Melissa Caddick’s Dover Heights home sold

The Dover Heights home of missing conwoman Melissa Caddick has sold for an undisclosed amount as liquidators try to recover the funds she took from investors.

“Following a successful Expressions of Interest campaign, we confirm the Receivers have accepted an offer for the sale of the Dover Heights Property,” principal at Jones Partners liquidators Bruce Gleeson said.

Camera IconLiquidators had hoped the property would sell for $10 million. Gaye Gerard / NCA NewsWire Credit: News Corp Australia
Melissa Caddick MD and Financial planner, at home in Paddington. pic by Andy Baker.
Camera IconCaddick was last seen in November 2020 after a raid on her property by ASIC investigators. Andy Baker Credit: News Corp Australia

The home sold three days before expressions of interest were due to close for the five-bedroom home in Wallangra Rd.

“Contracts were exchanged this afternoon, with a settlement period of 12 weeks,” Mr Gleeson said.

The price of the Dover Heights property will not be disclosed “until settlement has occurred” according to Mr Gleeson, however, it’s believed the liquidators were hoping to receive $10 million for the home.

Caddick House Walk Though
Camera IconThe home features a pool and a double garage. NCA NewsWire / Monique Harmer Credit: News Corp Australia
Caddick House Walk Though
Camera IconLocated in Dover Heights, the property is in a very sought after area. NCA NewsWire / Monique Harmer Credit: News Corp Australia

“However, we believe the sale price achieved is a strong result, given the current market conditions and will make a significant contribution towards the pool of funds available for Investors,” he said.

“We are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers.

“We are also continuing our efforts to progress realisation of other Receivership Property such as the jewellery and designer goods and will provide a further update on such aspects very soon.”

Caddick House Walk Though
Camera IconThose interested in the property had to provide a $10,000 deposit just to get in the door. NCA NewsWire / Monique Harmer Credit: News Corp Australia
Caddick House Walk Though
Camera IconThe five-bedroom, four-bathroom home sits on 390 square metres. NCA NewsWire / Monique Harmer Credit: News Corp Australia

There was high interest in the home due to Caddick’s notoriety, with a $10,000 deposit needed just to enter the property for an inspection.

The home sits on 390sqm of land and boasts four bedrooms, a double garage, pool and views of the city skyline.

Caddick was last seen at the residence in the early hours of November 12, 2020, just one day after her home was raided by ASIC agents and federal police officers.

Liquidators are attempting to recover more than $23 million which Caddick misappropriated from clients, who included family and friends, between 2012-19.

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