OFF MARKET

16/1-3 The Cove
Nelly Bay QLD 4819

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 119m2
Land area: 113m2
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Property Details for 16/1-3 The Cove, Nelly Bay

16/1-3 The Cove, Nelly Bay is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 113m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
2008
Floor Size
119m2
Land Size
113m2
Local Government
Townsville City
Lot/Plan
16/SP175581

Last Listing description (May 2014)

An Excellent Opportunity to Acquire a Quality 4.5 Star Apartment overlooking Nelly Bay Harbour
Located in the Harbour Precinct,
Beachside at Magnetic Harbour are the newest 4.5 star quality apartments on Magnetic Island. The Apartment #16 was a holiday rental property and

part of the rental pool before being offered for sale.
While currently unfurnished and at the very realistic price of just $320,000, a quality furniture package would make the total investment the most affordable on Magnetic Island at present given its great location.
The Apartment has an open plan living/dining/kitchen area which opens onto a large 3 metre balcony looking over Nelly Bay Harbour and out to Cleveland Bay. A laundry, storeroom and separate toilet are also located on the first floor level. The upper level has 3 bedrooms with the main having a walk-in robe, en-suite, spa and private balcony overlooking the Harbour. Air-conditioning is provided to all bedrooms as well as the Living Area.
Inspection is by appointment only, so call now to arrange yours and don't miss this great opportunity!!

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Property History for 16/1-3 The Cove, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$495,000
24 Feb 2023
Listed for Rent
$797/w
03 Nov 2022
  • 24 Feb 2023
    Sold for $495,000
  • 30 May 2014
    Listed for Rent - Price not available
  • 28 Jun 2013
    Listed for Sale $350,000
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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 1,406 properties. Over the last 5 years, Houses in Nelly Bay have seen a 79.13% increase in median value, while Units have seen a 85.65% increase. As at 31 August 2024:

  • The median value for Houses in Nelly Bay is $590,207 while the median value for Units is $408,142.
  • Houses have a median rent of $550 while Units have a median rent of $575.
There are currently 35 properties listed for sale, and 7 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.

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