Chermside West, Queensland mortgagee home listed for minor reduction in value

Staff reporterFebruary 13, 20200 min read

A Chermside West, Queensland home has been listed as a mortgagee sale for $475,000.

The value sought is a reduction of $37,500 from its previous sale price of $512,500 back in 2015.

Zac McHardy of Harcourts is currently marketing the property.

Situated at 15/397 Trouts Road, it is a three bedroom, two bathroom townhouse.

It is located in 'Hamilton 853', a "boutique complex of contemporary modern townhomes which... sold out very quickly when released in 2015," according to the marketing material.

Set on 155 sqm, the home was previously listed for a year starting in August 2018 for $498,000 - $520,000 which was reduced to "mid $400,000's" by the end of the campaign.

The median price for a house in Chermside West is $585,000, according to CoreLogic data.

Staff reporter

Mortgagee Listing
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