The Block’s Mitch and Mark scrap auction, blame global economic conditions
By Kate Kachor
The Block winners Mitch Edwards and Mark McKie have pulled their luxury Sydney beachside escape from auction.
The five-bedroom home in Newport, complete with high-end finishes and panoramic views, was set to go under the hammer this Wednesday.
Instead, it will now be listed for private sale with a price of $3.89 million.
The change in sales campaign comes following a strategic consideration of the current global economic conditions impacting the stock market, and the domestic market fluctuations in the lead-up to the federal election, the couple said in a statement.
“Our home has been a labour of love and deserves a market that is feeling confident and optimistic,” Edwards said.
“We’re confident the right buyer will come along as the market gains clarity and stability moving forward.”
Mitch and Mark from The Block have pulled their home from auction and listed it for private sale.
McKie added: “We’ve always been about creating beautiful homes that people can fall in love with. We’re incredibly proud of what we’ve achieved in Newport, and we want to ensure it’s presented in the best possible market conditions.”
Despite the change in sales strategy, there continues to be “significant interest” in the home.
A spokesperson for the couple told Domain a number of offers have been received for the property, however none have yet been accepted.
Edwards and McKie bought the home in Newport in 2019 for $1.7 million.
The home in Newport on Sydney’s northern beaches boasts panoramic views.
In the almost six years since they moved in, they have transformed the once humble 1970s abode into a luxury retreat.
The renovation marks the couple’s first major renovation project since winning The Block.
“We poured our hearts into reimagining every space, creating a home that is both beautiful and functional – a place to relax, entertain, soak up the incredible ocean views … and to call ‘Home’,” they said in a joint statement.
Back in 2019, the home was listed as a four-bedroom residence with a one-bedroom self-contained area with its own balcony with separate access.
The renovation is the couple’s first major renovation project since winning The Block.
Their vision saw the property transform into a five-bedroom home with greater focus on living and entertainment spaces.
The upper level boasts an open plan lounge with dining and alfresco entertaining, perfect for an intimate gathering or dinner party with friends.
With entertaining in mind, Edwards and McKie have fitted the dining room with floor-to-ceiling glass to take advantage of the ocean view.
They have also added a built-in outdoor kitchen to the alfresco terrace.
In the heart of the home is a state-of-the-art gourmet kitchen with a stone island breakfast bar, multiple ovens, dishwashers and a chef butlers’ pantry.
For a hint of mystery, the home also comes with a hidden wine cellar.
Elegance surrounds the lounge room, with the addition of marble, engineered timber flooring and white beamed ceilings.
The master bedroom features a fireplace, a spacious walk-in dressing room and central stone island. Nearby, the ensuite has a freestanding bath, underfloor heating and brushed gold tapware.
The state-of-the-art gourmet kitchen has a stone island breakfast bar.
On the same level as the master, there is a family room and two separate bedrooms. Both bedrooms have built-ins and balcony access.
The lower level has been designed with guests or teenagers in mind and comes with open plan living and dining, a fireplace and two separate bedrooms.
Work commitments have meant Edwards and McKie have spent more time in the city. They feel it’s time for another family to “enjoy it as much as we have”.
The property is on the market through LJ Hooker Mona Vale’s Josephine Cowling.
Mitch and Mark made their television debut on the 2019 season of The Block where they finished fifth and took home $384,000 in prize money.
They returned to the franchise for the 2021 season, taking out the series and $744,444 in prize money.
This article was originally published by Domain.com.au. Reproduced with permission.