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Hefty deposit needed to inspect Melissa Caddick’s Dover Heights home

The Dover Heights home of missing alleged fraudster Melissa Caddick has officially hit the market, but if you’ve been wanting to take a peek inside, these photos are likely the closest you’ll get.

The property at 5 Wallangra Rd, Dover Heights, has been listed for sale by Expression of Interest via Sydney Sotheby’s International Realty, with prospective buyers needing a $10,000 refundable deposit or a buyer’s agent to get their foot in the door.

In a statement released this morning, Jones Partners, the receivers of Melissa Louise Caddick and liquidators of Maliver Pty Ltd, said work had been completed at the property to get it ready for sale.

“Since obtaining vacant possession in late May, and receiving orders enabling us to proceed with a sale, we have undertaken certain maintenance and minor improvements to amplify the property’s luxurious appeal,” Jones Partners Principal Bruce Gleeson said.

“The home is positioned in an elevated part of one of Dover Heights’ most sought-after streets and we are extremely pleased to be able to offer this prestigious property for sale during spring.

“The sale campaign will be conducted via an Expression of Interest, which is scheduled to close on 31 October, 2022 and thereafter a private auction (if required).”

CoreLogic records show Caddick bought the home in 2014 for $6.2 million, and it’s now expected to fetch up to $15 million according to news.com.au.

Michael Pallier and Mary Lin are the listing agents for the five-bedroom, three-bathroom home, which is described in the listing on Sotheby’s website as an “elegant family haven”.

Pictures of the property show its streamlined, contemporary facade, which gives way to a modern, multi-level home that is set against a Sydney Harbour backdrop and offers views of the city and the Sydney Harbour Bridge.

Floor-to-ceiling windows are a hallmark of the property, offering pristine water and bridge views from both the open-plan kitchen, dining and living room, connecting balcony and master suite.

The gourmet chef’s kitchen offers a stunning stone island bench, while the lower level has a rumpus room and kitchenette that flows out to a stunning inground pool.

The master suite has a luxury ensuite and walk-in robe, with three of the bedrooms on one level and two guest bedrooms on the lower level of the home.

Picture: Sydney Sotheby’s International Realty

“This impressive home boasts luxury finishes to inspire an atmosphere of readymade contemporary comfort, with a timeless palette and is filled with an abundance of natural light throughout,” the listing states.

“Additional attributes include an internal laundry, guest powder room, home study, Savant security system, wine cellar, storage room and internal entry from a double lock-up garage.”

Caddick lived at the property with husband, Anthony Koletti, before disappearing after the Australian Securities and Investments Commission raided the house in connection to a Ponzi scheme she had allegedly been running.

Caddick’s partial remains washed up on a remote South Coast beach in February 2021.

Mr Koletti was ordered by the Federal Court to move out of the five-bedroom home in May.

Jones Partners is selling the home in a bid to pay back some of the $23 million Caddick allegedly swindled from investors.

“We are also well advanced and close to finalising an application to the Federal Court which will seek sale orders regarding the designer jewellery, clothing and artworks,” Mr Gleeson said.

“It is our intention to have an investor briefing to provide a detailed update on the receivership and liquidation status in late October 2022.”

Picture: Sydney Sotheby’s International Realty

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Kylie Dulhunty

Kylie Dulhunty is the Deputy Editor at Elite Agent.