Devon Meadows, Victoria mortgagee acreage sold after five years on market
A Devon Meadows, Victoria acreage home has been sold for $800,000.
The home spent almost five years on market seeking $950,000 before being taken off market and relisted as a mortgagee.
It then sold after a one month marketing campagn.
Matt Dewan and Brent Day of Obrien Real estate marketed the property.
Situated at 1874 South Gippsland Highway, the home sits on 2.5 acres (9,152 sqm).
A three bedroom, one bathroom abode is positioned on the holding
The property last traded for $300,000 in 2005.
It is located a short drive to the heart of Cranbourne and according to the listing, "with some TLC this property is a land-owner's dream and once completed will make the ideal country retreat."
The median sale price for a home in Devon Meadows is $644,000 according to the latest CoreLogic data.
