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.

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.

Suburb Insights for Merbein 3505

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Luke Walker
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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.