OFF MARKET

118/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 118/61-79 Mandalay Ave, Nelly Bay

118/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Townsville City

Last Listing description (May 2022)

Excellent well known and popular in Nelly Bay suburb on Magnetic Island, a tropical island.

(AS THIS IS A NEW LISTING, PHOTOS WILL BE SUPPLIED SOON).


Neat and tidy studio with appliances and furniture this unit is offered for sale. This unit has a internal door to access unit 117, next door which is also for sale. Perfect allowing more living area.

A great position in the resort. With unit facing tropical gardens and with its own private patio.

There are tennis courts, Olympic size swimming pool, garden area and playground for the kids. Off Street parking.

There is onsite holiday letting manager available or you can rent out as Air Bnb or option to use other agencies for rentals.

The resort is centrally located in Nelly Bay, with convenience of IGA supermarket, chemist, doctors, and the ferry terminal that commutes to Townsville.

There is bus lines that stop at the front of the resort, which meet the ferry time schedules. The ferry trips are approximately 25 minutes to Townsville.

As strata title units, Body Corporate Levies and Townsville City Rates apply to each owner.

For further information, call Pamela Chambers, licensee and realtor owner resident on Magnetic Island since year 2003.

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Property History for 118/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Listed for Rent
$220/w
26 Jun 2020
  • 15 Apr 2022
    Listed for Sale SOLD - Price Withheld

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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 5 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Nelly bay.

Suburb Insights for Nelly Bay 4819

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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.