1 Lilac St, Nelly Bay is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1611m2 and floor size of 99m2.
LARGE BLOCK WITH HOME ON MAGNETIC ISLAND
AN OPPORTUNITY KNOCKS TO LIVE ON MAGNETIC ISLAND. THE HOME SET ON THIS LARGE 1611 M2 CORNER BLOCK IS AN IDEAL LOCATION ON THE MAIN STREET IN THE ISLAND. THIS IS IDEAL FOR SOME ONE TO BUY THIS LARGE OLD HOME KNOCK IT DOWN AND BUILD SOMETHING NEW. BEING A CORNER PLOT IS ADVANTAGEOUS. OPPOSITE THE HOME IS THE RESERVE LEADING ON TO THE WATER FRONTAGE. THIS IS SURE TO SUIT AN INVESTOR WHO HAS A VISION AND WANTS TO CAPITALIZE ON THE GROWTH AND DEMAND FOR ISLAND LIVING.
THE HOME COMES WITH HISTORY AND PLENTY OF FRUIT TREES, INCLUDING SOME EXOTIC TYPES WHICH HAVE BEEN APPRECIATED BY THE OWNERS AND THE NEIGHBORS FOR SEVERAL YEARS. STONE THROW AWAY FROM THIS 3 BEDROOM IS THE SEA AND AS A RESULT OF WHICH THERE IS PLENTY OF BREEZE THAT COMES THROUGH THE HOME. THE HOME ALSO COMES WITH A CONICAL BBQ AREA WHICH THE CURRENT TENANT SAYS IS THE ''BEST PLACE'' TO PARTY. THE CURRENT OWNER HAS ENJOYED MANY NOSTALGIC MEMORIES AND HAS RELOCATED TO LIVE WITH THE GRAND KIDS.
The size of Nelly Bay is approximately 4.7 square kilometres. There are 5 parks, covering nearly 52.3% of the total area. The population of Nelly Bay in 2016 was 1196 people. By 2021 the population was 1213 showing a population growth of 1.4% in the area during that time. The predominant age group in Nelly Bay is 60-69 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 2021, 69.20% of the homes in Nelly Bay were owner-occupied compared with 57.10% in 2016.
Nelly Bay has 1,423 properties. Over the last 5 years, Houses in Nelly Bay have seen a 111.98% increase in median value, while Units have seen a 59.22% increase. As at 31 May 2026:
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