Kewdale, WA mortgagee home sold for $50,000 loss

Kewdale, WA mortgagee home sold for $50,000 loss
Kewdale, WA mortgagee home sold for $50,000 loss

A Kewdale, West Australia mortgagee home has been sold for $235,000.

The villa last sold for $287,000 in 2012.

As a result, this sale marks a $52,000 loss for the vendors.

Kim Findlay of Laurie Kelly Real Estate marketed the two bedroom, one bathroom villa.

Situated at 21/294 Knutsford Avenue, the home sits on 69 square metres.

The abode was first marketed in 2015 when it sought $385,000, later reduced to $349,000.

In this latest campaign, the home was first unsuccessful at auction before selling later with a price guide that originally started at $250,000 before being reduced to $235,000.

The 1979-built home sold for $280,000 in 2006, meaning this latest sale marks a value reduction encompassing 13 years.

It is located in the lakeside complex of Tanderra Village, described in the listing as "fully renovated".

Kewdale, WA mortgagee home sold for ,000 loss

The median sale price for a home in Kewdale is $319,000, according to the latest CoreLogic data.

Tags: 
Mortgagee Sale Kewdale

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