Northam, WA mortgagee home sold for less than half price
A Northam, West Australia mortgagee house has sold for $60,000.
The sale represents a loss of $111,000 compared to the previous sale price, a 60% reduction in value.
Lui Marcelli of Country Real Estate marketed the property.
Situated at 24 Charles Street, the abode consists of a three bedroom one bathroom house.
Set on 556 square metres, the home comprises 120 square metres of internal space.
Last sold in 2009, the house transacted for $171,000.
The 1950 built home was offered with an asking price of $85,000.
The median price for a house in Northam is $222,500 according to CoreLogic.
