OFF MARKET

1/22 Reid Street
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 73m2
Land area: 1020m2
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Property Details for 1/22 Reid St, Merimbula

1/22 Reid St, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 1020m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1980
Floor Size
73m2
Land Size
1020m2
Local Government
Bega Valley
Lot/Plan
1/SP18599

Last Listing description (December 2021)

Text 1/22Reid to 0488 884 531 for more information

Peacefully nestled in the heart of Merimbula is this incredibly low-maintenance double brick unit set at the front of the block. 1/22 Reid Street offers an entry-level opportunity for first home buyers or investors alike. Inside features 2 spacious bedrooms both with built-in robes, 1 bathroom, and a generous open plan lounge/dining & kitchen area.

- Single lock up garage

- Separate laundry
- Front unit in a small complex of 4
- Large private balcony
- Large grassy common area situated at the rear of the complex
- Situated only minutes to cafes, shops & clubs
- Great rental return potential

Come and be a part of Merimbula's coastal lifestyle & community. Explore all the dazzling beaches. Don't miss this opportunity, call today for a private inspection.

Property History for 1/22 Reid St, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$339,000
16 Apr 2021
Listed for Rent
$200/w
25 Apr 2008
  • 16 Apr 2021
    Sold for $339,000
  • 04 Mar 2021
    Listed for Sale $339,000
  • 02 Sep 2009
    Sold for $195,000
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About Merimbula 2548

The size of Merimbula is approximately 18.3 square kilometres. It has 14 parks covering nearly 8.6% of total area. The population of Merimbula in 2011 was 3,277 people. By 2016 the population was 3,544 showing a population growth of 8.1% in the area during that time. The predominant age group in Merimbula is 60-69 years. Households in Merimbula are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation. In 2011, 57.8% of the homes in Merimbula were owner-occupied compared with 58.3% in 2016.

Merimbula has 3,591 properties. Over the last 5 years, Houses in Merimbula have seen a 57.40% increase in median value, while Units have seen a 64.11% increase. As at 31 October 2024:

  • The median value for Houses in Merimbula is $861,631 while the median value for Units is $521,351.
  • Houses have a median rent of $660 while Units have a median rent of $480.
There are currently 62 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 127 properties were sold in the past 12 months in Merimbula.

Suburb Insights for Merimbula 2548

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.