A property expert has offered a grim prediction for The Block last remaining unsold house.
Real estate pro Chris Bellesini says it’s highly unlikely Jenny Heath and Dylan Adams’ home will find a buyer willing to come close to its $4.08million reserve.
Bellesini told Now to Love the show’s producers ‘lost touch with reality’ when they set the reserves so high, and the other four teams were incredibly lucky there were publicity-seeking buyers willing to pay such exorbitant prices.
A property expert has offered a grim prediction for The Block last remaining unsold house, which was renovated by Jenny Heath (left) and Dylan Adams (right)
Dylan and Jenny’s house is currently listed on the Domain website for just $1.63million, which is less than half its reserve, and it will take a Christmas miracle for the team to come anywhere close to $4million.
Mr Bellesini said the three homes that sold at auction two weeks ago ‘were at inflated prices’, and their sales did not reflect actual market behaviour.
‘These sales weren’t real. Three were sold to Danny [Wallis] for his ego and the fourth to Adrian [Portelli, in a post-auction sale] to promote his business ventures,’ he said.
Real estate pro Chris Bellesini says it’s highly unlikely Jenny Heath and Dylan Adams’ home will find a buyer willing to come close to its $4.08million reserve
Dylan and Jenny’s house is listed on the Domain website for $1.63m, which is less than half its reserve, and it will take a Christmas miracle for the team to come anywhere close to $4million
According to Bellesini, Dylan and Jenny were doomed to lose the moment the auction order was decided.
He said it’s unlikely their home will sell unless its price is brought way down below the $4.08m reserve.
‘It just comes down to at what point in time will Channel Nine and the vendors be happy to cut their loses and accept a price well below what they originally wanted,’ he added.
According to Bellesini, Dylan and Jenny were doomed to lose the moment the auction order was decided, adding that it’s unlikely their home will sell unless its price is brought way down below the $4.08m reserve
Dylan and Jenny’s are said to be ‘battling’ to offload their home after becoming the only couple who couldn’t find a buyer either on or after auction day.
The home’s Domain listing reads: ‘Created and crafted without compromise, the expansive dimensions of this unrivalled family residence seamlessly combines an innovative sustainable design, luxurious finishes and entertainment grandeur.’
Last week, the pair gave fans an update on their house after it was passed in at auction.
Mr Bellesini said the three homes that sold at auction two weeks ago ‘were at inflated prices’, and their sales did not reflect actual market behaviour
!['These sales weren't real. Three were sold to Danny [Wallis] for his ego and the fourth to Adrian [Portelli, in a post-auction sale] to promote his business ventures,' he said](https://skynews.icu/wp-content/uploads/2022/11/1668634362_166_The-Blocks-Dylan-and-Jenny-wont-get-their-happy-ending.jpg)
‘These sales weren’t real. Three were sold to Danny [Wallis] for his ego and the fourth to Adrian [Portelli, in a post-auction sale] to promote his business ventures,’ he said
‘We just want to say, thank you all so much for the amazing support and love we have been receiving,’ they wrote on Instagram.
‘We would love to reply to you all. Please know how grateful we are. The Block was a great opportunity for us, even though it wasn’t the outcome we hoped for.
‘Our beautiful Block home is still on the market. Fingers crossed it gets snapped up soon.’
Last week, Dylan and Jenny gave fans an update on their house after it was passed in at auction
‘We just want to say, thank you all so much for the amazing support and love we have been receiving,’ they said. ‘We would love to reply to you all. Please know how grateful we are. The Block was a great opportunity for us, even though it wasn’t the outcome we hoped for’
The Block finale saw heartbreak and triumph for the five teams. Omar and Oz (pictured) offloaded their reno to frequent buyer Danny Wallis for $5,666,666, walking away with a record-breaking profit of $1.6million
The Block finale saw heartbreak and triumph for the five teams.
Omar and Oz offloaded their reno to frequent buyer Danny Wallis for $5,666,666, walking away with a record-breaking profit of $1.6million.
Rachel and Ryan placed second with earnings of $169,000, while Tom and Sarah-Jane pocketed just $20,000.
Rachel and Ryan Carr placed second with a profit of $169,000
Tom and Sarah-Jane (pictured) pocketed just $20,000
Jenny and Dylan’s home was passed in, as was Sharon and Ankur’s, although the latter couple was able to secure a private sale less than a week after the auction.
As of Thursday morning, Jenny and Dylan are yet to find a buyer.
The homes on The Block went under the hammer with a reserve of $4.08million.
Sharon and Ankur’s home failed to find a buyer at auction, but was later sold to businessman Adrian Portelli for $4.25million
Source: | Dailymail.co.uk