OFF MARKET

7/1 Dunns Lane
Merimbula NSW 2548

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 6413m2
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Property Details for 7/1 Dunns Lane, Merimbula

7/1 Dunns Lane, Merimbula is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 6413m2. While the property is not currently for sale or for rent, it was last sold in January 2019.

Building Type
Unit
Year Built
1989
Land Size
6413m2
Local Government
Bega Valley
Lot/Plan
7/SP35462

Last Listing description (June 2020)

This fantastic ground level apartment is part of the Aquarius complex and enjoys prime position on the Fishpen Peninsular. Currently holiday let but not restricted by a management agreement the apartment lends itself to a number of purchasers. The property comprises 3 bedrooms (master with ensuite), a central living area, combined bathroom laundry and an open plan kitchen. Facilities include an indoor swimming pool, outdoor swimming pool, spa, tennis court, BBQ area, playground with close proximity to the beach. Generating excellent returns, the apartment represents incredible value for the astute investor or for those looking to secure a bolthole in the area. Please note that whilst the property is not in a holiday management agreement, due to council restrictions it can only be occupied for maximum intervals of 3 months.

Property History for 7/1 Dunns Lane, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$197,000
21 Jan 2019
  • 21 Jan 2019
    Sold for $197,000
  • 12 Sep 2018
    Listed for Sale $199,000
  • 03 Feb 2017
    Sold for $140,000
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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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