Half price South Gladstone townhouse listed by mortgagee

A two storey townhouse in South Gladstone has been listed by mortgagees with $85,000 hopes.

It last sold at $148,000 in 2006 to a NSW investor.

It has been offered by Luke Watts from Elders Real Estate Gladstone/Tannum Sands.

Located less than a minutes' drive to the Gladstone CBD, the 1980s Harbour Place unit at 9/131 Toolooa Street comes with tiled living, kitchen and dining area, two carpeted bedrooms on upper level, and single allocated carport.

It is within walking distance to shopping centres and primary school.

Its last advertised rental was $190 a week in 2014, down from its $260 a week prior offering.

The suburb's median unit price sits at $150,000, according to CoreLogic.

It is not the first time the townhouse has gone back in price.

It fetched $38,000 in 2002 having sold in 1995 at $60,000.