Loss making Northam three bedroom house sold by mortgagee

A three bedroom house in Northam, about 97 kilometres east-northeast of Perth in the Avon Valley, has been sold for $130,000 by mortgagees some four years after its initial listing. 

It was sold by Lui Marcelli from Country Reality-Northam.

The 4 Martin Street house has been recently renovated with new kitchen, bathroom and laundry.

It features three bedrooms, the lounge and meals area, large separate games room, and a double carport as well as a large garage/shed. 

It had last sold at $250,000 in 2010.

The initial asking price was $269,000.

The asking price was dropped progressively to sit at $139,000 in January.

For the investor, the suggested rent is at around $250 per week.