OFF MARKET

4/31 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 711m2
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Last updated 18 Nov 2024
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Property Details for 4/31 Ocean Dr, Merimbula

4/31 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 711m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in November 2018.

Building Type
Unit
Year Built
1987
Floor Size
71m2
Land Size
711m2
Local Government
Bega Valley
Lot/Plan
4/SP76245

Last Listing description (November 2018)

Soak up the morning summer sun and enjoy coastal living at its best from this ocean front penthouse apartment. Offering beautiful ocean views and gorgeous outlook over Ford Oval and nearby park, this apartment is a rare find. Live in this apartment permanently, holiday let or rent out as an investment, the choice is yours. The apartment is spacious and includes a generous kitchen with granite bench tops, stainless steel appliances and ample storage. The adjoining lounge dining area soak up the beautiful views and opens up to a full length veranda. The two bedrooms, are spacious and include built in wardrobes, the master with walk in robe and its own veranda to capture the northerly sun. The bathroom enjoys a spa bath and separate powder room plus an additional internal storage room. To top off this fabulous apartment is a designated carport plus large storage area with separate private laundry room, an ideal area to store bikes, kayaks, surfboards etc.

Property History for 4/31 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$485,000
22 Nov 2018
  • 22 Nov 2018
    Sold for $485,000
  • 30 Oct 2018
    Listed for Sale $489000
  • 19 Aug 2016
    Sold for $385,000
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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.

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