4/27 Ocean Drive, Merimbula NSW 2548

Water views | 2-bed, 2-bath apartment | Prime Fishpen position | Above-median quality | Lifestyle-driven demand This unit is competitively positioned well above Merimbula’s two-bedroom median, justified by its coastal aspect and proximity to Mitchies Jetty. The 78-square-metre internal area with two bathrooms and a single car space offers a configuration that suits both owner-occupiers seeking a low-maintenance lifestyle and investors targeting the premium end of the holiday rental market. The Fishpen precinct’s walkability and water orientation create a scarcity factor that supports price stability, particularly given the mature demographic profile of the suburb, which tends to favour quality over volume. The primary risk is the property’s off-market status, which may indicate limited urgency from the seller or a need for price adjustment if buyer interest does not materialise quickly. The 2015 sale at $255,000 and current estimates around $640,000 represent significant capital growth, but the absence of recent comparable sales data in the immediate precinct makes valuation confirmation essential. The fibre-to-the-node NBN connection is adequate but not a premium feature, while the lack of flood or bushfire overlays reduces insurance and resale risk. For a buyer seeking a well-located coastal unit with view potential, the opportunity lies in negotiating from a position of market knowledge, particularly if the property has been listed for more than a few weeks without offers.