OFF MARKET

8/121-123 Merimbula Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 54m2
Land area: 2864m2
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Property Details for 8/121-123 Merimbula Dr, Merimbula

8/121-123 Merimbula Dr, Merimbula is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 2864m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
Unit
Year Built
1977
Floor Size
54m2
Land Size
2864m2
Local Government
Bega Valley
Lot/Plan
8/SP12472

Last Listing description (November 2024)

Seize the chance to invest in this charming boutique apartment, featuring stunning elevated views of Merimbula and the ocean. This property not only promises a potential permanent rental return of $495-$500* per week, but also offers holiday rental potential of $150-$250* per night during peak season. Bathed in natural light from windows on three sides, the spacious layout includes generous living and dining areas that lead to a private northeast-facing balcony with breathtaking views. The modern kitchen and bathroom complement two comfortable bedrooms, each with built-in wardrobes. Recently updated with reverse-cycle air conditioning, this top-floor apartment provides access to excellent communal facilities and convenient carport parking. Its private entrance and desirable location in a boutique block make it exceptionally appealing to investors seeking both short-term and long-term rental options. Don't miss out on this prime opportunity to enjoy the vibrant Sapphire Coast lifestyle while maximizing your investment returns.

Property History for 8/121-123 Merimbula Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$185,000
27 Mar 2018
Listed for Rent
$220/w
22 Dec 2015
  • 17 Oct 2024
    Listed for Sale $495,000
  • 27 Mar 2018
    Sold for $185,000
  • 06 Mar 2018
    Listed for Sale $189,000
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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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