FOR SALE
$450,000 - $485,000

Lot 1, 37 Fifth Street
Merbein VIC 3505

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11.98ha
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11.98 Hectares (approx.)

This property is ideal for redevelopment, boasting a prime location and excellent soil suitable for a vineyard, orchard, or market garden. Town water and power connections are readily available, with the option for rural water pending approval from Lower Murray Water. Access can be gained from both Fifth Street and River Avenue, offering flexibility for development. There is potential to construct a house and sheds, pending approval. This presents a fantastic opportunity for ambitious horticulturists looking to capitalize on this promising investment.
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Property Details for Lot 1, 37 Fifth St, Merbein, VIC 3505

Building Type
Rural
Land Size
11.98ha

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About Merbein 3505

The size of Merbein is approximately 34.5 square kilometres. It has 7 parks covering nearly 7.1% of total area. The population of Merbein in 2011 was 2,671 people. By 2016 the population was 2,699 showing a population growth of 1.0% in the area during that time. The predominant age group in Merbein is 50-59 years. Households in Merbein are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein work in a trades occupation. In 2011, 73.2% of the homes in Merbein were owner-occupied compared with 71.5% in 2016.

Merbein has 1,583 properties. Over the last 5 years, Houses in Merbein have seen a 81.18% increase in median value, while Units have seen a 67.32% increase. As at 31 August 2024:

  • The median value for Houses in Merbein is $337,257 while the median value for Units is $275,627.
  • Houses have a median rent of $350 while Units have a median rent of $195.
There are currently 20 properties listed for sale, and 1 property listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Merbein.

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Ian Miers
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PRD Real Estate Mildura
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