164/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 40m2.
This resort motel unit is a studio unit in a complex of 96 units with restaurant, BBQ area, pools and tennis courts and set on approx 10 acres of landscaped grounds with limited parking at the front near reception
Ideal for the investor who also would like to enjoy short or long stays in their own unit and enjoy all the activities, bush walks, water fall, swimming holes and beaches on fabulous Magnetic Island, just a short 20 minutes ferry ride from the Townsville City in North Queensland.
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:
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