Wembley, WA mortgagee apartment sold for $170,000 loss
Staff reporterDecember 7, 2020
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.
The median sale price for a unit in Wembley is $284,500, according to CoreLogic data.