The Block's Dan and Dani list redundant Richmond flat

Dan Reilly and Dani Wales are selling a one-bedroom Ark, Richmond apartment they moved into while debuting on The Block in 2012.

The reality TV celebrity couple - with the twitter handle @DaniandDan - have it listed through Justine Harris of Hocking Stuart with a $439,000 asking price. They paid $420,000 off the plan in late 2010, settling in late 2011, just before they moved into the derelict Cameron Street, Richmond Block set.

Designed by Fender Katsalidis architects, the 114/253 Bridge Road apartment has open-plan living and dining along with an outdoor entertaining area.

The communal facilities include a 30-seat private cinema and gym. The interiorsaddict website says its an immaculate home after the work by the couple.

The current Richmond median unit price is around $522,500, up 3% over the past year. There was a $525,000 median peak in 2011.

In 2009 the then off the plan marketing had one-bedroom apartments prices starting at $385,000, two bedrooms at $530,000, three bedrooms at $805,000, and double-storey penthouses at $1.1 million. The main penthouse fetched $2.1 million in 2009.

The apartments started from 43 square metres in the 10-storey residential development, comprising 175 apartments.

At the time, Charter Keck Cramer's Sam Nathan pinpointed Richmond as an area set to go through a significant boom in apartment construction.

Sam Nathan, the director of residential projects at Charter Keck Cramer, estimated then that the suburb, which had seen around 1000 new apartments built in the nine years to 2009, could have another 2,000 to 2,500 apartments constructed over the next four years, ie by 2013. Previously, Richmond was characterised by apartment projects of no more than 20 or 30 units.

Dani Wales runs the recently revamped online magazine The Home Journal.

Dan Reilly works as a carpenter while studying to be a builder.

They bought a 114-year-old property in Seddon in May last year which needs renovating. It was secured for around $460,000 which was less than its previous $480,000 purchase in 2009.

It was marketed as "bare bones and potential."

The double front Victorian home  had been gutted under Maribyrnong Council approved plans and permits.

It had been brought back to bare frame, with the original timber floorboard still remaining, and the back has been removed.

"Once you're done, it will be a three bedroom, two bathroom home with open plan kitchen, dining and living with french doors accessing expansive entertainers deck," the marketing by hockingstuart agent Adam Welling said.

news@propertyobserver.com.au

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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