The Block South Yarra apartment falls short of prior auction price
The weekend sale of a former The Block project offering at a loss highlighted the risk of buying under the gaze of the television bright lights.
The 2/1a Affleck St, South Yarra apartment was among 626 homes put to weekend auction in Melbourne, now the adopted home of the soon to return Channel 9 renovation stress series that began in Sydney in 2003.
The whole floor former Hotel Saville apartment — transformed on the Blocktagon last year by Caro and Kingi - sold to owner-occupiers for $1.722 million.
Despite three bidders, the sale price through the Jellis Craig agency was $13,000 less than its $1.735 million price as last November’s televised auction.
Selling agent Nathan Waterson noted it was was sold without its furniture, which he estimated to be worth $150,000.
The vendors had won the apartment in a $2 ticket purchase in the Mater Prize Home lottery.
