OFF MARKET

3/4 Omega Street
Merrijig VIC 3723

Bedrooms: 3
Bathrooms: 4
Car spaces: -
Land area: 123m2
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Property Details for 3/4 Omega St, Merrijig

Building Type
Commercial
Year Built
1978
Land Size
123m2
Local Government
Mansfield
Lot/Plan
3/PS516121

Last Listing description (February 2021)

Oak Apartment is brilliantly located in the Delatite Apartment complex. Consisting of 3 units, Oak Apartment is fully furnished and ready for you to simply relax and enjoy after a day on the ski-slopes, horse or bike riding or perhaps fly-fishing for trout. You can also take advantage of the booming year round holiday accommodation market with reliable management already in place.

Currently run as a holiday rental with an excellent annual return, the choice is yours, continue holiday letting or why not live in the main apartment and let out the 2 other units to earn extra income, or perhaps just use the property as your own holiday destination, large enough for all your family and friends.

- Oak is offered fully furnished with strong forward bookings

- The apartment has a great sized deck that over looks Mt Buller and Mt Timbertop
- Literally millions of people visit the area each year throughout all the seasons
- The Delatite Apartments are in a prime position to capture year round bookings
- Only minutes to Mt Buller and Mt Stirling snowfields and epic mountain bike tracks
- Road bike riders love the hill climbs with numerous local training and race events
- You can walk down to the beautiful Delatite River and cast your line to catch a trout
- Or cross the road to the horse riding lodge and head out on a trail riding adventure
- The iconic Hunt Club Hotel is adjacent for guests to enjoy hearty meals and a few drinks
- On site facilities include a pool that captures a million dollar view, a BBQ area plus a full size tennis court
- The owners corporation is professionally managed with reasonable quarterly fees
- You can run the property as a high performing investment or use yourself as you wish
- Free self parking on site, picnic area, premium bedding and furniture included

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Property History for 3/4 Omega St, Merrijig, VIC 3723

A timeline of how this property has performed in the market
Last Sold
$358,000
19 Jan 2021
  • 19 Jan 2021
    Sold for $358,000
  • 20 Jan 2020
    Listed for Sale $350,000 - $385,000
  • 25 Jun 2003
    Sold for $139,000

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About Merrijig 3723

The size of Merrijig is approximately 157.3 square kilometres. It has 1 park covering nearly 46% of total area. The population of Merrijig in 2011 was 705 people. By 2016 the population was 539 showing a population decline of 23.5% in the area during that time. The predominant age group in Merrijig is 10-19 years. Households in Merrijig are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrijig work in a professional occupation. In 2011, 67.6% of the homes in Merrijig were owner-occupied compared with 73.4% in 2016.

Merrijig has 540 properties. Over the last 5 years, Houses in Merrijig have seen a 88.21% increase in median value, while Units have seen a 60.85% increase. As at 31 August 2024:

  • The median value for Houses in Merrijig is $869,617 while the median value for Units is $623,527.
  • Houses have a median rent of $500.
There are currently 17 properties listed for sale, and 1 property listed for rent in Merrijig on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Merrijig.

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