Bayview, NT mortgagee home sold for $300,000 loss

Bayview, NT mortgagee home sold for $300,000 loss
Staff reporterOctober 10, 2019

A Bayview, Northern Territory mortgagee home has been sold at auction for $472,000.

The townhouse last sold for $770,000 in 2013.

As a result this current sales marks a $298,000 loss for the vendors.

George Vrodos of Property Shop marketed the property.

Situated at 3/7 Latrobe Street, Bayview, the abode was previously listed on market for varying durations in 2016/17 seeking $740,000.

The three bedroom two bathroom townhouse sold at auction on October 5.

It was listed as a rental in 2010 and 2012 seeking $650 per week.

Featuring a paved yard and a pool, the home is located in a small complex of three.

Set on 420 square metres, the abode was built in 2004.

The median sale price for a home in Bayview, NT is $366,000, according to the latest CoreLogic data.

Editor's Picks

West Village final stage revealed as Callista on Park launches to the market
Penthouses snapped up at Toowong's Monarch Residences
Inside Flourish on Sixth Ave, Palm Beach's latest new apartment development: Urban Display Suite Tour
Deicorp add affordable housing to the mix at Marquet & Mary, Rhodes apartment development
Sekisui House Australia to launch Dawn in Melrose Park's $5 billion community