Bulimba, Queensland mortgagee home sold for $54,000 loss

Bulimba, Queensland mortgagee home sold for $54,000 loss
Staff reporterAugust 22, 2019

A Bulimba, Queensland mortgagee apartment has been successfully sold for $335,000.

The sales represents a reduction in the value of $54,000 compared to the previous sale price.

Jared Candlin and Michael Clarke marketed the unit.

Situated at 107/425 Hawthorne Road, the property consists of a one bedroom, one bathroom apartment with a single parking space.

Set on 74 sqm, the abode successfully sold under the auction hammer on August 18.

The home was listed as a rental as recently as 2014 and 2015 seeking $395/pw, less than what it sought when it was listed as a rental in 2012/2013 when it asked for $420-$435/pw

Last sold in 2011, the unit transacted for $389,000.

The median sale price for a home in Bulimba is $600,000, according to CoreLogic

Editor's Picks

First look: 5Point doubles down on Old Burleigh Road, Broadbeach
Billionaire plots Amali Main Beach apartment tower
Capital Corporation unveils clubhouse at Lovedale Farm’s championship golf course in the Hunter Valley
Parramatta Metro TOD approved, apartments planned as part of scheme
First look: Carbone targets first home buyers after Amado Windsor redesign