OFF MARKET

18/16-18 Ocean View Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 110m2
Land area: 1600m2
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Property Details for 18/16-18 Ocean View Ave, Merimbula

18/16-18 Ocean View Ave, Merimbula is a 2 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 1600m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1994
Floor Size
110m2
Land Size
1600m2
Local Government
Bega Valley
Lot/Plan
18/SP50616

Last Listing description (May 2023)

Two bedroom apartment
Stress-free, on-site managed complex
Unparalleled Merimbula Lake views

Embrace stress-free, luxury coastal living with this unit in Merimbula, on the beautiful NSW Far South Coast. (Available for owners to occupy for up to 3 months of the year.) The Albacore Apartments complex have set a standard in Merimbula for luxury, self-contained 4.5-star holiday accommodation. The 90m2, two bedroom, one bathroom, on-site managed apartment comes fully furnished and with nothing else to worry about except when you can plan your next visit.

There's something instantly calming about immersing yourself in a water view and watching the world go by. Albacore apartment number 18 is on the top floor of the 21-apartment complex offering unparalleled, panoramic Merimbula Lake views. Allow yourself to become mesmerised by the oyster farmers, fishing boats, kayakers and SUPs on the Lake. Enjoy your breakfast from the apartment's large, private balcony - the ideal vantage point to soak up the morning sun and salty air while becoming entranced by the comings and goings out on the Lake.

The apartment's large open-plan kitchen, living and dining area is light and bright and also offers excellent views of the Lake. The fully-equipped kitchen with electric oven and cooktop and full-size fridge has everything you could need during a holiday stay. There's a smart TV in the loungeroom, a convenient split system air-conditioner in the main living space and ceiling fans in both bedrooms. The main bedroom has a queen bed and large, mirrored built-in wardrobes. The second, smaller bedroom has a single bed. The large modern bathroom has a generously sized, level access shower and a handy concealed full laundry to do your holiday washing.

The complex also has a well-maintained pool - the perfect alternative if you've had enough beach time or the conditions aren't ideal. The adjoining large courtyard area is a great spot to relax in the afternoon sun and enjoy a holiday sundowner. It's also the ideal space for family or friends holidaying together to gather or to cook dinner at one of the electric BBQs and enjoy dinner outside. The apartment complex conveniently has a lift to all floors as well as a secure underground car park, where there's an allocated car space.

Albacore Apartments 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 here, unlike self-managing your own AirBnB where you need to coordinate bookings and cleaners, the team here do everything for you! Albacore 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 attractions on foot. It's a five-minute, level walk to the main shopping and eating streets filled with speciality shops, cafes, clubs and restaurants. Mitchie's Jetty, Main Beach and The Boardwalk are all also easily accessible and make for perfect destinations for your morning walk or coffee outing. Deservingly, Merimbula has recently been voted number six in the Best Aussie Towns of the year, according to accommodation website Wotif. Soak up the tranquillity of lakeside views with this apartment in pristine Merimbula.

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

A timeline of how this property has performed in the market
Last Sold
$475,000
01 May 2023
  • 01 May 2023
    Sold for $475,000
  • 03 Apr 2023
    Listed for Sale $479,000
  • 07 Jul 2014
    Sold for $295,000

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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.
There are currently 63 properties listed for sale, and 1 property listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Merimbula.

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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.