2/44 Commercial StreetMerbein VIC 3505
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.
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
- 18 Aug 2024Sold for $207,000
- 26 Jul 2024Listed for Sale $199,000 - $218,900
- 27 May 2021Sold for $145,000
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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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