OFF MARKET

3/31 Ocean Drive
Merimbula NSW 2548

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 711m2
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Property Details for 3/31 Ocean Dr, Merimbula

3/31 Ocean Dr, Merimbula is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 711m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1980
Land Size
711m2
Local Government
Bega Valley
Lot/Plan
3/SP76245

Last Listing description (June 2020)

Located just metres away from the popular main beach and thriving in the fabulous tourist precinct is this ideal apartment. Features 1 bedroom, 1 bathrooms, living area leading to alfresco area with ocean views, well appointed kitchen with dishwasher and meals area and comes fully furnished. Just a level short walk over the bridge to town where you can enjoy Merimbulas cafes & shopping hub.

Property History for 3/31 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$449,000
23 Apr 2021
Listed for Rent
$325/w
17 Jun 2020
  • 23 Apr 2021
    Sold for $449,000
  • 31 Mar 2020
    Listed for Rent $325 / week
  • 08 Nov 2018
    Sold for $345,000
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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.

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