SOLD
Sold on 07 Feb 2024 for $640,000

4/49 Magnus Street
Nelson Bay NSW 2315

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 1523m2
Sold By
McGrath Port Stephens
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Property Details for 4/49 Magnus St, Nelson Bay

4/49 Magnus St, Nelson Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 1523m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Nelson Bay in the last 12 months.

Building Type
Unit
Year Built
1975
Floor Size
68m2
Land Size
1523m2
Local Government
Port Stephens
Lot/Plan
4/SP12872

Last Listing description (March 2024)

With incredible water views over Nelson Bay Marina, this sunny apartment is located only 200 metres to the waterfront and Nelson Bay's vibrant village lifestyle. This apartment is sure to impress owner occupiers, and astute investors.

- Located on the middle floor of the secure "Yarramundi" complex
- Two double bedrooms, both with built-in wardrobes

- Combined lounge/dining flowing to generous entertaining balcony
- Freshly renovated bathroom with separate bath and shower
- Undercover parking space, well maintained security complex
- Perfect north east aspect for summer breezes
- Split system air conditioning, linen cupboard
- Second balcony off the master bedroom
- Separate laundry on title in the complex, room for storage
- All furniture included in the sale

Property History for 4/49 Magnus St, Nelson Bay, NSW 2315

A timeline of how this property has performed in the market
Last Sold
$640,000
07 Feb 2024
  • 07 Feb 2024
    Sold for $640,000
  • 13 Dec 2023
    Listed for Sale $649,000
  • 07 Oct 2011
    Listed for Sale 369000
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About Nelson Bay 2315

The size of Nelson Bay is approximately 15.8 square kilometres. It has 24 parks covering nearly 56% of total area. The population of Nelson Bay in 2011 was 5,396 people. By 2016 the population was 5,811 showing a population growth of 7.7% in the area during that time. The predominant age group in Nelson Bay is 60-69 years. Households in Nelson Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nelson Bay work in a trades occupation. In 2011, 61.4% of the homes in Nelson Bay were owner-occupied compared with 63.6% in 2016.

Nelson Bay has 6,061 properties. Over the last 5 years, Houses in Nelson Bay have seen a 63.78% increase in median value, while Units have seen a 69.78% increase. As at 31 October 2024:

  • The median value for Houses in Nelson Bay is $1,011,265 while the median value for Units is $725,965.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 76 properties listed for sale, and 7 properties listed for rent in Nelson bay on OnTheHouse. According to CoreLogic's data, 262 properties were sold in the past 12 months in Nelson bay.

Suburb Insights for Nelson Bay 2315

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.