West Footscray secures 5.8% annual growth in Melbourne's cheapest weekend sale

Melbourne's cheapest weekend auction sale was a $188,000 one bedroom unit in West Footscray. More than $150,000 was being sought.
It last traded for $114,650 in 2007 reflecting an annual price appreciation of 5.81%.
The property is located seven kilometres west of the Melbourne CBD.
The unit has a generously proportioned bedroom with an ensuite and laundry facilities.
Chris Gotzilianis and Adam Welling of Village Real Estate were the selling agents of 7/13 Ormond Road which also comes with designated off-street parking for one.
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