OFF MARKET

5/40 Main Street
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 107m2
Land area: 2301m2
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Last updated 28 Oct 2024
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Property Details for 5/40 Main St, Merimbula

5/40 Main St, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 2301m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
Unit
Year Built
1987
Floor Size
107m2
Land Size
2301m2
Local Government
Bega Valley
Lot/Plan
5/SP32511

Last Listing description (March 2023)

Ticking all the right boxes this fabulous unit offers much to all and is located right in the heart of town. Absolutely no restrictions on this wonderful ground level property as you can either live in permanently or rent out for an income the choice is yours. Features include 2 bedrooms with robes, spacious lounge with reverse cycle air conditioner, dining area, well appointed kitchen with dishwasher and electric cooker, modern bathroom, separate laundry, courtyard at rear and a single car space. Situated just a level short walk to everything this great complex really offers the perfect easy living lifestyle.
Strata Levies: approximately $5000 per annum Council Rates: approximately $2700 per annum.

Property History for 5/40 Main St, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$442,000
02 Mar 2023
Listed for Rent
$330/w
29 May 2020
  • 02 Mar 2023
    Sold for $442,000
  • 17 Mar 2020
    Listed for Rent $330 / week
  • 03 Feb 2020
    Sold for $310,000
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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 3,594 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 64 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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