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Sold on 19 Nov 2024 for $295,000

2/125 Commercial Street
Merbein VIC 3505

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 201m2
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Property Details for 2/125 Commercial St, Merbein

2/125 Commercial St, Merbein is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 201m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Merbein in the last 12 months.

Building Type
Unit
Year Built
2003
Floor Size
94m2
Land Size
201m2
Local Government
Mildura
Lot/Plan
2/PS500326

Last Listing description (December 2024)

This well-maintained brick veneer unit is conveniently situated within walking distance to the vibrant center of Merbein Township. Boasting a spacious open plan living/dining area, a fully equipped kitchen with electric cooking appliances, two generously sized bedrooms with built-in robes, a bathroom with a shower and vanity, and a private outdoor undercover and paved entertaining area. Additional features include a split system reverse cycle heating and cooling system and a single car garage that provides secure parking. The property is currently leased at $280 per week until October 2025, presenting an appealing investment opportunity.

Property History for 2/125 Commercial St, Merbein, VIC 3505

A timeline of how this property has performed in the market
Last Sold
$295,000
19 Nov 2024
Listed for Rent
$235/w
21 May 2019
  • 19 Nov 2024
    Sold for $295,000
  • 17 Oct 2024
    Listed for Sale $285,000 - $305,000
  • 13 May 2019
    Listed for Rent $235 / week
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About 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 1,593 properties. Over the last 5 years, Houses in Merbein have seen a 69.03% increase in median value, while Units have seen a 64.71% increase. As at 30 November 2024:

  • The median value for Houses in Merbein is $337,673 while the median value for Units is $306,357.
  • Houses have a median rent of $350 while Units have a median rent of $195.
There are currently 18 properties listed for sale, and 2 properties listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Merbein.

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