OFF MARKET

7/1-3 Ocean Drive
Merimbula NSW 2548

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 109m2
Land area: 2222m2
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Property Details for 7/1-3 Ocean Dr, Merimbula

7/1-3 Ocean Dr, Merimbula is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1989. The property has a land size of 2222m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
1989
Floor Size
109m2
Land Size
2222m2
Local Government
Bega Valley
Lot/Plan
7/SP40624

Last Listing description (August 2020)

Positioned in one of the most sought after locations you will find on The Fishpen in Merimbula is this stunning managed unit. Forming part of the popular Beaches apartment complex, this is an investment and holiday opportunity not to be missed. Featuring 3 generous bedrooms master with walk-in robe, 2 modern bathrooms and modern kitchen along with generous meals and living area which opens onto the sundrenched balcony looking over the stunning Merimbula Lake. Other features include a double lock up garage plus the convenience of a short 50m stroll to Merimbula Main Beach & Mitchies Jetty. If you have been looking for an affordable investment holiday unit that presents extremely well in a superior location this it! .

Property History for 7/1-3 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$280,000
24 Aug 2020
  • 24 Aug 2020
    Sold for $280,000
  • 18 May 2020
    Listed for Sale $300,000
  • 30 Mar 2017
    Listed for Sale $320,000
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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 63 properties listed for sale, and 1 property listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 132 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.