Hermit Park, Queensland mortgagee apartment sold for $85,000 loss

Hermit Park, Queensland mortgagee apartment sold for $85,000 loss
Hermit Park, Queensland mortgagee apartment sold for $85,000 loss

A two bedroom one bathroom Hermit Park mortgagee unit has sold for $120,000.

The sale marks a $86,000 reduction on its previous sale price.

Dayne Watson and John Bowen of First National held the listing.

Situated at 1/18 Armstrong Street, it is part of a six apartment complex.

Set on 55 sqm, the property comes with a lockup garage.

Last sold for $206,000 the property transacted in 2008.

Hermit Park, Queensland mortgagee apartment sold for ,000 loss

The median price for a unit in Hermit Park is $125,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -3.6%.

Tags: 
Mortgagee Listing Hermit Park

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