Preston House Rules house hits the Melbourne auction market

Preston House Rules house hits the Melbourne auction market
Preston House Rules house hits the Melbourne auction market

The Preston house on the first season of Channel Seven’s renovation program House Rules has been listed for August 29 auction.

It is the home of the contestant brothers, Nick and Chris Stavropoulos.

John Petsinis from Hocking Stuart has the three bedroom, two bathroom weatherboard house.

 
The property at 19 Jackman Street, Preston, last traded at $555,000 in mid-2012.

One of its new features is the stacked-stone fireplace.

Jackman Street's most recent sale was $895,000 in July this year for another three bedroom 1930s cottage that last sold at $446,000 in 2008.

Nick and Chris, the Channel 7 Melbourne House Rules brothers handed over the keys to fellow renovation contestants of their Californian bungalow in Preston in 2013.

It came with a mortgage of $524,000 which would have beeen wiped off by Channel 7 if they had won the renovation competition series hosted by Johanna Griggs.

Preston House Rules renovation with $524,000 mortgage after $555,000 brotherly purchase

The 1930s bungalow went to July 2012 Ray White auction without success, subsequently listed at $580,000.

The brothers paid $555,000 in August 2012 for the 1930s bungalow on its 475 square metre block.

"A lot of our money went into our deposit," the Stavropoulos brothers told the House Rules viewers

There was a subsequent $49,000 development application with Darebin Council.

The brothers, who also appeared on Channel 9’s Reno Rumble, have made a few minor alterations since the show, including extending the outdoor area.

No price guidance is being given.

The median price of houses in Preston has jumped 8.8 per cent over the past 12 months to $700,000, according to CoreLogic RP Data, having been at around $575,000 when the house was bought in mid-2012.

 

 

 

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Melbourne House Rules

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