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.