OFF MARKET

8/53 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 72m2
Land area: 1685m2
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Property Details for 8/53 Ocean Dr, Merimbula

8/53 Ocean Dr, Merimbula is a 2 bedroom, 1 bathroom Unit and was built in 1988. The property has a land size of 1685m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in October 2015.

Building Type
Unit
Year Built
1988
Floor Size
72m2
Land Size
1685m2
Local Government
Bega Valley
Lot/Plan
8/SP33729

Last Listing description (November 2024)

Unit 8 at Beachfront Apartments on the sought-after Ocean Drive is now available, offering an exceptional chance for permanent living, a lucrative investment, or the ultimate holiday retreat.

With Main Beach just 50 metres away and a flat 200-metres stroll to both the town centre and the picturesque Merimbula Lake, the location is second to none.

This solidly built unit features double brick construction and a concrete slab foundation, ensuring durability and low maintenance. Perfectly positioned on the ground floor with a desirable north-east aspect, the unit enjoys an abundance of natural light and warm winter sunshine.

Inside, the unit has been beautifully updated, offering modern comfort and style, including:
A new kitchen with sleek finishes, ample storage, and modern appliances.
A new renovated bathroom, designed with contemporary fixtures and fittings.
New carpets throughout the living and bedroom areas, creating a warm and inviting atmosphere.
New tiling for a fresh and polished look in key areas.

The open-plan layout features a bright and spacious kitchen/living area, ideal for daily living and entertaining. Step out onto the outdoor space to take in tranquil views of the complex gardens and the pool the perfect spot to relax with a coffee or enjoy evening sunsets.

The unit includes:
Two generously sized bedrooms with built-in wardrobes for excellent storage.
A separate laundry and drying area for added convenience.
An additional separate toilet for privacy.

This unit is move-in ready, and surrounded by beautifully maintained body corporate grounds, which include a pool and BBQ area, creating a resort-like atmosphere and all the furniture is included.

Why This Unit Stands Out:
Ideal for first-home buyers seeking a modern, convenient lifestyle.
Excellent rental potential for investors in a high-demand area.
The perfect holiday retreat, with close proximity to the beach, town, and lake.

Annual Fees:
Council Rates: Approx. $3,500
Body Corporate: Approx. $3,900

Don't miss this rare opportunity to secure a beautifully updated property that ticks all the boxes.

Call us today to arrange your private inspection!

Property History for 8/53 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$190,000
12 Oct 2015
  • 16 Nov 2024
    Listed for Sale $550,000
  • 12 Oct 2015
    Sold for $190,000
  • 15 Aug 2014
    Listed for Sale Not Disclosed
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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.
There are currently 62 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to CoreLogic's data, 129 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.