OFF MARKET

7/55 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 1686m2
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Property Details for 7/55 Ocean Dr, Merimbula

7/55 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 1686m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1989
Floor Size
75m2
Land Size
1686m2
Local Government
Bega Valley
Lot/Plan
7/SP36088

Last Listing description (June 2021)

This 1st floor investment unit in the Fishpen area is well worth your attention. North facing to embrace the sun, with 2 bedrooms and a lock up garage, it's one of the best locations in town. Bondi beach eat your heart out! If you desire an investment property in Merimbula then this unit is a must to inspect. Let our agents explain the benefits of a unit that works for you financially as well as offering you the freedom to holiday and enjoy a subsidised break.
2 Bedroom 1 Bathroom
New Kitchen

Lock up garage
Excellent presentation and recently recarpeted.
Complex features pool and bar-b-que facilities
Popular holiday location
Quality fittings and furniture, including new lounge suite
Only 50 metres to Merimbula Main Beach

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Property History for 7/55 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$225,000
29 Apr 2021
  • 29 Apr 2021
    Sold for $225,000
  • 10 Nov 2011
    Listed for Sale $239,000
  • 29 Apr 2004
    Sold for $240,000
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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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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.