OFF MARKET

4/16-18 Ocean View Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 115m2
Land area: 1542m2
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Property Details for 4/16-18 Ocean View Ave, Merimbula

4/16-18 Ocean View Ave, Merimbula is a 2 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 1542m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1994
Floor Size
115m2
Land Size
1542m2
Local Government
Bega Valley
Lot/Plan
4/SP50616

Last Listing description (May 2023)

Lakeside luxury
Large, modern, 4.5-star apartment
Stress-free, on-site managed complex

Everyone has fond memories of holidays in beautiful coastal towns filled with long salty, sandy beach days, fish and chips for dinner and no schedule to keep. Start creating new memories at The Albacore Apartments in Merimbula on the pristine NSW Far South Coast.
This 96m2, two-bedroom, two bathroom, on-site managed unit is fully furnished and the perfect opportunity for an investor or regular Merimbula holiday-maker. Owners can occupy the apartment for up to 3 months per year.

The Albacore Apartments have set a standard in Merimbula for luxury, self-contained 4.5-star holiday accommodation. The first thing you'll notice is the panoramic Merimbula Lake view which beckons you out on to the large balcony. Imagine eating your breakfast on this north-east facing, sun-drenched space, watching fishing boats heading out or early-risers out for a morning SUP on The Lake. What a way to start your day!

The lakeside views are also enjoyed from the large open-plan kitchen, living and dining area. If you'd prefer to stay in to cook during your stay, the apartment has a fully-equipped kitchen with electric oven and cooktop and full-size fridge. The apartment has a smart tv in the lounge and 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 built-in wardrobes and a modern ensuite bathroom. The second bedroom has two single beds and mirrored built-ins. The large modern main bathroom has a generously sized spa bath and a handy concealed laundry for washing salty beach clothes. The apartment is easily accessed via a lift, all the way from the secure underground car park, where there's an allocated car space.

Apartment number four is located on the second floor of the 21-apartment complex, which is also conveniently the same level as the pool and courtyard area. When you've had enough beach time and are ready to wash the sand off, retreat back to The Albacore and enjoy the afternoon sun here. This large area with tables and a BBQ area is perfect for friends or families holidaying together to gather - or for cooking up fresh local seafood feast.

Albacore Aprtments 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 at Albacore, unlike self-managing your own AirBnB where you need to coordinate bookings and cleaners, the team here do everything for you! The complex 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 great attractions on foot. It's a five-minute level walk to the main shopping and eating streets filled with cafes, clubs and restaurants. Mitchie's Jetty, Main Beach and the Boardwalk are all also easily accessible. Merimbula has recently been voted number 6 in the Best Aussie Towns of the year, according to accommodation website Wotif. Start making new holiday memories with this great apartment in Merimbula.

Property History for 4/16-18 Ocean View Ave, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$490,000
27 Apr 2023
  • 27 Apr 2023
    Sold for $490,000
  • 24 Mar 2023
    Listed for Sale $479,000
  • 02 Mar 2018
    Sold for $60,000
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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.