OFF MARKET

92 Merimbula Drive
Merimbula NSW 2548

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 171m2
Land area: 803m2
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Property Details for 92 Merimbula Dr, Merimbula

92 Merimbula Dr, Merimbula is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 803m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
House
Year Built
1980
Floor Size
171m2
Land Size
803m2
Local Government
Bega Valley
Lot/Plan
54/DP25889

Last Listing description (December 2017)

This affordable investment featuring 3 apartments with lovely water views, cannot be overlooked.
Priced to sell and offering a good return for the successful purchaser.
1x 3 Bedroom apartment - recently renovated, new kitchen, freshly painted, new balcony, new carpet - featuring 2 living areas and large bedrooms and 2 bathrooms.

2x 2 Bedroom Apartments - one apartment with a new kitchen, each with 2 bedrooms, 2 bathrooms. Single lock up garage or option for 3rd bedroom.
Each apartment comes with a minimum of 2 car spaces (including garage). Each apartment has its own private balcony and private laundry within each.
Rental return is $820 per week on this investment.
3 Bedroom - $350 per week
2 Bedroom - $250 per week
2 Bedroom - $220 per week
Not currently a strata complex, but information/quote kept on file for reference regarding changing this property to a strata complex. Available on request.
Choose to live in one apartment and rent out the other 2 apartments or rent out all 3... the option is yours!
For further information and to arrange inspections please call 02 6495 4545

Property History for 92 Merimbula Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$685,000
13 Oct 2017
Listed for Rent
$270/w
03 Feb 2011
  • 03 Mar 2020
    Listed for Rent $335 / year
  • 13 Oct 2017
    Sold for $685,000
  • 22 Jun 2017
    Listed for Sale $699,000
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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.