148/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 148/61-79 Mandalay Ave, Nelly Bay
148/61-79 Mandalay Ave, Nelly Bay is a 0 bedroom, 1 bathroom Unit and was built in 1975.
Last Listing description (March 2021)
This standard Studio Unit is in the motel resort of "Amaroo on Mandalay" at Nelly Bay, where there are 96 units in total, a restaurant, bar, in-ground pool, 2 tennis courts and established grounds, BBQ Gazebo backing onto a Nature reserve at the rear of the complex with abundance of flora and fauna in the area.
There are 3 styles of Studio Unit, Standard, Executive and Family. This one is a Standard unit in a block of 6 in the 4rd row from the front with eazy access to the pool and restaurant.
The unit is furnished, air-conditioned and screened and has a small fridge, microwave, jug and toaster.
If you are looking for the Investment opportunity where you can also utilise it for personal use yourselves from time to time or for holiday rental, go no further than Beautiful Magnetic Island Resort.
The Resort is located on a bus route a short drive to the Nelly Bay Ferry and only a short walk to the ferry terminal. Travel in the Ferry is approx 20 Minutes
This unit does need renovation, but a recent renovated unit in the complex has recently sold for $33,500 in August. 2020
Property History for 148/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 07 Nov 2019Listed for Sale $25,000
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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 1,412 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.
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