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

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

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

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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The Block Residential Sale

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