Clinton, Queensland mortgagee home sold for $125,000 loss

A three bedroom home in Clinton, in the Gladstone region of Queensland, has been sold for a loss by the mortgagee in possession.

The house sold for $225,000, a $125,000 hit from its $350,000 sale in 2015

It is the second consecutive loss made on the sale of the home since 2011 when it sold for $360,000.

Kerry Connor of Gladstone Real Estate marketed the property.

Situated at 3 Aquarius St, the lowset brick abode is comprised of three bedrooms and one bathroom.

Set on a 735 sqm block, the 1982-built home has a single car garage.

The home was listed as a rental every year from 2012 - 2017 first seeking $480/pw and most recently it sought, $170/pw.

It is located near schools and public transport links.

The median sale price for a home in Clinton, Qld is $259,750, according to CoreLogic.