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The Block's Dylan and Jenny's house finally sells for below reserve: 'Slowed down'
The pair have walked away with no prize money.
The Block stars Dylan and Jenny were sorely disappointed in November when their property was passed in during a record-breaking auction. For months, their house remained on the market, in stark contrast to winners Omar and Oz selling their property at auction for $5,666,666.66, making $1,586,666.66 in profit and securing $100,000 in prize money.
Sharon and Ankur’s house was also passed in at auction, but Adrian Portelli, known as ‘Mr Lambo’, snapped it up soon after for $4,250,000 — leaving the couple with a tidy profit of $170,000. While this seemed to bode well for Dylan and Jenny, they struggled to find a buyer, only selling in February this year.
The Age has finally revealed the final property sale price was $3,900,000 — a whopping $180,000 less than the original reserve price of $4,080,000.
Sadly, this is also lower than the highest bid the couple received during the tense auction last year. The property was passed in after receiving a top bid of $4,075,000, falling just short of the reserve.
Contestants are awarded any profit they earn from their sale price, so this result means that Dylan and Jenny have walked away with nothing. Fellow competitors Sarah-Jane and Tom also had a disappointing outcome, but they still managed to secure a profit of $20,000.99 and sold the $80,000 Ford Ranger won during the competition.
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TCC real estate agent Peter Mussared, who secured the sale, told the publication that the new owners weren’t fans of the show. He didn’t comment on the final sale price, but gave an explanation as to why the property seemingly went down in value.
“At the start when the buzz was about The Block, vendors’ expectations went up, there was a lot of traffic, a lot of people looking,” he said.
“With interest rates going up it has slowed down. During COVID, a lot of people made that move sooner, trying to get out of metro to regional because we didn’t have as many lockdowns.”
The huge 13-acre property has an inground heated pool, fire pits, a veggie garden with bee hives, as well as an additional tiny house for guests.
The Block stars slam Omar and Oz’s record-breaking win
This comes after season seven The Block winners Alisa and Lysandra addressed the disappointing auction result on the It’s All Her podcast, saying they wouldn’t be happy if they were in the losing contestants’ shoes.
Bidder Adrian Portelli, who turned up to the auction in a Lamborghini, seemed to be friendly with Omar and Oz on arrival. While he didn’t end up purchasing their property, he drove the auction price sky-high while bidding against regular Block bidder Danny Wallis.
When the host Jordy Lucas alleged that Omar and Oz knew Adrian prior to auction, Lysandra said it left a “bad taste” in her mouth.
“It’s hard to be kind of happy for the winners, I guess…just the way it came about,” she said. “I guess, if I was a contestant, I would probably feel a bit ripped off.”
“I was watching it and I was thinking like, oh, there’s a bit of a bad taste here.”
However, Omar and Oz have shot down any rumours surrounding their relationship with Adrian prior to auction. The pair have maintained that although they had a ‘mutual friend’ with the bidder, they created relationships with a number of interested buyers.
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“We only knew [Adrian] from when he first visited our house…they came to the house a few times, we took them to the basketball as well. Everyone who was a potential buyer, we really gave up our time for them,” Omar told 2DayFM’s Hughesy, Ed and Erin last year.
Adrian also addressed the situation shortly after the auction, taking to his Instagram story to clear up any rumours.
“For everyone questioning the legitimacy of the auction, I was a genuine buyer with every intention to purchase that property,” he wrote. “Nobody is to blame for what happened. It’s an auction.”
“Believe it or not but if you’ve got two people that genuinely want the property, a bidding war will commence. I’m happy to show my bank account for anyone that suggests these were dummy bids.”
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