Footscray cottage sold at $647,000 by mortgagee

A two bedroom Footscray cottage has been sold by mortgagees.

It sold at $647,000.

The 230 Ballarat Road home has been boarded up.

It last sold at $209,750 in 2002.

The price guidance had been $500,000 to $550,000.

The suburb's median price is $850,000.

It had been a $420 a week rental in 2014.