THE “scummy” hostel revealed as The Block’s newest project has the potential to be the reno show’s biggest ever seller when it’s recreated as five mansions, experts say.
Fellow buyer’s advocate and show regular Greville Pabst said the fact show had opted to tackle houses, rather than apartments, for the fourth time was “a good tactic”.
“It does appeal to a market that has been reasonably strong — the family house and downsizer market,” he said.
But he said “Grey St as a location has some challenges around reputation” that may put off buyers from blue-chip areas like South Yarra and Toorak.
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