Wirrabara, SA mortgagee home sold for 45% of previous sale price
A Wirrabara, South Australia, mortgagee house has been sold for just $45,000.
Wayne White of Wardle Real Estate marketed the home.
Situated at 11 Casuarina Street, the property comprises three bedrooms, one bathroom and a shed.
Set on 2,046 sqm, the abode was built in 1956.
Last sold in 2007 the property transacted for $100,000.
Previously, in 2002, it sold for $39,500.
The property spent almost four years on the market, as it was originally listed in October 2015 for $99,500.
The asking price was reduced multiple times to $65,000 before it was successfully sold in late July.
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