Blackheath, NSW mortgagee sold for $165,000 loss

A Blackheath, New South Wales mortgagee home has been sold for $415,000.

The cottage last sold for $580,000 in 2017.

The house sold after 204 days listed on the market as a mortgagee.

Peter Torok of Ray White marketed the property.

Situated at 3 Thirroul Avenue, the abode comprises a three bedroom, one bathroom house.

Set on 405 sqm, the listing described the property as "a traditional mountains cottage."

Originally listed for $550,000 - $580,000 the asking price was reduced to $449,000 after an unsuccessful July 2019 auction.

The 1960 built home is located within walking distance of Blackheath's on trend village, local schools & transport.

The median sale price for an apartment in Blackheath, NSW is $582,500, according to the latest CoreLogic data.