One of the Bondi Beach apartments that sold for $747,000 in the first season of The Block is set to go under the hammer on Saturday with a very different price guide.
The top floor unit at 67 Roscoe St, No.4, had been renovated by Paul and Kylie Ingram — a plumber and a travel representative — in the 2003 show and they finished as runners-up.
Kylie & Paul Ingram wave to the crowd after the auction of their apartment in Roscoe St, Bondi Beach for The Block in 2003. The same apartment goes to auction on Saturday. Picture: Noel Kessel.
Fast forward 23 years and the two-bedroom unit, in the name of Thomas Hull, has a $1.7m price guide, nearly $1m more than the Ingrams achieved.
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Open-plan living.
The sunroom.
PPD Real Estate’s Conrad Panebianco expects to have two bidders at the on-site auction.
“All we need is two people who are serious,” he said.
There are four units in the block.
He said that three people had inspected the property two or three times, with some keen to make use of concept plans to add a third bedroom in the roof space.
“They should have done that in the TV show,” he opined.
Hull, who bought the apartment for $1,415,000 in 2019 according to records, is a motivated seller, upgrading to a larger property he owns in Bondi.
There are currently two bedrooms.
But there’s potential for a third bedroom in the roof space.
He hasn’t done any renovations since his purchase, but the apartment is stylish, more like a semi than an apartment, with an entertainer’s kitchen and north-facing. There’s also a sunroom and balcony.
Apart from the Ingrams, who made $152,000 profit which they got to keep, the inaugural series of The Block featured Adam Thorn and Fiona Mills, who won the show when their property (unit 1) sold for $4k more than the Ingrams at $751,000; Warren Sonin and Gavin Atkins (Gav and Waz) in unit 2 that sold for $670,000 and Phil Rankine and Amity Dry in unit 3 that sold for $655,000.
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