7/40 Magnus Street, Nelson Bay, NSW 2315 | Property Value & History | OnTheHouse
FOR SALE

7/40 Magnus Street
Nelson Bay NSW 2315

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 909m2
This property is currently on the market
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Property Details for 7/40 Magnus St, Nelson Bay

7/40 Magnus St, Nelson Bay is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 909m2 and floor size of 55m2.This Property is currently listed for sale with LJ Hooker Nelson Bay

Building Type
Unit
Year Built
1995
Floor Size
55m2
Land Size
909m2
Local Government
Port Stephens
Lot/Plan
7/SP14904

Last Listing description (August 2026)

Positioned in an elevated setting just a short stroll to the beach and Marina, this affordable two bedroom unit delivers a fantastic blend of lifestyle, convenience and low maintenance living in the heart of Nelson Bay.

Whether you're an investor looking for a rental property, or a first home buyer looking to get into the real estate market, this unit is one that you dont want to miss.

The functional kitchen offers storage and bench space, while both bedrooms are generously sized and have built in robes. A well-maintained bathroom and internal laundry facilities add to the home’s everyday practicality.

Key Features:
Two bedrooms with Built ins
Open plan living and dining area
Undercover balcony
Well-appointed kitchen with ample storage
Neat bathroom and internal laundry
Positioned in a quiet, elevated complex
Single car accommodation

Unbeatable Location
Enjoy the ultimate coastal lifestyle with Nelson Bay Beach just moments away, along with local cafes, restaurants, the marina, and shopping precinct all within 1km.

Wake up to sea breezes, spend your days by the water, and embrace everything this incredible location has to offer.

All information contained herein is gathered from sources we consider to be reliable. However, we, LJ Hooker Nelson Bay cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing. View our privacy policy here - https://www.ljhooker.com.au/legals/privacy-policy

Property History for 7/40 Magnus St, Nelson Bay, NSW 2315

A timeline of how this property has performed in the market
Last Sold
$364,000
25 Jun 2004
Listed for Rent
$520/w
13 Nov 2024
  • 14 Apr 2026
    Listed for Sale $585,000
  • 12 Nov 2024
    Listed for Rent $520 / week
  • 12 Apr 2023
    Listed for Rent $400 / week
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About Nelson Bay 2315

The size of Nelson Bay is approximately 15.8 square kilometres. There are 24 parks, covering nearly 56.0% of the total area. The population of Nelson Bay in 2016 was 5820 people. By 2021 the population was 6141 showing a population growth of 5.5% in the area during that time. The predominant age group in Nelson Bay is 60-69 years. Households in Nelson Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nelson Bay work in a professional occupation.In 2021, 66.60% of the homes in Nelson Bay were owner-occupied compared with 63.60% in 2016.

Nelson Bay has 6,134 properties. Over the last 5 years, Houses in Nelson Bay have seen a 31.49% increase in median value, while Units have seen a 31.51% increase. As at 31 July 2026:

  • The median value for Houses in Nelson Bay is $1,146,712 while the median value for Units is $742,300.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 88 properties listed for sale, and 15 properties listed for rent in Nelson bay on OnTheHouse. According to Cotality's data, 245 properties were sold in the past 12 months in Nelson bay.

Suburb Insights for Nelson Bay 2315

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.