SOLD
Sold on 27 May 2024 for $475,000

5/16-18 Ocean View Avenue
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 1542m2
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Property Details for 5/16-18 Ocean View Ave, Merimbula

5/16-18 Ocean View Ave, Merimbula is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 1542m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Merimbula in the last 12 months.

Building Type
Unit
Year Built
1994
Floor Size
96m2
Land Size
1542m2
Local Government
Bega Valley
Lot/Plan
5/SP50616

Last Listing description (May 2007)

HOLIDAY HOME INVESTMENT!
Fantastic investment unit opportunity situated in central Merimbula. Boasting ocean and lake views this unit is in one of our most prestigious complex this area has to offer. Spacious open living area and generous sized bedrooms.
Don’t delay on this rare opportunity!

Property History for 5/16-18 Ocean View Ave, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$475,000
27 May 2024
  • 27 May 2024
    Sold for $475,000
  • 18 Sep 2009
    Sold for $234,150
  • 21 May 2006
    Listed for Sale 369000
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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.