SOLD
Sold on 16 Feb 2024 for $460,000

18-19 Terrace Place
Nelly Bay QLD 4819

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1285m2
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Property Details for 18-19 Terrace Pl, Nelly Bay

Building Type
Land
Land Size
1285m2
Local Government
Townsville City
Lot/Plan
52/SP155546

Last Listing description (July 2021)

This large 1285m2 block is located in the 'medium density residential precinct' within a Priority Infrastructure Area allowing for a large home-site, dual occupancy or multi-units, subject to council approval. Previously approved for a three storey ten unit complex, developers should see the value here with the Magnetic Island market showing significant signs of recovery.

There is also the option to sub-divide now or later into two or three lots.

With three street frontage, the options open up, and the location is superb, close to the ferry terminal, school, shops, medical centres, restaurants & cafes and just steps from the beach

Being within the marina precinct, owners have the option of purchasing marina berth leases on the nearby D-arm section of the Magnetic Marina.

Town water, underground power and sewerage are all available in the street.

This land is priced to sell in today's market - call today for more information.

Property Code: 1131

Property History for 18-19 Terrace Pl, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$460,000
16 Feb 2024
  • 16 Feb 2024
    Sold for $460,000
  • 20 Apr 2021
    Sold for $290,000
  • 27 Sep 2020
    Listed for Sale $299,000
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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 91.28% increase in median value, while Units have seen a 35.83% increase. As at 30 November 2024:

  • The median value for Houses in Nelly Bay is $679,186 while the median value for Units is $448,973.
  • Houses have a median rent of $550 while Units have a median rent of $455.
There are currently 32 properties listed for sale, and 4 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 89 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.