96/1 Elizabeth Street Merimbula NSW 2548

Large strata unit on oversized land | Merimbula central location | Three-bedroom apartment format | Two car spaces This property presents a rare configuration as a three-bedroom apartment on a substantial 2,526m² lot, an unusual offering in the unit market that suggests a share in a low-density strata scheme. Its position on Elizabeth Street places it centrally in Merimbula, serving a buyer seeking space and location over a standalone house. The two bathrooms and two car spaces strengthen its practicality for a family or as a permanent coastal residence. The primary risk is the ambiguity around the strata scheme’s specifics, including potential capital works liabilities and the actual lot entitlement on the large land parcel, which could affect future value and costs. The price guide reflects a premium for the land share and configuration. Proceed only after a strata report clarifies financials and bylaws. A Propcred report would validate the complex’s sales history and expose locality risks like zoning or insurance exposures to ground this valuation. Comparable sales data for the immediate complex or street was not detailed in the provided information, preventing a direct market value inference. Purchasing a report for 1 Elizabeth Street, as referenced, is necessary to establish a credible price benchmark.