7/53 Ocean DriveMerimbula NSW 2548
Property Details for 7/53 Ocean Dr, Merimbula
7/53 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Merimbula in the last 12 months.
Last Listing description (March 2024)
Known for its prime location on Ocean Drive and offering permanent living or the perfect holiday get away, unit 7 Beachfront Apartments is a now for sale. It offers easy access to main beach, situated just over 50 meters away, and is conveniently within a 200-meter level walk to the town and beautiful Merimbula Lake.
The unit itself is a solid construction, featuring double brick walls and a concrete slab foundation. Positioned on level 1, it benefits from a perfect north-east orientation, allowing it to capture warm winter sun.
The sun filled open plan boasts a spacious kitchen/living area, providing ample room for daily activities and entertaining. Additionally, there is a deck that offers picturesque views of the town and the lake, providing a relaxing outdoor space.
With two large bedrooms equipped with built-in wardrobes, the unit offers comfortable accommodation. The bathroom is roomy and includes a separate laundry /drying area, adding convenience to everyday living. Furthermore, there is a separate toilet for added privacy.
The property's well-maintained body corporate grounds contribute to its appeal. The neat and tidy grounds include a pool and a BBQ area, providing residents with leisure options and a pleasant outdoor atmosphere.
Overall, Unit 7 is suitable for various types of buyers. First home buyers can find a comfortable and well-located property to start their homeownership journey. Investors may appreciate the potential for rental income in this sought-after location. Additionally, holidaymakers looking for a vacation property can enjoy the unit's proximity to the beach, town, and lake.
Council fees: $2991.32 Per year.
Strata Fees: $3620 Per year.
Property History for 7/53 Ocean Dr, Merimbula, NSW 2548
- 22 Mar 2024Sold for $442,000
- 28 Jun 2023Listed for Sale PRICE GUIDE $490,000
- 05 Mar 2002Sold for $145,000
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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 3,591 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.
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