Adrian Portelli’s Former Block House Hits Market with Realistic Price
The property at 4/113 Justice Rd, Cowes, previously featured on The Block 2024, is now available for sale. Adrian Portelli purchased this picturesque home during the show’s twentieth season. It is listed at $1.7 million to $1.85 million, significantly lower than his original purchase price of $2.6 million.
Details of the Property and Listing
The house boasts four bedrooms and includes standout features such as a heated pool and a beautifully designed timber deck. The appealing landscaped gardens enhance its allure for potential buyers. Adrian Portelli, known for his significant investment in the show, purchased multiple properties, totaling over $15 million across five homes.
Jon Taylor from Ray White Phillip Island commented on the realistic pricing strategy for the home. He noted that the current market does not reflect the inflated prices seen on The Block. The new owners decided to list the house after several visits, emphasizing a more sensible approach to the real estate market.
Property Features
- Four bedrooms and three bathrooms
- 75 square meter kitchen, dining, and living area
- Custom cabinetry from Kinsman
- Heated bathroom floors
- Climate control and smart-home systems
- Main bedroom with walk-in wardrobe and ensuite
The kitchen includes top-of-the-line appliances, such as Miele ovens and a built-in coffee machine. The interior design features dramatic black and white themes, contributing to its unique character.
Market Insights and Potential
According to Taylor, the property may appeal to both high-end holiday home seekers and full-time residents. The location offers proximity to beaches, walking trails, and the main township of Cowes. There is also potential to use the property as short-term rental accommodation.
Additionally, occupants of the five Block houses have access to shared amenities, including a communal tennis court, a pool and spa area, and even a cinema room.
Final offers for this remarkable home will close at 5 PM on May 11. Interested buyers must act quickly to secure this unique opportunity.
