Nundah, Queensland mortgagee home sold for $80,000 loss
Staff reporterDecember 7, 2020
A Nundah, Queensland mortgagee apartment has been sold for $364,000.
The two bedroom two bathroom abode last sold for $445,000 in 2011
Therefore the sale represents a loss of $81,000 on the property.
Lorraine Bailey of Northside First National marketed the property.
Situated at 1/48 Hows Road, it is one of six apartments in a boutique block.
It was listed in October with an asking price of $389,000.
The property features large wraparound balconies and a single lock up garage garage space.
The 2006 built unit was offered as a rental seeking $430/pw in 2013 and more recently in 2017 when it sought $400/pw.
The median sale price for a unit in Nundah is $366,500, according to the latest CoreLogic data.