Does anybody know how much the block properties were originally purchased for. And how much they spent?
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Actual Priced Paid to Purchase the Block
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Did anyone else notice that after the first house sold and the reserve showed on screen at the end, the following three properties had the reserve showing before it had even been reached?You can find me at: Energise Web Design
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According to Property Guru
78 Anzac Street:
80 Anzac Street:Rating Valuations: $750,000 Land Value: $570,000 Improvements Value: $180,000 Valuation Date: 01‑Jul‑2011 Last Sale Price: $635,000 Last Sale Date: 15‑Feb‑2012 Last Sale Type: Whole. One property involved Sale Tenure: Freehold Purchase Relationship: Market Level - Bonafide Net Sale Price: $629,000 Chattels: $6,000
76 Anzac Street:Rating Valuations: $750,000 Land Value: $570,000 Improvements Value: $180,000 Valuation Date: 01‑Jul‑2011 Last Sale Price: $635,000 Last Sale Date: 15‑Feb‑2012 Last Sale Type: Whole. One property involved Sale Tenure: Freehold Purchase Relationship: Market Level - Bonafide Net Sale Price: $629,000 Chattels: $6,000
Rating Valuations: $750,000 Land Value: $570,000 Improvements Value: $180,000 Valuation Date: 01‑Jul‑2011 Last Sale Price: $635,000 Last Sale Date: 15‑Feb‑2012 Last Sale Type: Whole. One property involved Sale Tenure: Freehold Purchase Relationship: Market Level - Bonafide Net Sale Price: $629,000 Chattels: $6,000
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mmm - all the same price. They must be all off the same person. I wonder if these were bought of an investor or whether someone had been stockpiling them for the show and you really need to look at the purchase prior to get what they really paid for them. Given the sale date, 15 Feb and when the show must have started being planned, my guess is they were being stockpiled by an associated person/entity.
If anyone has four near identical run down investment properties next door to each other in a main city and they want to get rid of them, I would give the the production company a call. Must be hard to find unless they buy a sausage block of flats which I dont think would get the same interest in NZ.
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* Libby and Ben's house at 78 Anzac Ave was the first to be auctioned. Their property, described as the best on the block, was sold for $961,000. The couple made a profit of $157,000 from the $804,000 reserve.
* Sarah and Richard's house at 76 Anzac Ave sold for $870,000. The couple made a profit of $64,000 from a reserve of $806,000.
* Ginny and Rhys' house at 80 Anzac Ave sold for $805,000. The couple made a profit of $11,000 from a reserve of $794,000.
* Rachel and Tyson's house at 74 Anzac Ave sold for the reserve of $789,000. The couple made no profit.
Total income 3,425 k.
Less total purchase 2,516k (assuming 74 was also bought for 629k).
Less total renovations 500k
Total before tax profit 409k.Last edited by brendan; 07-09-2012, 01:20 PM.
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Shock 'Block' Finale
Shock 'Block' Finale
After weeks of watching a bank of derelict shacks slowly emerge from their cocoons into glittering show homes, the houses of 'The Block' NZ went under the hammer last night and the show with the laziest theme song ever (nah nah nah nah nah nah nah nah) came to a shocking conclusion.
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