131 Commercial StreetMerbein VIC 3505
Property Details for 131 Commercial St, Merbein
131 Commercial St, Merbein is a 1 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 874m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in February 2019.
Last Listing description (April 2019)
Opportunities don't come along like this one to often and with some elbow grease the potential is there to renovate and start your property portfolio at a very affordable level. With this very neat one bedroom home situated within walking distance to the local supermarket, post office, medical clinics and other businesses, parking the car and walking to town never got easier. In addition to the generous sized bedroom there is a seperate living, dining and kitchen with split system heating and cooling along with gas heating, an outdoor laundry and shedding. All this sits on a large block of land 875m2 (approx.) which is conveniently separated into two zones, keeping the littlies or pets secure while allowing cars to enter via the rear lane access. Perfect for first home buyers and renovators, the possibilities are endless.
Property History for 131 Commercial St, Merbein, VIC 3505
- 27 Feb 2019Sold for $120,000
- 11 Feb 2019Listed for Sale $112,000 - $123,000
- 16 Jul 2011Listed for Rent - Price not available
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0About Merbein 3505
The size of Merbein is approximately 34.5 square kilometres. It has 7 parks covering nearly 7.1% of total area. The population of Merbein in 2011 was 2,671 people. By 2016 the population was 2,699 showing a population growth of 1.0% in the area during that time. The predominant age group in Merbein is 50-59 years. Households in Merbein are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Merbein work in a trades occupation. In 2011, 73.2% of the homes in Merbein were owner-occupied compared with 71.5% in 2016.
Merbein has 1,584 properties. Over the last 5 years, Houses in Merbein have seen a 70.94% increase in median value, while Units have seen a 47.28% increase. As at 31 October 2024:
- The median value for Houses in Merbein is $330,388 while the median value for Units is $273,545.
- Houses have a median rent of $350 while Units have a median rent of $195.
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