Leumeah mortgagee offering sold for $15,000 under asking price
A mortgagee offering at Leumeah has sold for $485,000.
Set on 565 square metres, the home last sold for $275,000 in 2003.
The three bedroom, one bathroom residence features a brick veneer and was listed for $500,000.
Manfred Harle of Richardson & Wrench held the listing.
Situated at 3 Arnold Street, Leumeah, the home is described in the listing as ideal for "first home buyers, investors and tradies".
It features timber floors, a detached double garage and workshop and a large pergola.
The corner block home is located near shops, school and transport options.
The median price for a home in Leumeah according $635,000 to CoreLogic, which calculate its annual change in median price over the past 10 years as 5.4%.
