Asking price drops to shift Port Neill mortgagee home stuck on the market

Asking price drops to shift Port Neill mortgagee home stuck on the market
Asking price drops to shift Port Neill mortgagee home stuck on the market

A mortgagee listing at Port Neill in South Australia has seen its priced slashed from prior listings after failing to sell in 2016, 2017 and 2018.

The 1980s home at 10 Carrow Terrace in Port Neill, on the eastern side of the Eyre Peninsula, is now for sale at $219,000.

The four bed, one bathroom home initially sought $299,000 in 2016.

It was re-listed at $259,000 in 2017.

The median days on market for Port Neill is 359 days, according to CoreLogic data.

Asking price drops to shift Port Neill mortgagee home stuck on the market

Set on 838 sqm the home is located a short walk from the foreshore and beaches.

The listing by Luke Duncan at Kemp Real Estate indicates there is room for the boat, camper van and secure parking on the property.

The median sale price for a home in Port Neill is $283,000, according to CoreLogic data, which puts the annual change in median price over the past decade at 1.2%.

Tags: 
Mortgagee Sale Andrews Farm

Comments

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