7/40 Main StreetMerimbula NSW 2548
Property Details for 7/40 Main St, Merimbula
7/40 Main St, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 2376m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (March 2020)
- Extremely well maintained 2 bdrm apartment in the centrally located "Capri" Apartments on Main St with magnificent views through to Bar and beyond!
- Sunny and bright kitchen with dishwasher, good size lounge/dining, bathroom with sep toilet and 2 generous bedrooms with built-ins.
- Car space allocation, common areas to share with sparkling inground pool and BBQ. Put the car keys away as you can walk to everything Merimbula has to offer. Live in, rent out or Airbnb - either way you can't go wrong.
- Body corporate approx. $4000 per year.
- Potential holiday letting returns approx. $16,000 per year.
Property History for 7/40 Main St, Merimbula, NSW 2548
- 25 Mar 2020Sold for $325,000
- 05 Mar 2020Listed for Sale $330,000
- 30 Jun 2017Sold for $200,000
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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.
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