Applecross, WA mortgagee mansion sold for $2.5 million under original asking price

A nine bedroom Applecross, West Australia manse has been sold for $2.33 million dollars after an unsuccessful 2016/2017 marketing campaign.

Originally the vendors sought $4.8 million when they put the home on the market in December 2016 but by the end of the campaign the asking price had been reduced to $3.95 million before being taken off market in October 2017.

The home was relisted as a mortgagee sale through Monica Yeoh and Jan Radley of Acton in March 2019.

Situated at 45 Matheson Road, the home was unsuccessful at auction in April and the asking price was set at $2.6 million where it remained until the home sold in late August.

Set on 1,011 sqm, the nine bedroom, six bathroom home is just a block from Swan River.

The holding was previously purchased in 2004 for $890,000.

The home previously residing on the block was knocked down and rebuilt in 2014.

Featuring five separate living areas incorporating a tiered home theatre, the property has over 800 sqm of internal space.

The median price for an apartment in Applecross is $1,406,088 according to CoreLogic data.