Mortgagee Listing

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A circa 1920's Armadale, Victoria home has been sold via a March auction for $2.32 million.
It came with a $2 million - $2.2 million dollar price guide and a planning permit for six apartments and one penthouse.
Situated at <a href="https://www.realestate.com.au/property-house-vic-armadale-133002594" target="_blank">62 Kooyong Road</a>, the listing does note that there is potential to renovate the existing brick home or knock it down and rebuild.
Mark Wridgway and James Paull or RT Edgeway marketed the home.
The existing house is a five bedroom, one bathroom abode.
Set on 706 sqm, the home has been listed for $500,000 less than what it prevously sold for.
It last sold for $2,860,000 in 2018. 
The home was listed as a rental in 2018 seeking $875/pw.
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The median price for a house in <a href="https://www.urban.com.au/property-observer" target="_blank">Armadale</a> is $1.875 million according to CoreLogic data.
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Armadale mortgagee home development site sold for $550,000 loss

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A deposit has been placed on a Rooty Hill mortgagee house.
Located at 58 Pimelea Place, the home features four bedrooms, two bathrooms, and a double lock up garage.
It is situated on a 300 square metre block, and is roughly 1 kilometre from Rooty Hill station.
This is the first time the home has come onto the market since in was built in 2008.
Rooty Hill’s median house price is $642,450.
Mark Comber and Vijesh Kumar, from LJ Hooker Rooty Hill, made the listing.
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Rooty Hill mortgagee home under offer

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A Chermside West, Queensland mortgagee home has been sold for $450,000
It was most recently listed as a mortgagee sale for $475,000.
Last sold for $512,500 back in 2015, the latest sale price represents a $62,500 loss.
Zac McHardy of Harcourts marketed the property.
Situated at <a href="https://www.realestate.com.au/property-townhouse-qld-chermside+west-132954694" target="_blank">15/397 Trouts Road</a>, it is a three bedroom, two bathroom townhouse.
It is located in 'Hamilton 853', a "boutique complex of contemporary modern townhomes which... sold out very quickly when released in 2015," according to the marketing material.
Set on 155 sqm, the home was previously listed for a year starting in August 2018 for $498,000 - $520,000 which was reduced to "mid $400,000's" by the end of the campaign.
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The median price for a house in <a href="https://www.urban.com.au/news/4600-chermside-west-qld" target="_blank">Chermside West</a> is $585,000, according to CoreLogic data.
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Chermside West, Queensland mortgagee home sold for $60,000 loss

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A mortgagee home in Woodroffe, an inner-city Darwin suburb of Palmerston, has come onto the market at $399,000. 
Located at <a href="https://www.realestate.com.au/property-house-nt-woodroffe-133571298">62 Sibbald Crescent</a>, the single-level residence features three-bedrooms and two-bathrooms. 
Comprising of 898sqm, the home is set on a large block with a sizeable rear lawn and established gardens. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%201.59.15%20pm.png" alt="">
The property is located close to the Palmerston town centre, schools and shops. 
Ray White’s Korgan Hucent has the listing. 
The median house price for <a href="https://www.urban.com.au/expert-insights/finance/4305-woodroffe-nt">Woodroffe</a> is $332,500, according to CoreLogic data. 
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Woodroffe home set for mortgagee sale 

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Two mortgagee homes in Strathfield South are being sold in one line, with the auction to take place June 27. 
Located at <a href="https://www.realestate.com.au/property-house-nsw-strathfield+south-133706610">2 Williams Street</a>, the two brick homes have an access gate between them. 
The three-bedrooms, two-bathroom front home is in original condition, offering a sunroom at the rear. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-06-04%20at%204.58.02%20pm.png" alt="">
Facing Water Street, the recently renovated three-bedroom, two-bathroom home at the rear features a lock up garage or fourth bedroom, modern kitchen and a huge entertainment deck. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-06-04%20at%204.58.08%20pm.png" alt="">
Totaling 653 sqm, the two sites offer the flexibility to occupy or rent out now and develop later. 
The average sales price for <a href="https://www.urban.com.au/news/3844-strathfield-south-nsw">Strathfield South</a> is $1,218,250, according to CoreLogic data.
The listing is held by Ray White's Peter Tsekenis and Elia Economou. 
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Two Strathfield South homes on one title offered for mortgagee auction

