{"id":40748,"date":"2022-11-04T15:59:15","date_gmt":"2022-11-04T02:59:15","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40748"},"modified":"2022-11-04T15:59:15","modified_gmt":"2022-11-04T02:59:15","slug":"1-65m-for-an-empty-block","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/1-65m-for-an-empty-block\/","title":{"rendered":"$1.65m for an empty block?!"},"content":{"rendered":"

PHOTO: 6 Merrilli Place, Port Elliot. Supplied<\/strong><\/p>\n

\u201cThat is an absolutely insane price. I can\u2019t believe it \u2013 no one can believe it!\u201d Find out how much this 383sqm vacant allotment sold for and why it\u2019s so special<\/p>\n

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A 383sqm vacant allotment in Port Elliot has sold for an eye-watering amount, bagging its seller a sale price not even its agent could have possibly expected.<\/p>\n

\"The<\/a><\/div>\n
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The Block may have shot itself in the foot<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

The empty block at 6 Merrilli Place, Port Elliot recently sold for $1.65 million \u2013 equating to a staggering $4308 per square metre \u2013 all the more incredible when you consider it isn\u2019t even a waterfront allotment.<\/p>\n

South Coast Realty\u2019s Ken Ninnis sold the block and said he had been blown away by the price obtained.<\/p>\n

\u201cI had about five contracts on the property before auction and the vendor wanted to take it to auction because that was going to be the most transparent way of doing it \u2013 because I told them we\u2019d probably have a hell of a lot of interest on this one \u2013 and I was quite right,\u201d Mr Ninnis said.<\/p>\n

\u201cIt hit the internet at about 3pm on the Thursday and within five minutes I was getting emails and calls and within an hour or so I\u2019d received about 20 inquiries.<\/p>\n

\"Gina<\/a><\/div>\n
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Real Housewives of Melbourne star $2m splash<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cI haven\u2019t had a property that\u2019s just exploded like this straight away \u2013 that was incredible really.<\/p>\n

\u201cI never thought we\u2019d get anything like this, it just went through the roof.\u201d<\/p>\n

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\"6<\/div>\n

6 Merrilli Place, Port Elliot. Supplied<\/strong><\/div>\n

Mr Ninnis said there was some to-ing and fro-ing with offers over the next few days, before one buyer dropped the \u201ccrazy\u201d offer on a Sunday.<\/p>\n

\u201cThe offers were between $1.1m and $1.2m at that point, which was probably about where the vendor thought it might go for, and in the end there were two of them fighting for it under auction conditions and one ended up paying $1.65m for it,\u201d Mr Ninnis said.<\/p>\n

\"Tokyo<\/a><\/div>\n
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Tokyo real estate agency sends beautiful women with you on apartment visits | WATCH<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cThat\u2019s crazy. That is an insane price.<\/p>\n

\u201cIt\u2019s an absolutely brilliant location, but that is an absolutely insane price. I can\u2019t believe it, no one can believe it.<\/p>\n

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6 Merrilli Place, Port Elliot. Supplied<\/strong><\/em><\/div>\n

\u201cThe vendor is more than over the moon \u2013 I sold the block to the owner with a house on it in 2007 and they\u2019ve owned it ever since.<\/p>\n

\u201cThey intended to put a house on it so they bowled it over about eight years ago but never got around to putting one on it.\u201d<\/p>\n

\"Supercars<\/a><\/div>\n
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Sports glamour couple offload $5.5m beachside pad<\/a><\/h2>\n<\/header>\n<\/div>\n

In comparison to the $4308 per square metre the home brought in, Linda Van Hooff of Ouwens Casserly Real Estate, who specialises in Henley Beach, said non-waterfront homes in the metro suburb sell for between $2000 and $3000 depending on position and street, with waterfront blocks usually attracting a bit more than double that.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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