The five Elsternwick properties renovated on this year’s series of The Block have hit the market.
Sticks and Wombat’s grey five-bedroom house was listed early on Wednesday with a headline of “the true character of The Block” and could sell for more than $2.4 million. It was the first of the five properties to be advertised for sale.
Known throughout the series for their penchant for adding hidden features and extras, selling agency Noel Jones Doncaster has played these up in the Domain listing, highlighting the James Bond-style hidden wine cabinet, revealed in kitchen week, and the rock-climbing wall in the children’s bedroom.
The house, along with its four neighbouring properties, goes under the hammer at the end of this month.
Noel Jones agents Daniel D’Assisi and David Fileccia are handling the sale of Sticks and Wombat’s house. Mr D’Assisi said he had already had seven pre-registered buyers, and expected to show another seven groups through on Thursday.
“The beauty of what the guys have done is that they’ve kept it unique and less generic than the others [on The Block],” he said. “Hopefully we’ll find someone who appreciates that workmanship, rather than fluffy pink pillows.”
He said that through buyers’ advocates, there had been local and international interest, mostly from Chinese and American buyers.
Jason and Sarah’s property, described by selling agency Gary Peer as “sophisticated and seductive in every single way”, is expected to appeal because of its wide hallway and light-coloured living and dining area.
Meanwhile, Clint and Hannah’s house, soon to be known as 46D Regent Street, is being sold by The Agency. It provides “reminders of yesterday with luxuries for today”, according to the agents, who hope to capitalise on the couple’s pitch to family buyers.
Though the indicative sale prices for all five homes are between $2.4 million and $2.64 million, this is not a guarantee of the reserve price.
In previous seasons, contestants have won discounts on their reserve prices by winning or placing second or third in the final room reveals.
The winner of The Block is determined by the highest sale price above the reserve. That reserve is not set until just before the auctions take place. The winner takes home a $100,000 prize on top of the auction proceeds.
Under Victorian law, agents are required to provide a statement of information for prospective buyers, outlining an indicative sale price, a median suburb sale price and three nearby comparable sales.
Mr D’Assisi said because the properties were being sold with an owners corporation set-up and a common driveway and the land size of 466 square metres, he expected that indicative price to hold.
He said, that like in previous seasons, the auction order would also have an effect on the eventual sale price.