OFF MARKET

2/16 Chapman Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 1480m2
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Property Details for 2/16 Chapman Ave, Merimbula

2/16 Chapman Ave, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 1480m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1981
Floor Size
54m2
Land Size
1480m2
Local Government
Bega Valley
Lot/Plan
2/SP17648

Last Listing description (December 2022)

U2 / 16 Chapman Ave, MERIMBULA

Lake one side and a surf beach the other side of you. BOTH some 150m (flat walk) from this wonderful holiday to let apartment. This location is the most sought after on the Sapphire Coast.

This on - site managed apartment provides the the occupants a levelled and easy stroll to shops, clubs and the boardwalk restaurants.

Located on the ground floor this apartment offers plenty of light and space, with a private outdoor courtyard.

Featuring 2 large bedroms, a modernised bathroom with washer and dryer, kitchen and a spacious living/dining area as well as reverse cycle A/C.

An added benefit of having no apartments on top of you, this single storey apartment is truely a cut above the rest.

Fully furnished for holiday letting, it offers the astute purchaser an opportunity to purchase a fantastic holiday getaway as well as a great investment showing a net return of around 4.5%.

The complex consist of 8 apartments including the on-site manager. There is off-street parking, BBQ area and a nice garden area.

This apartment is showing solid returns at a very attractive price. This really does have it all.

Have a look you wont be disappointed.

INSPECTIONS
Please contact owner to arrange a private viewing at your pleasure.

The Phone Code for this property is: 19429. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 2/16 Chapman Ave, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$193,000
09 Apr 2021
Listed for Rent
$440/w
30 Nov 2016
  • 28 Aug 2023
    Sold
  • 06 Aug 2021
    Sold
  • 09 Apr 2021
    Sold for $193,000
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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 3,597 properties. Over the last 5 years, Houses in Merimbula have seen a 67.45% increase in median value, while Units have seen a 61.38% increase. As at 30 November 2024:

  • The median value for Houses in Merimbula is $906,714 while the median value for Units is $492,460.
  • Houses have a median rent of $670 while Units have a median rent of $480.
There are currently 63 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Merimbula.

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