OFF MARKET

4/4 Reid Street
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 70m2
Land area: 1004m2
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Property Details for 4/4 Reid St, Merimbula

4/4 Reid St, Merimbula is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1986. The property has a land size of 1004m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
1986
Floor Size
70m2
Land Size
1004m2
Local Government
Bega Valley
Lot/Plan
4/SP72937

Last Listing description (April 2023)

Capturing the coastal Merimbula vibe, with a neutral colour palette throughout and a light filled north aspect, this well-maintained apartment offers an easy-care lifestyle in a sought-after location. Its walk-to-everywhere address is just a stroll to Main Street and many Merimbula shops, cafés and restaurants & bus services. Add to this the bonus of 2 undercover car parking spaces plus lockable storage cages below the unit, this makes for a rare opportunity to invest in a low maintenance, small complex with plenty of room in the heart of picturesque, laidback Merimbula.

- neutral colouring Refreshed interiors with
- Open living/dining/kitchen space filled with abundant natural light

- Covered terrace for all weather outdoor relaxing
- Good size kitchen with new oven and cooktop
- Two bright bedrooms, both with built in robes
- Neat and tidy bathroom appointed with separate large corner spa bath plus generous shower
- The added bonus of undercover car space x 2
- Small complex of only 5 units
- Level internal living with only 2 stairs at entrance
- Current rent is $380.00 per week
- Live in it, holiday let it or continue to rent it out " The choice is all yours!

With the property currently tenanted until October 2023, this is the perfect investment choice with big possibilities should you wish to call it home one day.

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Property History for 4/4 Reid St, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$500,000
11 Apr 2023
Listed for Rent
$380/w
27 Sep 2021
  • 11 Apr 2023
    Sold for $500,000
  • 19 Jan 2023
    Listed for Sale $539,000
  • 27 Sep 2021
    Listed for Rent $380 / week
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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 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 60 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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