Young rich lister Alistair Champion and his wife Kate have scored an impressive windfall on their Bellevue Hill home, selling it for about $8 million.
The sale comes just four years after they bought the Hamptons-inspired residence for $5.4 million. Sources say they have spent little on it since then.
The co-founder of Laser Clinics - who ranked 14th on this year's Financial Review Young Rich List - listed the Bellevue Hill home quietly with a handful of agents for $8 million to $8.5 million following his September purchase of the Woollahra trophy home, Icilus.
Their new Woollahra home - bought for about $13.5 million from mining licence owners and restaurateurs Brendan and Rowena McPherson - marks a steady rise up the ranks of Sydney's prestige market since the couple bought their first home in Paddington in 2010 for $1,645,000.
In 2013 - just one year before Champion made his debut on the Young Rich List aged 37 - he and Kate sold in Paddington for $1.77 million to buy the $5.4 million home of derivatives trader Jim Clody.
The six-bedroom house on Victoria Road had been previously owned by Seven's commercial director Bruce McWilliam and his wife Nicky, who sold to the Clodys in 2007 for $5 million.
In 2015, the Champions added a $7 million beachfront weekender in Palm Beach to their portfolio.
The Champions' purchase of the Victorian Italianate residence for about $13.5 million is the highest sale in the Woollahra-Paddington area this year.
It coincides with the sale of Laser Clinics to private equity giant KKR for about $600 million.
