1 Cameron StreetMerimbula NSW 2548
Property Details for 1 Cameron St, Merimbula
1 Cameron St, Merimbula is a 5 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1979. The property has a land size of 1170m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (October 2020)
Prime development land of over 1170 m2 and located just metres from Merimbulas CBD. Offering the astute investor an opportunity to purchase a unique development site. An existing dwelling provides a stable holding income of $490 a week combined. The property features a 2 bedroom, 1 bathroom unit and a 3 bedroom, 1 bathroom unit. The zoning allows for multiple unit development and also offers a building height limit to facilitate 2 storey development. Build a luxury duplex which are very popular or build your dream home.
Zoned R3 Medium density residential.
2 units and tenants in place
Lake views available if development includes an second storey addition.
Property History for 1 Cameron St, Merimbula, NSW 2548
- 11 Jul 2018Listed for Sale $599,900
- 02 May 2017Sold
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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 3,592 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.
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