OFF MARKET

1 Spray Street
Merricks Beach VIC 3926

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 97m2
Land area: 1450m2
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Last updated 29 Jul 2024
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Property Details for 1 Spray St, Merricks Beach

1 Spray St, Merricks Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 1450m2 and floor size of 97m2.

Building Type
Unit
Year Built
2001
Floor Size
97m2
Land Size
1450m2
Local Government
Mornington Peninsula
Lot/Plan
46/LP10700

Last Listing description (April 2020)

Auction Location: 1-4/33 Spray Street, Mornington.

A rare opportunity exists to secure these four, single level, villa units. On one title and to be sold as a whole, they are ideally positioned within walking distance to Morningtons bustling Main Street. Units 1,2 and 3 are currently let with a potential return of approximately $71,000 per annum at full occupancy.
All units comprise of:

two bedrooms
spacious living area
kitchen with gas hotplates and ample cabinetry
bathroom with shower & vanity, separate toilet, laundry
gas heating
single garage
total land size 1058m2 approx

This is a fantastic investment for your portfolio or SMSF.

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Property History for 1 Spray St, Merricks Beach, VIC 3926

A timeline of how this property has performed in the market
Listed for Rent
$320/w
17 Mar 2010
  • 07 Nov 2019
    Listed for Sale SOLD
  • 14 Feb 2010
    Listed for Rent - Price not available
  • 19 Sep 2009
    Listed for Sale FROM $345,000
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About Merricks Beach 3926

The size of Merricks Beach is approximately 1.7 square kilometres. It has 2 parks covering nearly 1.1% of total area. The population of Merricks Beach in 2011 was 354 people. By 2016 the population was 115 showing a population decline of 67.5% in the area during that time. The predominant age group in Merricks Beach is 50-59 years. Households in Merricks Beach are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Merricks Beach work in a professional occupation. In 2011, 81.4% of the homes in Merricks Beach were owner-occupied compared with 81% in 2016.

Merricks Beach has 263 properties.

    There are currently 1 property listed for sale, and 1 property listed for rent in Merricks beach on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Merricks beach.

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