The Block stars Jenny Heath and Dylan Adams left the show empty-handed last month after their Gisborne home failed to sell at auction.
And now the Gold Coast couple is faced with the sad reality that their house is selling for below its real value, if it ever finds a buyer.
speaking to Domain on Wednesday, Jenny said it was “crazy” to think her house was “worth much more than it would cost.”
The Block’s Jenny Heath (right) and Dylan Adams (left) have shared a depressing update on their Gisborne home as it remains the only property from their season still on the market.
The carpenter’s apprentice explained that everything in the house was ‘top of the range’ and that she and Dylan would have bought it themselves if they could afford it.
The Block’s five teams spent approximately $5 million in construction costs on each property, according to BMT Tax Depreciation.
The show’s executive producer, Julian Cress, said Dylan and Jenny’s house was “literally a steal” with a price guide of $4.08 million to $4.4 million, noting that its true value is closer. of the $6.5 million “if construction costs and land value are taken into account.” .
Speaking to Domain on Wednesday, apprentice carpenter Jenny said it was “crazy” to think her house was “worth much more than it would cost.”
But despite this, they have yet to find a buyer for their five-bedroom, three-bathroom home, which sits on the largest lot The Block has ever seen and also features a wood-burning hot tub, fire pit, pool and amazing views of the Macedonian Mountain Ranges.
“We’re still in the same position we were when we left The Block,” Dylan said. 9Entertainment earlier this week.
“We had some people interested a few weeks ago, but we haven’t heard anything since,” Jenny said.
Jenny explained that everything in the house was “top quality” and that she and Dylan (pictured with Scott Cam at the end of The Block) would have bought it themselves if they could afford it.
The show’s executive producer, Julian Cress (pictured), called Dylan and Jenny’s house “literally a steal” with a price guide of $4.08 million to $4.4 million, noting that their Actual value is closer to $6.5 million ‘if construction costs and land price are taken into account’
Jenny, 25, and Dylan, 29, have been heartbroken after their country house was given up at auction. However, they were not the only ones who did not sell their renewal, as Sharon Johal and Ankur Dogra also left empty-handed.
But Sharon and Ankur were lucky to sell their home after Adrian Portelli bought it for $4.25 million, resulting in a profit of $170,000 above the reserve price.
Dylan and Jenny’s house is currently featured on the Domain website.
“Honestly, it’s crazy that it’s still on the market. We just don’t know if we’re not going to win anything or if we could win $10,000 or $100,000,” Jenny explained.
The property has five bedrooms, three bathrooms and boasts a wood burning hot tub, fire pit, in ground pool and stunning views of the Macedon Ranges.
Jenny, 25, and Dylan, 29, were heartbroken after their property was given up at auction.
In the meantime, Dylan encouraged interested buyers to come inspect the house.
‘You have to see how good it is. It’s the biggest piece of land The Block will ever do, and we finished it off to perfection,” he said.
The listing on the website reads, “Created and designed without compromise, the expansive dimensions of this unparalleled family residence seamlessly blend innovative sustainable design, luxurious finishes, and entertaining grandeur.”
The Block’s auctioneer Damien Cooley previously said that Dylan and Jenny can expect a sale in the range of $4.3 million to $4.8 million.
The Block’s auctioneer Damien Cooley previously said that Dylan and Jenny can expect a sale in the range of $4.3 million to $4.8 million.
The highest bid they got for their five-bedroom, three-bathroom home at auction was $4,075,000, which was just below the reserve price of $4,080,000.
“They will enter into negotiations now, and I would assume that, most likely, they will have an initial price of a number that is well above the published reserve,” he told Fitzy and Wippa.
The highest bid they got for their five-bedroom, three-bathroom home at auction was $4,075,000, which was just below the reserve price of $4,080,000.
But it’s not all bad news, as Jenny and Dylan got engaged in January and are now planning their wedding and other renovation projects.
But it’s not all bad news, as Jenny and Dylan got engaged in January and are now planning their wedding and other renovation projects.