Renovation queen Cherie Barber buys Bundaleer Retreat in Broken Head
The renovation queen Cherie Barber has bought back into the Byron market after pocketing $5.4 million last year at Wategos Beach.
Barber has secured Bundaleer Retreat in the Hemsworth-heartland of Broken Head.
She’s paid $3,115,000 for an inland accommodation venture.
The 5.5ha property has a homestead, described as a caretaker’s residence, along with five self-contained bungalows set around its resort-style pool and barbecue area.
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The property sold with approved plans for five further bungalows. The holding last traded for $150,000 in 1994 when bought by the Tancred family.
Barber, who founded the property and home renovation training course provider, Renovating for Profit, was in the news last year when she splashed $6.2 million on the Lilyfield warehouse conversion of comedian Merrick Watts and wife Georgie.
She also offloaded a number of western Sydney investments last year for a tidy profit, including a Lethbridge Park cottage bought for $360,000 in 2014 which sold for $550,000. There was also a Colyton investment offloaded at $870,000 after she paid $580,000 in 2016, and added a granny flat.