2/1-3 Ocean Drive, Merimbula, NSW 2548 | Property Value & History | OnTheHouse
OFF MARKET

2/1-3 Ocean Drive
Merimbula NSW 2548

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 90m2
Land area: 2221m2
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Property Details for 2/1-3 Ocean Dr, Merimbula

2/1-3 Ocean Dr, Merimbula is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1989. The property has a land size of 2221m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
1989
Floor Size
90m2
Land Size
2221m2
Local Government
Bega Valley
Lot/Plan
2/SP40624

Last Listing description (April 2024)

This 2 storey holiday-managed property in Beaches Apartments is located on the foreshores of Merimbula Lake and is as good as it gets when finding the perfect balance between a holiday home and a return on investment.

Everything you need for the perfect holiday is right at your doorstep. Grab a SUP board and cross the road for a paddle in Merimbula Lake, enjoy the views from the living area, relax outside around the pool and B.B.Q. area or stroll to Main Beach or Mitchies Jetty which you can see from your balcony. A flat walk across the bridge takes you back into town for restaurants shops and clubs.

This 2 bedroom, 2 bathroom unit with double lock up garage is onsite managed, so sit back, relax as someone else does the work. Built over 2 levels, each level has a bedroom and a bathroom which have both been recently renovated and the apartment painted throughout. The apartment faces north capturing the sun from morning to night. The unit also comes fully furnished with new furniture, new dishwasher & new air conditioner. All figures are available on request.

Property History for 2/1-3 Ocean Dr, Merimbula, NSW 2548

A timeline of how this property has performed in the market
Last Sold
$285,000
25 Mar 2020
  • 25 Mar 2020
    Sold for $285,000
  • 12 Dec 2019
    Listed for Sale $299,000
  • 12 Mar 2014
    Sold for $205,000
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About Merimbula 2548

The size of Merimbula is approximately 18.3 square kilometres. It has 14 parks covering nearly 8.6% of total area. The population of Merimbula in 2016 was 3544 people. By 2021 the population was 3821 showing a population growth of 7.8% in the area during that time. The predominant age group in Merimbula is 60-69 years. Households in Merimbula are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merimbula work in a professional occupation.In 2021, 63.00% of the homes in Merimbula were owner-occupied compared with 58.30% in 2016.

Merimbula has 3,601 properties. Over the last 5 years, Houses in Merimbula have seen a 46.23% increase in median value, while Units have seen a 68.79% increase. As at 30 November 2025:

  • The median value for Houses in Merimbula is $897,650 while the median value for Units is $550,747.
  • Houses have a median rent of $700 while Units have a median rent of $480.
There are currently 53 properties listed for sale, and 2 properties listed for rent in Merimbula on OnTheHouse. According to Cotality's data, 172 properties were sold in the past 12 months in Merimbula.

Suburb Insights for Merimbula 2548

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.