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NSW › Merimbula › Sapphire Coast Dr

58 Sapphire Coast Dr, Merimbula NSW 2548

House

$740,000

Last sold

16 Dec 2024

3

Bedrooms

2

Bathrooms

0

Car spaces

942 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $740,000 (16 Dec 2024).(Recorded sale)
  • FactLand 942 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Merimbula (last 5 years) with land size: median $1,144/m² of land (n=64). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$740,000

16 Dec 2024 · derived via latest_sale

Local land rate: recorded House sales in Merimbula (last 5 years) with land size have a median of $1,144/m² of land (n=64). Districts calculation from recorded sales — not a valuation.

Merimbula at a glance

3,853

People

$908,000

Median sale

$479/wk

Median rent

2.74%

Suburb gross yield

Median sale from 31 recorded sales (last 12 months) — a Districts calculation.

See the full Merimbula report →

Vs Merimbula

-18.5%

Median sale

Suburb $908,000

+0.63 pp

Gross yield

Suburb 2.74%

Suburb median $908,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$740,00016 Dec 2024
  2. Listedprice unknowncompleted17 Sept 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $479/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Merimbula in one glance

Merimbula at a glance

3,853

People

$908,000

Median sale

$479/wk

Median rent

2.74%

Suburb gross yield

Median sale from 31 recorded sales (last 12 months) — a Districts calculation.

See the full Merimbula report →

Keep researching

  • Why Merimbula? Read the area thesis →
  • What else is on the market in Merimbula →
  • Other records on Sapphire Coast Dr →

Listing material

Listed by Kim Poso Properties

Adorable Retro Cottage

• Adorable cottage with ocean views

• Completely renovated

• Huge 942 square metre block with subdivision potential

Read the full description

The wisteria-covered arch over the front gate invites you inside this home's securely-fenced front yard and sets the scene for this quaint, character-filled cottage. All the hard work of modernising and updating the three-bedroom, two-bathroom cottage has recently been done, whilst ensuring the best of its original retro charm remains.

But what truly sets this property apart is its potential for future development. The expansive 942-square-metre block offers ample space for a range of possibilities: subdivide and build another home at the rear, construct a duplex (STCA), or create an ideal setup for dual family living or a lucrative Airbnb. The choice is yours!

Inside, the simple, nostalgic layout includes a light-filled, open-plan kitchen/dining/living room that is flooded with natural light throughout the day. The fresh, brand-new kitchen has a dishwasher, heaps of overhead storage and an impressive servery window opening out onto the back deck letting the fresh sea breeze inside.

The luxuriously large back deck, with its spectacular elevated views out over Merimbula Bay, Bar Beach and Short Point, is where you'll be spending most of your time. The deck is partly covered and has electric overhead heaters for year-round, all-weather comfort. There's more than enough room out here for a large outdoor dining table, barbecue and a separate sitting area. Imagine eating breakfast out here in the morning sunshine or entertaining friends on warm summer evenings, under the festoon lighting while the barbecue sizzles and the kids play in the backyard below.

The block provides a huge backyard with established fruit trees and vegie gardens and still more than enough room to park the boat or caravan, build a shed (STCA) or add a chook pen. There's also lots of off-street parking in the driveway at the side of the house.

Inside, new hardwood timber flooring has been laid throughout and the cottage's original, timber windows let in loads of sunlight to the three bedrooms. The completely renovated family bathroom has beautiful, modern finishings. The small reverse-cycle air conditioner in the loungeroom efficiently heats and cools the entire home.

Underneath the house is a very handy, fully-lined storage room, which could also have multiple other uses. Perfect for storing surfboards, SUPs or fishing gear, it also has potential as a home-gym, rumpus room or study. Also downstairs, is the large, fully-renovated laundry which has lots of storage space and a separate shower and toilet.

The cottage's location is an enviable less-than-10-minute stroll, or two-minute drive to town. Berrambool sporting complex is close and handy and there's a day-care centre just around the corner. The cottage is perfectly located to enjoy Merimbula's main shopping and eating streets filled with cafes, clubs and restaurants as well as your choice of the area's stunning beaches, National Parks and waterways.

This sweet, fully renovated Merimbula cottage offers not just a charming beachside home but also exceptional future investment potential—ideal for those looking to create a dual family living space, a profitable Airbnb, or simply a relaxed, low-maintenance holiday retreat.

Listing description written by Kim Poso, Kim Poso Properties — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Deck
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Water Tank

Also look at

Also for sale in Merimbula

  • U4, 43 Sapphire Coast Dr, Merimbula NSW 2548

    2-bed unit. Asking $465K.

    For sale
  • 72-78 Sapphire Coast Dr, Merimbula NSW 2548

    0-bed land. Asking $890K.

    For sale
  • 28 Sapphire Cres, Merimbula NSW 2548

    5-bed house for sale. Asking $1.25M.

    For sale
  • U7, 32-34 Main St, Merimbula NSW 2548

    2-bed unit. Asking $430K–$450K.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.