OFF MARKET

242 Commercial Street
Merbein VIC 3505

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 140m2
Land area: 689m2
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Last updated 11 Nov 2024
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Property Details for 242 Commercial St, Merbein

242 Commercial St, Merbein is a 3 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 689m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in May 2019.

Building Type
House
Year Built
1960
Floor Size
140m2
Land Size
689m2
Local Government
Mildura
Lot/Plan
1/PS806733

Last Listing description (May 2019)

This property has so much appeal with nothing to do but move in. Featuring large modern kitchen, modernised bathroom, open plan living, this home will appeal to families wanting to be within walking distance to school and the river. Other features include 10ft ceilings, large soundproof games room, new wood heater and evaporative cooling. A well maintained and refurbished home, just waiting for new owners. Current rental appraisal of $290 per week.
Property Code: 357

Property History for 242 Commercial St, Merbein, VIC 3505

A timeline of how this property has performed in the market
Last Sold
$241,000
22 May 2019
  • 22 May 2019
    Sold for $241,000
  • 14 Feb 2019
    Sold for $239,000
  • 19 Nov 2018
    Listed for Sale $239,000 - $259,000

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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 1,584 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.
There are currently 21 properties listed for sale, and 2 properties listed for rent in Merbein on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Merbein.

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