Frenchville, Queensland mortgagee home sold for two thirds previous sale price

Frenchville, Queensland mortgagee home sold for two thirds previous sale price
Frenchville, Queensland mortgagee home sold for two thirds previous sale price

A home in Frenchville in Queensland's Rockhampton region has been sold by the mortgagee in possession for $235,000, reflecting a $115,000 loss.

The three bedroom, one bathroom house on 605 sqm last sold for $350,000 in 2011.

The home at 238 Flowers Avenue sold after 555 days on the market.

Originally listed in December 2017 the property had an asking price of $339,000 through Dan Ware of Mr Real Estate.

Throughout the life of the listing, the asking price was reduced six times to $250,000.

There was also an unsuccessful auction in April 2019.

The property even went back on its 2007 sale when it sold for $290,000.

Built in 1975, it is a two story property with a two car garage.

Frenchville, Queensland mortgagee home sold for two thirds previous sale price

The median price for a home in Frenchville is $320,000 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.1%. 

Tags: 
Mortgagee Sale Frenchville

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