FOR SALE
Offers Over $135,000

31/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 40m2
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Studio Apartment, Lifestyle and a return

Raine & Horne Magnetic Island proudly presents a fantastic opportunity to own a studio apartment set on approximately 10 acres of lush tropical gardens in Nelly Bay. Located within a large 96-unit resort complex, this property offers a range of amenities including a restaurant, large inground pool, tennis courts, and outdoor BBQ areas surrounded by beautifully maintained lawns, making it an ideal investment or personal holiday retreat.
The fully furnished studio apartment comes equipped with bedding, refrigerator, microwave, kitchen appliances, curtains, and kitchenware-everything you need for a comfortable stay. The resort is conveniently located just a short walk or bus ride from Nelly Bay Harbour and ferry terminal and is close to local amenities such as the IGA supermarket, chemist, doctors, schools, and police station.
The property operates under a strata title, with Body Corporate fees (including power and gas) and Townsville City Council rates (including water supply).
For further details or to arrange a private inspection, please contact Steve on 0499 500 032 or Ross on 0428 785 012.
Disclaimer: All information provided is for your convenience, but it is recommended that you conduct your own due diligence. Raine & Horne Magnetic Island assumes no liability for inaccuracies in the information, including but not limited to property size, pricing, and descriptions.

Property Details for 31/61-79 Mandalay Ave, Nelly Bay

31/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Studio. The property has a floor size of 40m2. The place is currently for sale with Raine & Horne Townsville.

Building Type
Studio
Floor Size
40m2

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About Nelly Bay 4819

The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 years. Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation. In 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.

Nelly Bay has 1,411 properties. Over the last 5 years, Houses in Nelly Bay have seen a 86.53% increase in median value, while Units have seen a 420.53% increase. As at 31 October 2024:

  • The median value for Houses in Nelly Bay is $657,220 while the median value for Units is $435,097.
  • Houses have a median rent of $550 while Units have a median rent of $575.
There are currently 36 properties listed for sale, and 4 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Nelly bay.

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Steve Leaumont
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