The Schreuder family have won TVNZ's Our First Home, with their renovated house selling for $721,000 - a 35.88 per cent profit.
The family sold their Titirangi home at auction on Monday, and will take away $290,400 made up of profit from the sale and $100,000 prize money.
After a nail-biting wait for the auction of the third and last house in the family home renovation show, the Schreuders were announced the winner and pocketed an extra $100,000 in the live season finale last night.
Our First Home followed three families through the buying and renovation of different properties throughout Auckland, highlighting the trial and tribulations of adult children living with their parents again while they all worked on the project together.
Culminating in the houses being auctioned on a live broadcast over consecutive nights, the family who took home the highest percentage of profit was crowned the show's winner.
In the first of the three live auctions on Sunday night, the Gourley family made a 24.87 per cent profit when they sold their three-bedroom Avondale home for $720,500 - $143,500 more than what they paid for it prior to the 10-week renovation project.
The Wardlaw's Te Atatu South property was the last to go under the hammer last night, selling for $898,000 and pulling in a $228,550 - or 34.14 per cent - profit for the family.
However, it was the Schreuder family - made up of Robyn and Tom Schreuder, their daughter Karen and her husband, Jono Frankle, who took out the show.
Frankle told The New Zealand Herald after the auction: "It's insane what's just happened. That was the most intense and close finish. It was the biggest suspense and biggest relief when [the auctioneer] finally said sold."
Asked if he'd done the maths in his head to figure out if they had won after the auction, Frankle said: "I was trying to work it out and all I knew was it was bloody close."
Karen Frankle said the journey had been difficult.
"When you're under that amount of pressure and you've got so much work to do and everyone's tired and sleep deprived, there's definitely times when you feel low and like you're never going to get it finished. But we always pulled together as a family."
The couple said they've had "the most amazing journey" on the show.
"This is the icing on the cake! We've had the most amazing journey and we could never have imagined we'd be in this position when we got to the end of it. This is a life changing amount of money and we can't wait to start looking for a house.
"Thanks to our family and friends, sponsors and all the people who have supported us up and down the country."
Robyn and Tom Schreuder will also get a chance to recharge their batteries and go on a trip of a lifetime - a luxurious African safari worth $20,000, plus $10,000 spending money.
The homes were auctioned by real estate agency Barfoot and Thompson, with each property being viewed by more than 100 people.
The number of bidders registered for each of the homes was between 9 and 18.
Barfoot and Thompson managing director Peter Thompson said auctions were the best way to sell a home in Auckland.
"Around half of the properties we list are for sale this way. In March alone we sold 834 auction properties either under the hammer, or by 5pm the next working day. A further 142 were sold in the days post auction.
"It is a more reliable method than trying to judge the value of a property in isolation, and the transparency of what is ultimately a public negotiation means everyone can see how much other bidders are prepared to pay, and decide how far they want to go themselves," he said.
THE HOUSES
194 Te Atatu Rd, Te Atatu South
3 bedrooms, 2 bathrooms, 1 family room
Sold for $898,000
Reserve set at $669,450
Profit of $228,550
CV: $580,000 July 1, 2014
Renovated by the Wardlaws
245 Scenic Dr, Titirangi
3 bedrooms, 1 bathroom
Sold for $721,000
Reserve set at $530,600
Profit of $190,400
CV: $400,000 July 1, 2014
Renovated by the Schreuders
238a Rosebank Rd, Avondale
3 bedrooms, 1 office/study, 1 bathroom, 1 sleepout
Sold for $720,500
Reserve set at $577,000
Profit of $143,500
CV: $530,000 July 1, 2014
Renovated by the Gourleys
Source: The New Zealand Herald
Be the first to comment