South Fremantle, WA mortgagee home sold for $240,000 loss
Staff reporterDecember 7, 2020
A South Fremantle mortgagee home has sold for $316,000.
The property sold for a $239,000 loss marking a 43% reduction in the value of the apartment.
Richard Stacey of Peak Central marketed the property.
Situated at 11/40 South Beach Promenade, the abode comprises a one bedroom one bathroom apartment.
Set on 108 sqm, the contemporary ground floor unit is position in The Summer complex developed by Match.
Located minutes from the beach, cafes and other amenities, it is positioned in close proximity to the Fremantle CBD.
The unit last sold for $555,000 in 2009.
The median sale price for a home in South Fremantle is $1.045 million according to the latest CoreLogic data.