The Block 2011 Richmond property reduces rent

One of the four Richmond properties on the hit Channel 9 renovation series The Block 2011 is back on the rental market, but with a lower rental asking price.

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.

Its is now available for rent at $1,100 a week and is listed for rent through Woodwards Carnegie. Its initial asking rent post-auction reflected a 6.3% gross yield.