SOLD
RECENT ADVICE
Sold on 04 Sep 2024 for $207,000

2/44 Commercial Street
Merbein VIC 3505

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 190m2
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Property Details for 2/44 Commercial St, Merbein

2/44 Commercial St, Merbein is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 190m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Merbein in the last 12 months.

Building Type
House
Land Size
190m2
Local Government
Mildura
Lot/Plan
2/SP26625

Last Listing description (September 2024)

ITS ADDRESSED:
Discover the practicality and convenience of 2/44 Commercial Street in Merbein, a perfect opportunity for investors, first-time homebuyers, or retirees looking for a manageable living space. Set on a compact 190m2 block, this brick and concrete unit offers a cozy lifestyle in the heart of Merbein, just steps from essential amenities.

This well-kept unit features two bedrooms with built-in robes and a semi-ensuite to the master, providing a functional and straightforward layout. Accompanied by a single-car garage, the home offers secure parking and extra storage space, adding to its appeal.

The property is equipped with a split system air conditioner and an evaporative cooler, ensuring comfort regardless of the season. The interior is well-maintained and designed for ease of living and low maintenance, which is ideal for those looking to streamline their lifestyle.

Currently rented with a lovely tenant under a periodic lease at $230 per week, with a scheduled rental increase to $280 per week starting on 25/09/2024, this unit not only promises immediate rental returns but also potential for future growth in the vibrant Merbein market.

Key Features:

2 bedrooms with built-in robes and a semi-ensuite to the master
Practical and well-maintained living spaces
Single-car garage for secure parking and additional storage
Located conveniently close to Merbein’s shops, dining, and public transport
Current tenancy with an upcoming rental increase for a sound investment
Suitable for investors, first-time buyers, or retirees seeking a convenient lifestyle

Seize the opportunity to own a piece of Merbein at 2/44 Commercial Street, where comfort meets convenience in a welcoming community. Contact us today to arrange your viewing and discover why this unit is a wise choice for your next home or investment.

Embrace the simplicity and accessibility of this delightful unit, making everyday living both easy and enjoyable.

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Property History for 2/44 Commercial St, Merbein, VIC 3505

A timeline of how this property has performed in the market
Last Sold
$207,000
04 Sep 2024
Listed for Rent
16 Sep 2015
  • 04 Sep 2024
    Sold for $207,000
  • 26 Jul 2024
    Listed for Sale $199,000 - $218,900
  • 27 May 2021
    Sold for $145,000
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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 1,577 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.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Merbein.

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