Ravenswood, WA mortgagee land parcel sold for $22,000 loss

A Ravenswood, WA mortgagee land parcel has been sold for $155,000 after 5 years on market.

Last traded in 2011 the land holding traded for $172,500, making this sale a $22,500 loss.

Brad Mercer of Mercer Harries held the listing.

Situated at 6 Bibbulmun Meander, the land parcel is 782 sqm.

Originally listed for $199,000 plus the listing was slashed four times down to $165,000.

Located central to Pinjarra & Mandurah, it has 17 m of street frontage.

The median price for a home in Ravenswood, WA is $323,500 according to CoreLogic.