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Cricket legend Shane Warne, 49, is seeking a buyer who is willing to pay $8 million for his luxurious Brighton home.

He reportedly splashed out $5.4 million on the Brighton pad last April, in a bid to downsize from his previous $20 million Melbourne mansion.

According to news.com.au the spin king has made considerable improvements and renovations to the European-style home since he purchased it last year.

On the move AGAIN? Shane Warne (Pictured June 2019) lists luxury $8 million Melbourne pad for sale... after 'downsizing' from his old $20 million mansion just last year

FOR SALE: Shane reportedly splashed out $5.4 million on the Brighton pad last April, and after considerable renovations and changes is seeking $8 million for the home

The Australian athlete is not the first sports star to have owned the property, with AFL player Matthew Lloyd previously living in the lavish residence.  

The luxurious house has five bedrooms and three bathrooms, a large pool and spa, an impressive basement theatre room, a bar, and an underground garage with space for four cars.

It also features a study, a deluxe master bedroom with spa ensuite decorated with Doric columns, and a balcony.    

Splashing out! The property, purchased for $5.4 million in 2018, has five bedrooms and three bathrooms, a large pool and spa, and an impressive basement theatre room

When Shane purchased the property last year, Jonathan Dixon of JP Dixon agency told the Herald Sun  he wanted to downsize from his $20 million mansion because it 'was too big' and he was regularly out of the country for work and travel.  

'It's got underground garaging, it's in a top spot and its pool (was another drawcard). It's everything he needs but on a smaller scale, which is ideal for him, so he can shut it up and walk away, travel.

'The other one was pretty big and a lot of work.' 

The pad had expansive grounds, which included a sparking pool, sprawling tennis courts and even a private gym.

'It's everything he needs but on a smaller scale': When Shane purchased the property last year, his real estate agent said he downsized from his $20 million mansion because it 'was too big' 

Fit for a KING... of spin: It also features a study, a deluxe master bedroom with spa ensuite decorated with Doric columns, and a balcony

News.com.au speculated that Shane may be eyeing off another residence while he aims to seek a buyer for his Brighton home for $8 million.

They claimed the cricket commentator could be headed to Tim Gurner's ultra-luxury Saint Moritz development in St Kilda. 

Some of the developments top-tier apartments will be among the most expensive homes in Melbourne, with a double-storey penthouse believed to be $30 million. 

Daily Mail Australia has contacted Shane Warne's management for comment. 

Heading to the penthouse? News.com.au speculated that Shane may be eyeing off an apartment within Tim Gurner's ultra-luxury Saint Moritz development in St Kilda