The Block Auction

One of 'The Block's' apartment is about to go for auction, with a price point of around $1.4m+.

Built by Josh Terrett and Charlotte Ekas, this is the first 'The Block' apartment to go under the hammer so far.

Mark Konishi of Hocking Stuart in South Yarra is the listing agent, with David Wood set to hold the hammer on Auction day.

"At this point in time we will set a price of $1.4 million-plus," said Konishi. 

"There's going to be a lot of work qualifying who is who and whether they have a genuine interest," said Konishi. "We will hit up our existing database for clients that are already looking at this price point, and also our owners. Our office sold the first series of The Block in Melbourne in Richmond in 2010 so that was a learning curve for us. There will be some people who will bluff their way through and come in just to have a look."

Konishi said he expected to see international, interstate and local interest. "In South Yarra, we have a lot of regional Victorian interest as well as interstate people who realize Melbourne provides more value for money than Sydney prices."