Northam, WA mortgagee home sold for half price

Northam, WA mortgagee home sold for half price
Northam, WA mortgagee home sold for half price

A Northam, West Australia mortgagee house has sold for $151,000.

The sale represents a loss of $143,000 compared to the previous sale price, a near 50% reduction in value.

Jessica Clark of Bob Davey Real Estate marketed the property.

Situated at 18 Selby Street, the abode consists of a three bedroom one bathroom house.

Set on 1,175 sqm, the home comprises 109 sqm on internal space.

Last sold in 2014, the house transacted for $298,000.

The asking price for the property was originally $210,000 when the property was listed in February 2019 but in April it was reduced to $179,000 and in May it was slashed again to $150,000.

The 1935 built house previously sold in 2012 for $205,000 

Northam, WA mortgagee home sold for half price

The median price for a house in Northam is $222,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 0%. 

Tags: 
Mortgagee Sale Northam

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