Cubo, Richmond mortgagee listing reflects deteriorating price

Cubo, Richmond mortgagee listing reflects deteriorating price
Cubo, Richmond mortgagee listing reflects deteriorating price

A two bedroom two bathroom Richmond apartment has been listed by its mortgagee.

Located at 305/59 Coppin Street, Richmond the apartment comes with a $570,000 price.

The apartment last sold at $549,500 in 2012.

There were no sales in the building last year, with 2017 seeing similar size apartments sell at $615,000 and $620,000.

Set on 76 sqm the apartment was constructed in 2012 in the Cubo building.

Cubo, Richmond mortgagee listing reflects deteriorating price

The unit was listed as a rental for $585/pw in April last year.

However the Biggin & Scott marketing suggests its rent potential is currently at up to $550 per week for the apartment.

Featuring a single garage space the home is located withing a short distance of numerous amenities

The home was taken to auction in February last year and failed to sell.

It was also listed for 140 days in 2016 for $530,000.

The median price for an apartment in Richmond, Vic is $575,000, according to CoreLogic data the annual change in median price over the past decade is 2.9% per year.

Tags: 
Richmond Mortgagee Listing

Comments

Be the first one to comment on this article
What would you like to say about this project?