OFF MARKET

5/22 Elizabeth Street
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Last updated 11 Nov 2024
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Property Details for 5/22 Elizabeth St, Merimbula

5/22 Elizabeth St, Merimbula is a 2 bedroom, 2 bathroom Unit.

Building Type
Unit
Local Government
Bega Valley

Last Listing description (January 2022)

Perfectly positioned on Fishpen Road across the road from the lake, this immaculately maintained ground floor apartment is a fantastic lifestyle investment. Accommodation includes 2 bedrooms, 2 bathrooms, and open plan living. Features include reverse cycle air-conditioning, under cover parking and a shared swimming pool. A short stroll from the surf at Main Beach and to the centre of town. Not only is this one of the best complex's to stay in Merimbula, it also offers a solid return on investment. It would be hard to find a better investment in today's property market. The ground floor only makes this apartment more appealing eradicating the need to manoeuvre steps.
Having views over Merimbula lake and being a level walk to the nearby beaches & shops, add to the attraction of this holiday complex. Sails Apartments offer 4 star luxury accommodation, with swimming pool, BBQ area and well maintained grounds. Apartments in this complex are tightly held and highly sought after.

Property History for 5/22 Elizabeth St, Merimbula, NSW 2548

A timeline of how this property has performed in the market
  • 01 Dec 2021
    Listed for Sale $445,000

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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.