Travancore, Victoria mortgagee sold for $190,000 loss

Travancore, Victoria mortgagee sold for $190,000 loss
Staff reporterDecember 7, 2020

A Travancore, Victoria mortgagee unit has sold for $303,000.

The latest sale price represents a $189,500 reduction in sale price compared to 2013 when it transacted for $492,500.

Philip Mazzella of Trimson Partners marketed the listing.

Situated at 1214/18 Mount Alexander Road, the home was sold during a July auction.

The two bedroom, one bathroom apartment was listed for rent shortly after it was purchased in 2013 at $380/pw, and a year later in 2014 at $335/pw.

It was also listed for rent in February 2019 seeking $360/pw.

Built in 2012, the property is currently a tenured rental.

Located on the 12th floor of the ALT Tower, the unit holds views across Melbourne and the South.

Travancore, Victoria mortgagee sold for $190,000 loss

According to CoreLogic, the annual change in Travancore's median price over the past 10 years is -1.3%.

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