Cannonvale, Queensland offering sold by mortgagee

Set on an 800 square metre block in central Cannonvale, the three bedroom house has been sold by mortgagees for $272,000.

It was sold by Ellen and Bek from Ray white earlier this month.

It had last sold for $375,000 in 2006.

Located at 4 Grace Avenue, the property features polished floorboards and a large entertaining deck.

There is plenty of car parking under the home and the potential to build in underneath and there is also space to put in a pool.

The suburb's median house price sits on $430,000 according to CoreLogic.