OFF MARKET

5/61 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 91m2
Land area: 2256m2
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Property Details for 5/61 Ocean Dr, Merimbula

5/61 Ocean Dr, Merimbula is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1991. The property has a land size of 2256m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2007.

Building Type
Unit
Year Built
1991
Floor Size
91m2
Land Size
2256m2
Local Government
Bega Valley
Lot/Plan
5/SP40029

Last Listing description (April 2007)

#1716 'SOUGHT AFTER LOCATIONnLocated opposite Merimbula's main Surf Beach the 'Apollo' complex is one of the areas finest apartment complexes. With only 12 two bedroom apartments and boasting generous pool area, covered BBQ, childrens' playground and 1/2 size tennis court this popular complex indeed 'has it all'.
Genuine vendors are inviting offers around the mid $300,000's for their appealing apartment. Located on the 1st floor this fully furnished investment property consists of two bedrooms (ensuite to main), bathroom with spa, full kitchen, lounge, separate meals area and two balconies. The main balcony is huge and quite a feature of this popular complex. There is designated undercover parking and a permanent 'on site' manager to let and maintain your investment property.

Property History for 5/61 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$330,000
04 Apr 2007
  • 04 Apr 2007
    Sold for $330,000
  • 19 Oct 2006
    Listed for Sale 350000
  • 28 Oct 2004
    Sold for $345,000
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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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