Back 6/2 Kyeamba Street
Off Market

6/2 Kyeamba Street

Merimbula NSW 2548

2
1
2
0 m²
Apartment
Last sold for $427,000
Kim PosoKim Poso, last sold this property on 21 May 2025 after 195 days on market.

Overview

Outstanding Investment Opportunity – Comfort, Convenience & Impressive Returns

Looking for the perfect investment? This 2-bedroom ground-floor unit is an absolute standout, offering a solid rental return of $450 per week and an asking price of just $429,000. With a motivated vendor eager to sell, this is an exceptional chance to secure a high-performing property in the heart of Merimbula. What's on Offer: Fantastic Rental Yield: Currently rented for $450 per week, this property promises an excellent return for investors. Inviting Living Spaces: Tiled lounge, dining, and kitchen areas create a welcoming and low-maintenance space to relax or entertain. Leafy Balcony: Enjoy a private balcony surrounded by greenery. Functional Galley Kitchen: Light-filled and practical, perfect for everyday living or tenants. Cozy Bedrooms: Both carpeted for added warmth, offering the perfect retreat at the end of the day. Ample Parking & Storage: Single lock-up garage PLUS an additional allocated car space. Why You'll Love It: Set in a small, tidy complex of only six units, this property offers a peaceful and low-maintenance lifestyle. Just a one-minute walk to Merimbula's vibrant town center, where shops, clubs, cafes, and restaurants await. Close proximity to the stunning lake and beaches makes it a desirable location for tenants or owners. Who's It For? This property is ideal for investors seeking strong returns, first-time buyers wanting a solid start, or downsizers craving a low-maintenance lifestyle. With its excellent location, motivated vendor, and fantastic rental return, this unit is an investment opportunity you can't afford to miss.

Features

2 bedrooms
1 bathroom
2 carspaces
1 open car space
1 garage space
0 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Merimbula over the last 12 months, the estimated median property value of 6/2 Kyeamba Street is $485k.

Median value
$485k
Estimated value range
$345k - $675k
Median days on market
94
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Merimbula. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 6/2 Kyeamba Street

2025
Sold
$427,000
21 May 2025 by Kim Poso, of Kim Poso Properties
2021
Rented
Undisclosed
Leased on 26 Apr 2021 by McGrath Merimbula
2017
Sold
$237,000
29 Aug 2017 by Robert Schadel, of Fisk & Nagle First Choice Merimbula

Happy sellers in Merimbula

68%
68% of sellers in Merimbula reported that their sale price either exceeded or met their price expectations.

Merimbula stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 35 reviews in Merimbula over the last 12 months.

Local market activity for 2 bedroom apartments in Merimbula

In the last 12 months, 25 two-bedroom apartments similar to 6/2 Kyeamba Street, have been sold.

This represents a 17% increase in two-bedroom apartments sales when compared to the previous 12 months.

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