The Block 2020: Jimmy and Tam's Brighton house sells for $4m

Jimmy and Tam’s house from last year’s season of reality renovation TV show The Block has sold for $4 million, months after its original sale at auction fell through.

The Queensland couple’s stylish 1950s-style renovation fetched $4.256 million when it sold under the hammer in November, winning them first prize and smashing its reserve of $3.29 million.

But the top bidder failed to settle, and the Brighton house was offered to the market again before Christmas.

A deal was reached last month, but the home has just now settled to a buyer from a nearby suburb, public records show.

It’s a $256,000 discount on the original sale price, but Jimmy and Tam have previously confirmed they will get to keep their million-dollar prize money.

A spokesperson for Channel Nine, the majority owner of Domain, did not comment when contacted. The Block’s executive producer Julian Cress previously said there was no rush to sell the property “as it continues to go up in value by the week”.

The sale is a $710,000 premium over the house’s auction reserve price, still higher than the premiums reaped by any of the other contestants – the criteria for winning the competition.

The price paid was also close to other homes in the development, after Sarah and George’s house sold for the unusual price of $4,000,002 and Harry and Tash’s home sold for $4 million.

Selling agents on the deal were McGrath St Kilda’s Michael Townsend and Josh Stirling.

“All parties are very, very happy,” Mr Townsend said.

View The Block 2021 properties for sale

• House 1, Ronnie and Georgia: 2 Bronte Court, Hampton
• House 2, Mitch and Mark: 4 Bronte Court, Hampton
• House 3, Tanya and Vito: 8 Bronte Court, Hampton
• House 4, Josh and Luke: 10 Bronte Court, Hampton
• House 5, Kirsty and Jesse: 1 Bronte Court, Hampton

He expected underbidder Danny Wallis, who bought three homes on the strip, to be happy to have the prices he paid confirmed by another buyer away from the TV show.

“This transacted at $4 million without the lights and the camera,” he said.

“Sometimes people can think The Block properties sell for a higher price because of the TV show. This instance confirms they are fantastic things to buy.”