SOLD
Sold on 08 Apr 2024 for $539,000

14/16-18 Ocean View Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 110m2
Land area: 1542m2
Save

Property Details for 14/16-18 Ocean View Ave, Merimbula

14/16-18 Ocean View Ave, Merimbula is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 1542m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Merimbula in the last 12 months.

Building Type
Unit
Year Built
1994
Floor Size
110m2
Land Size
1542m2
Local Government
Bega Valley
Lot/Plan
14/SP50616

Last Listing description (March 2024)

Lakeside luxury
Large, modern, 4.5-star apartment
Stress-free, on-site managed complex

Escape to the pristine NSW Far South Coast in this 96m2, two-bedroom, two bathroom, fully furnished on-site managed apartment. This presents the perfect opportunity for an investor or regular Merimbula holiday-maker to take advantage of this exiting opportunity. Owners can occupy the apartment for up to 3 months per year.

The Albacore Apartments have set a standard in Merimbula for luxury, self-contained 4.5-star holiday accommodation. With panoramic Merimbula Lake views and a large north-east facing balcony you can "watch it all go by" ... fishing boats, oyster farmers, walkers, joggers and stand up paddle boarders!

These outstanding views are also enjoyed from the large open-plan kitchen, living and dining area. The apartment has a fully-equipped kitchen with electric oven and cooktop and full-size fridge, smart tv in the lounge and a convenient split system air-conditioner in the main living space and ceiling fans in both bedrooms.

Both bedrooms have queen beds and built-in wardrobes. Main with a modern ensuite bathroom. The large main bathroom has a generously sized spa bath and a handy tuck away laundry. The apartment is easily accessed via a lift, all the way from the secure underground car park, where there's an allocated car space.

Apartment number fourteen is located on the fourth floor of the 21-apartment complex. Facilites include a sparkling inground pool, courtyard and BBQ area.

Albacore Aprtments has an excellent pro-active management team with on-site reception open seven days a week. You don't have to worry about a thing at Albacore, unlike self-managing your own AirBnB where you need to coordinate bookings and cleaners, the team here do everything for you! The complex has excellent demand and occupancy rates so you can be confident in your stress-free investment.

Albacore Apartments are perfectly located to enjoy all of Merimbula's great attractions on foot. It's a five-minute level walk to the main shopping and eating streets filled with cafes, clubs and restaurants. Mitchie's Jetty, Main Beach and the Boardwalk are all also easily accessible. Merimbula has recently been voted number 6 in the Best Aussie Towns of the year, according to accommodation website Wotif. Start making new holiday memories with this great apartment in Merimbula.

Property History for 14/16-18 Ocean View Ave, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$539,000
08 Apr 2024
  • 08 Apr 2024
    Sold for $539,000
  • 14 Mar 2024
    Listed for Sale $539,000
  • 17 Jan 2024
    Sold
Sign in to see more transactions

Commute Calculator

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

Market Insights
Merimbula Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Merimbula Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.