeworth is handling the sale, and he has highlighted the investment potential of the home, suggesting a rental return of around $700 per week.
This sale marks an important moment in Hawkins’ real estate journey. In 2016 she sold another investment property, her first ever purchase: a three-bedroom house in Merewether.
It was purchased in 2006 for $469,000 and sold for $731,000, demonstrating Hawkins’ talent for profitable real estate investments.
Jennifer Hawkins is in the process of selling one of the last properties in her once extensive investment portfolio
Over almost twenty years, Hawkins has built up an impressive property portfolio, including apartments in Bondi and Coogee.
Together with her husband, builder Jake Wall, she has completed several high-profile projects.
Their construction company, J Group Projects, has seen them develop homes in North Curl Curl, Curl Curl and Pittwater, culminating in the creation of the beautiful Casa Paloma.
The Lake Macquarie precinct investment is a charming three-bedroom home in Minmi, about 20km from central Newcastle, and is expected to fetch between $800,000 and $880,000
Their five-bedroom waterfront property in Newport made headlines when it was sold to billionaire Mike Cannon-Brookes for a record-breaking $24.5 million.
The couple built the property on a plot of land they purchased for $4 million in 2014.
The couple’s latest venture is a mega-mansion in Whale Beach, which has already sold for around $30 million, continuing their string of luxury real estate successes.
Hawkins, 40, born in Newcastle, originally bought the property for $345,000 in 2008, a year after striking a lucrative $4 million deal with Myer
Jen first entered the real estate market in 2006, two years after she was crowned Miss Universe.
However, the model has always maintained that she and her partner are not “homeowners.” She also explained this clearly in an interview with David ‘Kochie’ Koch at Sunrise in 2020.
Jennifer married property developer Jake in Bali, Indonesia, in 2013 after eight years of dating.
The couple shares daughter Frankie and son Hendrix.
Jennifer married property developer Jake in Bali, Indonesia in 2013 after eight years of dating. The couple welcomed daughter Frankie in October 2019