38 Meringo StreetBega NSW 2550
Property Details for 38 Meringo St, Bega
38 Meringo St, Bega is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 834m2 and floor size of 184m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Last Listing description (October 2024)
Discover the perfect investment opportunity at 38 Meringo Street, Bega - a remarkable real estate gem presenting not one but two spacious units under one title. Embrace the ease of low maintenance living combined with attractive returns, all without the hassle of Body Corporate fees or multiple owners to contend with. This outstanding property is a rare find, ideal for astute investors seeking long-term gains and consistent rental income.
Key Features:
1. Dual Units, One Title: With the advantage of two independent units housed under one title, this property offers unique versatility and potential for double the returns.
2. Open Plan Living: Both units boast thoughtfully designed open plan living spaces, creating a comfortable and inviting atmosphere for tenants.
3. Lock-up Garage: Each unit comes equipped with its own secure lock-up garage, ensuring tenants have ample parking and storage space.
4. Long-Term Tenants: Benefit from the stability of long-term tenants who have found their ideal home in these units, providing a reliable and consistent rental income.
5. No Body Corporate Fees: Unlike many other multi-unit properties, this fantastic investment comes free from the burden of Body Corporate fees, maximizing your profitability.
6. Hassle-Free Ownership: With just one title to manage, you won't need to navigate multiple owners or complex decision-making processes, making your investment experience seamless and straightforward.
Current Investment Returns: The numbers speak for themselves - this property is currently generating a remarkable $650 per week in rental income. This impressive return on investment ensures your financial goals are well within reach.
Location: Nestled in the heart of Bega, this property enjoys the best of both worlds - a serene suburban setting while still being in close proximity to essential amenities, schools, parks, and public transportation. Bega's vibrant community and ever-growing demand for rental properties make this location an even more appealing choice for investors.
Seize this golden opportunity to secure a fantastic investment that promises rewarding returns and long-term potential. Whether you are a seasoned investor or new to the property market, 38 Meringo Street, Bega is a decision that will undoubtedly stand the test of time.
Don't wait! Contact us now to arrange a private inspection and secure your future with this remarkable dual-unit property.
Property History for 38 Meringo St, Bega, NSW 2550
- 15 Mar 2024Sold for $590,000
- 21 Jul 2023Listed for Sale Sold
- 12 Feb 2019Sold for $395,000
Recent sales nearby
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0About Bega 2550
The size of Bega is approximately 31.4 square kilometres. It has 19 parks covering nearly 2.6% of total area. The population of Bega in 2016 was 4668 people. By 2021 the population was 5013 showing a population growth of 7.4% in the area during that time. The predominant age group in Bega is 50-59 years. Households in Bega are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bega work in a labourer occupation.In 2021, 63.50% of the homes in Bega were owner-occupied compared with 61.70% in 2016.
Bega has 2,981 properties. Over the last 5 years, Houses in Bega have seen a 40.77% increase in median value, while Units have seen a 15.50% increase. As at 30 April 2026:
- The median value for Houses in Bega is $623,591 while the median value for Units is $426,134.
- Houses have a median rent of $550 while Units have a median rent of $465.
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