Katrina and Amie’s Block 2011 Richmond renovated cottage up for rent – reflecting 4.7% annual growth

Katrina and Amie’s Block 2011 Richmond renovated cottage up for rent – reflecting 4.7% annual growth
Jonathan ChancellorJul 9, 2012

Another of The Block 2011 Richmond cottages has been listed for rent – and its asking rental reflects around 4.7% rental growth over the past year.

The Cameron Street cottage is for lease at a $995 asking rent a week through RT Edgar Boroondara agent Bianca Brooks.

It’s the three-bedroom cottage renovated by Katrina and Amie.

It sold post-auction last August for $860,000 and was then the cheapest rental in the row of cottages – listed at $950 a week through Hocking Stuart.

Its $950 a week asking rent reflected a 5.74% gross yield last September.

It’s available for rental from July 21.

In June another of the four Richmond properties on the hit Channel 9 renovation series The Block 2011 was available for rent.

It was at a lower rental asking price that its initial post-auction asking rent.

It was the dearest home sold at last year's auction – the three-bedroom 37 Cameron Street Edwardian cottage, which Josh and Jenna sold for $1 million.

Before last September's auction buyers were given guidance that the property could be expected to fetch between $1,200 and $1,300 per week in rent and came with price hopes of $900,000 to $990,000.

It was initially for lease with a weekly $1,250 asking rent last September after the auction.

It was available for rent at $1,100 a week in June after being initially listed at $1,200 a week.

Its initial asking rent post-auction reflected a 6.3% gross yield.

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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.