401/4 Nelson Street, Mackay, QLD 4740 | Property Value & History | OnTheHouse
OFF MARKET

401/4 Nelson Street
Mackay QLD 4740

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 97m2
Land area: 158m2
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Last updated 22 Dec 2025
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Property Details for 401/4 Nelson St, Mackay

401/4 Nelson St, Mackay is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 158m2 and floor size of 97m2.

Building Type
Unit
Floor Size
97m2
Land Size
158m2
Local Government
Mackay Regional

Last Listing description (May 2024)

Unit 401, Lanai Apartments is city living at its finest. The three-bedroom, two-bathroom furnished apartment revels in the best Mackay has to offer: panoramic river views only a stroll from the vibrant city centre.In a world and class of its own, this spacious apartment is ideal for anyone looking for stylish city living.With pale timber look vinyl flooring and crisp white paint throughout, the 158sqm is cleverly designed to make the most of every inch of space.The gourmet kitchen overlooks the open plan lounge and dining area and out at the views beyond. Separated by a generous stone breakfast bar, there is a pantry, ample over-head and under-bench storage, glass cooktop, European stainless-steel built-in ovens and a aesthetically pleasing timber front dishwasher tucked away behind the kitchen cupboard doors.While the dining room faces one set of glass doors that open out on to the balcony that wraps around the apartment, the lounge opens up onto the unofficial fourth room - the outside room: a large tiled undercover space with room for a BBQ and outdoor seating making the most of the majestic views of the Pioneer River.In the master bedroom, two of the four walls are glass doors offering spectacular panoramic views while letting in the cool river breeze. Partition shutters on the third wall peel back to reveal a generous ensuite complete with toilet, his and her sinks in a wall hung vanity with ample storage space, glass enclosed shower and large spa bath. Relax in the spa bath and enjoy the twinkling lights of the CBD. Space and storage has been considered again, with a fantastic walk-in robe with ample built-in cupboards.The second and third bedrooms are also well designed and generously sized with large mirrored built-in cupboards and glass sliding doors that open up onto the balcony. All three bedrooms have ceiling fans and air-conditioning.The main bathroom features a separate bath and shower and the laundry area has ample bench space, sink and room for a washer and dryer.Complete package with two car parks in the secure undercover parking.U401 is currently tenanted at $800/week until 29/11/2022 and the current rental appraisal is around $925/week. Based on $925/wk and a sale price of $490,000 the gross yield is approximately 9.8%, dependant on achieved sale price.Lanai managed short term rental accommodation availableappraisal for short term rental - $345/night as per Lanai Apartment websiteFeatures- Three bedrooms- Two bathrooms- Open plan kitchen, dining, lounge- Outdoor entertaining area- Daikon slim line ducted air-conditioning- Stainless steel ceiling fans- Wrap around balcony- Built in robes- Spa bath- Built-in dishwasher- Ducted cooling/heating- Gym and sauna- Intercom- Inground 20m outdoor heated pool with pool lounges- Key tag access garage/secure parking- BBQ area- 24-hour onsite managementLanai Apartments are renowned as being a luxury hotel combined with the space and convenience of an apartment in Mackay. The complex has a 20m resort style heated in-ground swimming pool surrounded by sundrenched sun lounges, a traditional sauna and gym facilities with weight, exercise bike and treadmill, large BBQ area with outdoor chairs and 24-hour on-site management. There is a rubbish chute on each level, functions and conference room facility and dual lifts with swipe key security.If you've been looking for spacious, central city living then look no further than unit 401, Lanai Apartments. Give Benjamin at Baileux a call today on 0400 989 161 to book your inspection.

Property History for 401/4 Nelson St, Mackay, QLD 4740

A timeline of how this property has performed in the market
Listed for Rent
31 Aug 2022
  • 09 Aug 2022
    Listed for Rent $800 / week
  • 20 Jan 2022
    Listed for Rent $800 / week
  • 25 Aug 2021
    Listed for Sale Under contract!
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About Mackay 4740

The size of Mackay is approximately 4.4 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Mackay in 2016 was 3659 people. By 2021 the population was 4026 showing a population growth of 10.0% in the area during that time. The predominant age group in Mackay is 20-29 years. Households in Mackay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mackay work in a professional occupation.In 2021, 30.70% of the homes in Mackay were owner-occupied compared with 31.80% in 2016.

Mackay has 3,522 properties. Over the last 5 years, Houses in Mackay have seen a 78.19% increase in median value, while Units have seen a 72.77% increase. As at 30 November 2025:

  • The median value for Houses in Mackay is $504,413 while the median value for Units is $404,125.
  • Houses have a median rent of $490 while Units have a median rent of $450.
There are currently 47 properties listed for sale, and 30 properties listed for rent in Mackay on OnTheHouse. According to Cotality's data, 246 properties were sold in the past 12 months in Mackay.

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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.