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Sold on 26 Aug 2024 for $450,000

6/57-59 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 6/57-59 Ocean Dr, Merimbula

6/57-59 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Apartment sold in Merimbula in the last 12 months.

Building Type
Apartment
Local Government
Bega Valley
Lot/Plan
6/SP32191

Last Listing description (August 2024)

Your chance to own a commanding a position on the popular Fishpen Peninsula. Just a short stroll to some of Merimbula's best beaches, cafe's and main street, this contemporary ground floor unit is being sold without management rights giving you the flexibility to occupy when in the region for business, permanently, invest as a rental or use as your own beach home. Boasting a light filled open plan kitchen/living/dining, flowing freely onto a tiled entrance for entertaining and taking in the shared pool. Low maintenance, convenient living or staying is assured on what can simply be described as one of Merimbula's best locations. Body Corporate fees $4772pa.

Property History for 6/57-59 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$450,000
26 Aug 2024
  • 30 Sep 2024
    Listed for Rent $500 / week
  • 26 Aug 2024
    Sold for $450,000
  • 16 Aug 2022
    Listed for Sale $469,000
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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.

Suburb Insights for Merimbula 2548

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James Cravana
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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.