OFF MARKET

5/57-59 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 63m2
Land area: 2485m2
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Property Details for 5/57-59 Ocean Dr, Merimbula

5/57-59 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1987. The property has a land size of 2485m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in April 2008.

Building Type
Unit
Year Built
1987
Floor Size
63m2
Land Size
2485m2
Local Government
Bega Valley
Lot/Plan
5/SP32191

Last Listing description (November 2016)

For sale through COAST REAL ESTATE - Merimbula.
Look at the location of the beaut investment property - adjacent to Merimbula's main beach, yet an easy walk to town with the shops, restaurant and clubs.
Set in the ever popular 'Peninsular' complex in Ocean Drive on Merimbula's Fishpen arm, this apartment has all you need as an investment for the future.

Inside there are two good sized bedrooms with builtins, an open planned living/ dining, handy kitchen with dishwasher and a separate bathroom and laundry. Outside there is a sparkling inground pool, large covered outdoor BBQ/ entertainment area and a kiddies play facility. All this is set in a lanscaped setting just a stones throw from the beach.
The complex has an experienced onsite manager who looks after your investment on a daily basis. The complex is very popular, has healthy repeat business and the apartment shows good returns. Ideal as a family investment for the future, or for a super fund. And don't forget, you can use it youself from time to time so you can have the best of both worlds. For sale fully furnished (but exludes dining setting).
Dont let this pass you by - call David on 6495 3200 for a private inspection

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Property History for 5/57-59 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$199,000
09 Apr 2008
  • 21 Apr 2015
    Listed for Sale $223,000
  • 09 Apr 2008
    Sold for $199,000
  • 21 Jan 1992
    Sold for $143,000

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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 3,593 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 62 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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