Kyly Clarke begins the renovation of her investment property in Wollongong

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Kyly Clarke begins renovating her investment property in Wollongong – after ex-husband Michael Clarke ‘sold their Vaucluse mansion for $ 12 million’

Kyly Clarke has begun renovating her investment property in Berkeley, a suburb of Wollongong, NSW.

The model bought the house last year after her divorce from cricketer Michael Clarke.

According to Realestate.com.au, the 39-year-old’s purchase of $ 480,000 was through its newly created entity, Sparkles Property Investments.

New project: Kyly Clarke (photo) has started renovating her investment property in Wollongong

The property is a three bedroom house located on a 567 m2 block in a lakeside suburb.

The house was previously rented for $ 420 a week.

It comes after Kyly’s ex-husband Michael recently sold their marital home in the affluent Sydney suburb of Vaucluse.

Back to work: According to Realestate.com.au, the 39-year-old's $ 480,000 acquisition was by its newly created entity, Sparkles Property Investments

Back to work: According to Realestate.com.au, the 39-year-old’s $ 480,000 acquisition was by its newly created entity, Sparkles Property Investments

House: The property is a three bedroom house located on a 567 m2 block in a lakeside suburb

House: The property is a three bedroom house located on a 567 m2 block in a lakeside suburb

According to The Sunday Telegraph, the cricketer, 40, “secured $ 12 million” after the settlement went through earlier this month.

The former couple bought the property in 2014 for $ 8.3 million, but Kyly’s name was reportedly ‘streaked’ from the paperwork days leading up to the settlement.

According to the publication, the beautiful five-bedroom home was expected to sell for $ 10 million.

Investment: The house was previously rented for $ 420 a week

Investment: The house was previously rented for $ 420 a week

Sold: It comes after Kyly's ex-husband Michael Clarke (right) recently sold their marital home in the affluent Sydney suburb of Vaucluse for $ 12 million

Sold: It comes after Kyly’s ex-husband Michael Clarke (right) recently sold their marital home in the affluent Sydney suburb of Vaucluse for $ 12 million

Michael and Kyly moved to the mansion in early May 2014, where they soon started their family, with daughter Kelsey Lee arriving the following year in 2015.

The former couple announced their split in February last year, after seven years together, but it is believed they actually quietly broke up five months earlier.

They share custody of the five-year-old daughter and the split is considered amicable.

Make a move: The former couple bought the property in 2014 for $ 8.3 million, but Kyly's name was reportedly 'striked' from the papers days leading up to the settlement

Make a move: The former couple bought the property in 2014 for $ 8.3 million, but Kyly’s name was reportedly ‘striked’ from the papers days leading up to the settlement

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