Devon Meadows, Victoria mortgagee acreage sold after five years on market

Devon Meadows, Victoria mortgagee acreage sold after five years on market
Devon Meadows, Victoria mortgagee acreage sold after five years on market

A Devon Meadows, Victoria acreage home has been sold for $800,000.

The home spent almost five years on market seeking $950,000 before being taken off market and relisted as a mortgagee.

It then sold after a one month marketing campagn.

Matt Dewan and Brent Day of Obrien Real estate marketed the property.

Situated at 1874 South Gippsland Highway, the home sits on 2.5 acres (9,152 sqm).

A three bedroom, one bathroom abode is positioned on the holding

The property last traded for $300,000 in 2005.

It is located a short drive to the heart of Cranbourne and according to the listing, "with some TLC this property is a land-owner's dream and once completed will make the ideal country retreat."

Devon Meadows, Victoria mortgagee acreage sold after five years on market

The median sale price for a home in Devon Meadows is $644,000 according to the latest CoreLogic data.

Tags: 
Mortgagee Sale Devon Meadows

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