0/5

Spoiler: The Block’s (early) auction

Spoiler: South Yarra property seen in preliminary challenges undergoes first auction.

2015-02-15_0059SPOILER: Another apartment renovated by The Block has been passed in at auction, with an apartment renovated in preliminary challenges failing to sell at auction yesterday.

The one-bedroom apartment renovated by NSW couple Josh and Charlotte at 18/85 Caroline St was passed in at $390,000, well short of the mid-$400,000, News Corp reports.

The 47 sq metre apartment block comprised the preliminary challenge ahead of contestants securing a place on The Block in Darling Street, South Yarra.

The disappointing result comes despite 131 groups inspecting the apartment and offers made in the $420,000 range.

The apartment has now been listed for private sale with a price of $460,000.

5 Responses

  1. That is the auction gamble. Sometimes you win & sometimes you lose. That is the beauty of The Block. You can have a fantastic apartme bklbult if the agent doesn’t deliver buyers orthe auctioneer does a poor job you don’t grt the desired result.
    All The Block guarantees is $100K to the winners.

  2. Gee what a surprise. I guess people don’t like having an entire bathroom renovated in 48 hours and being asked top dollar for it / them. People have wised up to this smash and dash kind of reno……

Leave a Reply