Richmond cottage from The Block sells with 8 percent annualised price growth

| Sep 26,2016

| 0 min read

A Richmond cottage that failed to sell in its televised auction on The Block’s first Melbourne season fared well at weekend Melbourne auction fetching $1.32 million.

The three bedroom 41 Cameron Street worker's cottage renovated by sisters Katrina Chambers and Amie Godde last fetched $860,000 in 2011, a few days after the televised event.

RT Edgar had the house with a price guide of $1 million to $1.1 million this time.

With annualised price growth of 8.7 percent, it sold at $70,000 over reserve.

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.