5/22 Elizabeth StreetMerimbula NSW 2548
Property Details for 5/22 Elizabeth St, Merimbula
5/22 Elizabeth St, Merimbula is a 2 bedroom, 2 bathroom Unit.
Last Listing description (January 2022)
Perfectly positioned on Fishpen Road across the road from the lake, this immaculately maintained ground floor apartment is a fantastic lifestyle investment. Accommodation includes 2 bedrooms, 2 bathrooms, and open plan living. Features include reverse cycle air-conditioning, under cover parking and a shared swimming pool. A short stroll from the surf at Main Beach and to the centre of town. Not only is this one of the best complex's to stay in Merimbula, it also offers a solid return on investment. It would be hard to find a better investment in today's property market. The ground floor only makes this apartment more appealing eradicating the need to manoeuvre steps.
Having views over Merimbula lake and being a level walk to the nearby beaches & shops, add to the attraction of this holiday complex. Sails Apartments offer 4 star luxury accommodation, with swimming pool, BBQ area and well maintained grounds. Apartments in this complex are tightly held and highly sought after.
Property History for 5/22 Elizabeth St, Merimbula, NSW 2548
- 01 Dec 2021Listed for Sale $445,000
Recent sales nearby
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About Merimbula 2548
The size of Merimbula is approximately 18.3 square kilometres. There are 14 parks, covering nearly 8.6% of the 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 3,609 properties. Over the last 5 years, Houses in Merimbula have seen a 34.05% increase in median value, while Units have seen a 46.04% increase. As at 30 April 2026:
- The median value for Houses in Merimbula is $942,798 while the median value for Units is $538,432.
- Houses have a median rent of $700 while Units have a median rent of $480.
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