8/16 Chapman AvenueMerimbula NSW 2548
Property Details for 8/16 Chapman Ave, Merimbula
8/16 Chapman Ave, Merimbula is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 1635m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in May 2014.
Last Listing description (October 2015)
For sale through COAST REAL ESTATE - Merimbula.
On-site Manager has a two storey brick apartment, 3 bedrooms (built-ins), 2 bathrooms, 2 kitchens, 2 lounge & dining areas. Ideally you could rent out the 2 bedroom area separately from the main living area. Situated in the lovely Fishpen area of Merimbula, the complex comprises of 7 x 2 bedroom apartments that all have been upgraded. Each features a fully equipped kitchen with full size refrigerator and oven. Car and boat parking is off street. A very easy 20 minute walk into town and handy to corner store and children's playground. Offering around a 10% return on the investment.
Property History for 8/16 Chapman Ave, Merimbula, NSW 2548
- 12 Nov 2020Sold
- 30 May 2014Sold for $260,000
- 07 Apr 2011Listed for Sale $395000
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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 3,592 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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