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A large mortgagee home in Queensland’s Tanah Merah has been listed to sale.
Offers over $699,000 are being considered for the property. 
Situated on Barokee Drive, the home features six-bedrooms and three-bathrooms, split over a four-bedroom home with an adjoining two-bedroom Granny Flat. 
The the address comprises a total of 3187 square metres.
Other features include a three-bay shed and undercover parking for seven cars. 
The property last traded in 2012, for $520,000. 
The median price for a house in <a href="https://www.urban.com.au/property-observer" target="_blank">Tanah Merah</a> is $450,000.
The listing is held by Elders’ Doona Anichitoeai. 
 
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Tanah Merah mortgagee home comes onto market

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A Burwood, Victoria unit has been listed for mortgagee sale to be auctioned later this month on May 23. 
The two-bedroom two-bathroom apartment, located at<a href="https://www.realestate.com.au/property-apartment-vic-burwood-133452522"> G14A/399 Burwood Highway</a>, is perfect for downsizers and investors. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%202.43.39%20pm.png" alt="">
Within close proximity to the No.75 tram and Deakin University, this property will be ideal for students. 
The large entertaining balcony enjoys a Westerly view and the home features an open plan kitchen. 
Harcourt’s Vasil Metelovski holds the property listing. 
The median unit price for<a href="https://www.urban.com.au/news/10446-burwood-vic"> Burwood</a> is $752,000, according to data from CoreLogic. 
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Mortgagee unit in Burwood, Victoria set for auction

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A Thornlie mortgagee home has hit the market with an asking price of $409,000. 
The West-Australian home, located on Mercer Place<a href="https://www.realestate.com.au/property-house-wa-thornlie-133726170" style="font-size: 12.16px;">,</a> has four bedrooms, one bathroom, and a lock up garage. 
The 681 square metre block also features a below ground pool and level lawn. 
It last traded in 2009, when it sold for $359,000 after only five days on the market.
The median house price in <a href="https://www.urban.com.au/property-observer" target="_blank">Thornlie</a> is $356,758.
Rick Rispoli, from LJ Hooker Thornlie, has the listing.  
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Thornlie mortgagee home listed with $409,000 price tag

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A Western Australian mortgagee home in the suburb of Bentley is scheduled for auction.
The five-bedroom, two-bathroom home presents a great opportunity for a first home buyer or investor.
Located at <a href="https://www.realestate.com.au/property-house-wa-bentley-133821094">7a Duke Street</a>, the property offers an open plan living, dining and kitchen space which opens onto a rear courtyard.
Only 10km from the Perth CBD, this 254sqm home is ideally located.
Ray White’s Cameron Smart and Kirsty Baker hold the listing.
The property last traded for $475,000 in 2016.
The Bentley home will be sold by auction on July 18.
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Bentley, WA mortgagee home set for auction

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A mortgagee home in Rooty Hill, NSW has come onto the market via an expression of interest campaign.
Situated at 58 Pimelea Place and built in 2008, the home features four bedrooms, two bathrooms, and a double garage.
It comprises a 288 square metre block, and the house has 200 square metres of internal floorspace.
Rooty Hill Train Station is just over a kilometre from the property.
The property had never previously come onto the market. 
Mark Comber and Vijesh Kumar, from LJ Hooker Rooty Hill, listed the sale.
The expression of interest campaign concludes on April 3.
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The median price for a home in <a href="https://www.urban.com.au/news/3366-rooty-hill-nsw" target="_blank">Rooty Hill</a> is $650,000.
 
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