OFF MARKET

16/1-5 Ocean View Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 94m2
Land area: 7253m2
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Property Details for 16/1-5 Ocean View Ave, Merimbula

16/1-5 Ocean View Ave, Merimbula is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1984. The property has a land size of 7253m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2011.

Building Type
Unit
Year Built
1984
Floor Size
94m2
Land Size
7253m2
Local Government
Bega Valley
Lot/Plan
16/SP21721

Last Listing description (November 2011)

POPULAR PACIFIC HEIGHTS
This great two bedroom two bathroom fully furnished townhouse-style unit offers lake, ocean and town views from the living and main bedroom. Accessed by sliding glass doors from the stunning kitchen/dining, the property also enjoys a private courtyard at rear. The unit enjoys the convenience of carport at door, and the well-maintained complex itself offers heated swimming pool and attractive bbq area. This on-site managed property is priced to appeal to the holiday maker wishing to gain a foothold in the Merimbula property market.

Property History for 16/1-5 Ocean View Ave, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$142,500
18 Nov 2011
  • 18 Nov 2011
    Sold for $142,500
  • 19 May 2011
    Listed for Sale $179,000
  • 15 Jan 2010
    Listed for Sale $179,000
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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 3,593 properties. Over the last 5 years, Houses in Merimbula have seen a 59.02% increase in median value, while Units have seen a 64.31% increase. As at 30 September 2024:

  • The median value for Houses in Merimbula is $867,977 while the median value for Units is $514,621.
  • Houses have a median rent of $660 while Units have a median rent of $480.
There are currently 62 properties listed for sale, and 1 property listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 131 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.