PHOTO: Two St Kilda agents have helped “The Block’s” Jimmy and Tam to a staggering million-dollar profit in this year’s rendition of the hit renovation show.
The 1950’s Palm Springs-inspired home sold for a massive $4,256,000 – a staggering $966,000 over reserve.
Delivering contestants Jimmy and Tam the highest sale price over reserve also meant the pair were crowned series winners – netting them another $100,000 in prize money and making them the first-ever “The Block” millionaires.
St Kilda’s Michael Townsend and Josh Sterling were the agents behind the sale of 360A New Street, Brighton: A five-bedroom, four-bathroom home that boasts a double garage and pool.
McGrath’s chief auctioneer, Scott Kennedy-Green, was responsible for the property’s auction, and therefore, the eventual sale price that was almost a million dollars over the reserve.
He praised the “premier” position of the home, noting its two street frontages and rear-lane access: “It was definitely a superior product across the board with a special renovation and attention to detail that made it a standout,” he commented.
He considered the sale “a testament that well-presented properties will always have the edge”, especially given the recent challenges facing the Melbourne market thanks to the COVID-19 pandemic.
“Selling to the only owner-occupier of the current Block series, the property outclassed its competition,” the auctioneer concluded.
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