8/40 Magnus StreetNelson Bay NSW 2315
Property Details for 8/40 Magnus St, Nelson Bay
8/40 Magnus St, Nelson Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1974. The property has a land size of 909m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (February 2022)
This tastefully refurbished two bedroom apartment is located just outside the heart of Nelson Bay. Just a short walk across the lane to the park and access to the waterfront, and halfway between the club and the marina.
The second storey apartment's open-plan living opens out onto a sunny balcony, which offers a snippet of water view. Both bedrooms are carpeted and feature built-in wardrobes.
There is a sunny breakfast bar in the kitchen, a lovely spot for coffee after a morning swim at the beach below. Whether you are seeking to owner occupy, holiday let or permanently lease, this apartment will make a great investment, low maintenance living or holiday escape.
Property History for 8/40 Magnus St, Nelson Bay, NSW 2315
- 03 Nov 2020Sold for $388,000
- 31 Dec 2019Listed for Rent $325 / week
- 11 Jan 2019Listed for Rent $325 / week
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0About 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 6,064 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.
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