Innaloo, WA mortgagee home listed for 20% reduction on previous sale price

An Innaloo, West Australia mortgagee home has been listed for $400,000.

The asking price is down on its previous sale price.

Matt McWaters and Tony John of Harcourts Empire are currently marketing the listing.

Situated at 13A Morris Road, the villa previously transacted for $485,000 back in 2008.

Set on 251 square metres, the three bedroom, two bathroom town house is described in the listing as a "spacious entertainer".

One of a complex of four, it is located opposite the convenient Morris Place shopping centre.

It's within walking distance of public transport, schools, parks, restaurants and entertainment.

The home was listed as a rental as recently as April 2018 seeking $400 per week, down from the $450 per week it sought in July 2017 and $470 per week it was asking for in April 2017.

The median sale price for a home in Innaloo is $545,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.4%.