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Sold on 04 Dec 2023 for $520,000

3/22 Reid Street
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 126m2
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Property Details for 3/22 Reid St, Merimbula

3/22 Reid St, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Merimbula in the last 12 months.

Building Type
Unit
Floor Size
126m2
Local Government
Bega Valley
Lot/Plan
3/SP18599

Last Listing description (December 2023)

Located only a few minutes walk in to Merimbula's cafes, shops and clubs this superbly renovated 2 bedroom unit is sure to impress.
Oozing character and style featuring new in vogue fixtures and fittings. The spacious kitchen features soft close black cabinetry with timber benchtops. There are built in robes in both bedrooms and the floor to ceiling tiling in the bathroom adds to the classy finish. The north east aspect provides wonderful natural light and warmth through large windows and there is reverse cycle heating and cooling in place.
Enjoy summer bbq's on your balcony overlooking the leafy surrounds and the tranquil sights and sounds of our colourful coastal birdlife.

The unit is privately positioned at the rear of the small complex of 4. Secure parking plus plenty of extra storage space in the oversize 41m2 lock up garage.
The communal green area provides an additional outdoor space to relax and soak up the lifestyle.
The outgoings include council rates of $3287pa and strata fees $4540pa.

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Property History for 3/22 Reid St, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$520,000
04 Dec 2023
  • 01 Dec 2023
    Sold for $520,000
  • 28 Sep 2023
    Listed for Sale $550,000
  • 22 Mar 2019
    Sold for $310,000
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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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