Missing fraudster Melissa Caddick’s luxurious Sydney mansion has now been sold

Conwoman Melissa Caddick’s former eastern suburbs mansion has been sold, with liquidators saying a “strong result” was achieved despite the value of Sydney real estate being in overall decline.

Her luxurious five bedroom, four bathroom Dover Heights home was estimated to be worth about $15 million by several valuers, according to News Corp, with receivers hoping it would fetch at least $10 million.

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An offer was accepted for the sale of the property by receivers for Caddick and liquidators of company Maliver on Friday afternoon.

“Contracts were exchanged this afternoon with a settlement period of 12 weeks,” Principal at insolvency firm Jones Partners, Bruce Gleeson, said.

Liquidators will not disclose a price until the settlement is finalised.

“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,” Gleeson said.

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

Caddick purported to be investing her victims’ wealth but instead set up fake CommSec trading accounts and forged documents to claim she was generating profits through capital growth and shares.

She preyed on mostly friends and family, stealing up to $30 million between 2013 and 2020.

Caddick disappeared in November 2020 after her home was raided by the Australian Securities and Investment Commission.

Her decomposing severed foot washed up in a sports shoe on the far south coast of NSW three months later.

The liquidators are also working to sell other pieces of seized property that previously belonged to Caddick, including jewellery and designer goods.

They said an update would be provided on these items soon.