OFF MARKET

3 Tern Close
Merimbula NSW 2548

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Land area: 1382m2
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Property Details for 3 Tern Cl, Merimbula

3 Tern Cl, Merimbula is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 1382m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Land Size
1382m2
Local Government
Bega Valley
Lot/Plan
193/DP793447

Last Listing description (March 2023)

Ideally located within moments of Merimbula township this rare dual occupancy opportunity has everything to offer. The light-filled interiors reveal an extensive free-flowing layout filled with warmth and character capturing stunning filtered views over Merimbula Lake. The upstairs home offers large master suite with walk in robe and ensuite bathroom, two generous sized bedrooms with robes and balcony/patio access, main bathroom with separate guest toilet and laundry, large open plan living with central kitchen, reverse cycle air-conditioning, wood combustion heater, extensive balcony and a double lock up garage.
Downstairs accommodates one bedroom with ensuite bathroom, open plan living with kitchenette, gas heating and access to a private patio space. Currently operating as a successful Air BnB with strong returns. Positioned on 1,366sqm of land the property also has under house access with storage room, solar power, established gardens and ample off street car parking options.
With incredible investment potential or the opportunity to purchase with family, do not let this rare opportunity pass you by.

Property History for 3 Tern Cl, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$920,000
28 Feb 2023
Listed for Rent
$470/w
11 Jul 2018
  • 28 Feb 2023
    Sold for $920,000
  • 21 Aug 2022
    Listed for Sale Price Guide $950,000
  • 08 Oct 2020
    Sold for $586,000
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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 64 properties listed for sale, and 2 properties 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.