Loss making Northam three bedroom house sold by mortgagee

Loss making Northam three bedroom house sold by mortgagee
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.

Loss making Northam three bedroom house sold by mortgagee

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.

Tags: 
Western Australia Mortgagee Sale

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