12/131 Merimbula DriveMerimbula NSW 2548
Property Details for 12/131 Merimbula Dr, Merimbula
12/131 Merimbula Dr, Merimbula is a 1 bedroom, 1 bathroom Unit and was built in 1991. The property has a land size of 4015m2. While the property is not currently for sale or for rent, it was last sold in February 2016.
Last Listing description (July 2022)
Affordable First Home Or Investment Opportunity. Ideally suited for someone seeking fully self-contained accommodation ready to move into or the astute investor.-Conveniently located close to public transport-Reverse cycle air-conditioning for comfort all year round-Carpeted living area for warmth and comfortThis one bedroom motel style unit in a un-managed complex offers the astute buyer or investor the chance to have a weekend getaway or a rental property. Body Corps are $2,800 a year and the rates are approx $2,500 a year. Rental return is projected to be $220-$225 per week. This gives a gross return of approx 7.5%. An inspection is a must and it will not disappoint. Be quick and call for more information, today.
Property History for 12/131 Merimbula Dr, Merimbula, NSW 2548
- 31 Oct 2019Listed for Sale $150,000
- 22 Nov 2018Listed for Rent - Price not available
- 03 May 2017Listed for Rent $190 / week
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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.
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