Wembley, WA mortgagee apartment sold for $170,000 loss

Wembley, WA mortgagee apartment sold for $170,000 loss
Wembley, WA mortgagee apartment sold for $170,000 loss

A Wembley, West Australia mortgagee apartment has sold for $220,000.

The vendors made a loss of $170,000 since it last sold in 2008.

Ray Jennings of Bexley Real Estate marketed the property.

Situated at 15/370 Cambridge Street, the abode consists of a two bedroom, one bathroom apartment.

Set on 83 sqm, the home sold after just 13 days on the market.

The listing described the property as a "renovators challenge" presented in a "very average condition."

Last sold in 2008, the property traded for $390,000.

The 1970 built property previously sold in 2000 for $160,000.

Wembley, WA mortgagee apartment sold for 0,000 loss

The median sale price for a unit in Wembley is $284,500, according to CoreLogic data.

Tags: 
Wembley Mortgagee Sale

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