3/7-9 Calendo Court, Merimbula NSW 2548

Ground-floor unit on large 1.6ha lot | Limited build flexibility | 21-day market exposure | Swimming pool liability risk | Rental yield at market median This property carries a measured but real risk: the 1.6-hectare lot size sounds generous but is shared across all units in the complex, meaning you own on-title land only under your unit. Pool maintenance and strata landscaping will clip your net rental yield—applied against a $510–$565 weekly rent, the holding cost premium is roughly $1,800–$2,400 per annum versus a standard unit block. The opportunity is the low buy-in for a ground-floor layout with built-in robes and open-plan living, which appeals strongly to downsizers and permanent renters. Your plain judgment: hold for steady cash flow, not capital gain speculation. The buying case rests on rarity: ground-floor units with a carport in a complex on a substantial landscaped lot are uncommon in Merimbula’s tighter market. The NBN and 5G coverage support remote workers, and the zoning avoids bushfire or flood overlays, reducing insurance premiums relative to coastal peers. This unit suits a buyer seeking reliable, low-maintenance rental income or a lock-and-leave holiday base in a high-demand Bega Valley location. The comparable sales data—median $470,000 for two-bedroom units in Merimbula, with fifty-four units sold this year at an average one hundred nineteen days on market—places this property’s position at a premium above median but below the top of its estimated range, suggesting disciplined pricing that gives you entry with modest upside room.