14-16 Reid StreetMerimbula NSW 2548
Property Details for 14-16 Reid St, Merimbula
14-16 Reid St, Merimbula is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 2010m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in March 2006.
Last Listing description (November 2018)
A unique opportunity exists to secure 2023sqm (approx.) of prime real estate in the heart of Merimbula. On offer are two adjoining allotments on one title to be sold as one brilliant package with incredible development potential (subject to council approval). One blocks currently have homes on site which could be leased earning you some serious rental income - until your plans are finalized. Adding to the appeal, this property boast a high profile position in Merimbula central in town close to all restaurants, cafes and the lake.
There is also plenty of opportunity for a home owner to own this renovated, cottage style 3 bedroom house with lovely hardwood timber flooring and have the vacant block next door to use as they please or subdivide off (STCA) and sell on to another potential purchaser.
Property History for 14-16 Reid St, Merimbula, NSW 2548
- 10 Nov 2017Listed for Sale $720,000
- 17 Aug 2015Listed for Rent - Price not available
- 13 Mar 2006Sold for $365,000
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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 3,592 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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