2/7 Henwood Street, Merimbula NSW 2548
2/7 Henwood Street, Merimbula NSW 2548
Central 2-bed unit | walk to shops and beaches | compact strata living | investor-friendly yield | Merimbula
Position is the dominant strength of this compact two-bedroom unit, near Merimbula’s shops, beaches, and cafés. Units in this central pocket are sought by downsizers, investors, and coastal lifestyle buyers, with the strata arrangement seen as an advantage for those who prefer external upkeep handled by others. For a lock-and-leave coastal base, the small floor plan is not a weakness; costs are kept modest and tenancy is easy to establish when the property is not in use. The configuration of two bedrooms, one bathroom, and a single car space is best matched to a couple, single person, or investor seeking holiday rental exposure.
Body corporate fees may be a meaningful factor, as strata costs are reflected in net return. Kitchen and bathroom condition might influence sale speed, since presentation is given strong weight. A view or deck could lift its standing, though the unit may lack both. Unit stock absorbs slowly, so a longer sale period might be expected, leaving negotiation room.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/7 Henwood Street, Merimbula NSW 2548
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Merimbula, on the Sapphire Coast, is a dual residential-holiday market with a clear price split: houses hold medians from $823,000 to $952,500 depending on source, while units, at 39.8% of stock, sit near $495,000–$550,000. Turnover is thin—47 to 61 house sales annually—and recent growth readings vary widely, from 0.85% to 6.9% for houses and -8.33% to +7.2% for units. Houses average 91–94 days on market, with gross yields of 3.3–3.96%; units yield 4.7–4.98%. Demand is driven by first home buyers, downsizers and investors, aided by a median house price below the NSW average of $1,211,507, plus lifestyle and tourism appeal. The market is nonetheless assessed as overvalued above long-term trend, leaving prices sensitive to interest rates, economic conditions and local development outcomes.
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PropCred Estimated Value
Comparable Sales: 9 Henwood Street (3-bed house) sold $825,000 | Property Price Band: $450K-$550K | Value Drivers: central location, presentation, unit layout
Bedrooms
2
Bathroom
1
Parking
1
Land
1201m²
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