18-19 Terrace PlaceNelly Bay QLD 4819
Property Details for 18-19 Terrace Pl, Nelly Bay
18-19 Terrace Pl, Nelly Bay is a 2 bedroom, 1 bathroom House and was built in 2027. The property has a land size of 1285m2 and floor size of 153m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
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
- 16 Feb 2024Sold for $460,000
- 20 Apr 2021Sold for $290,000
- 27 Sep 2020Listed for Sale $299,000
Recent sales nearby
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0About Nelly Bay 4819
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 1,429 properties. Over the last 5 years, Houses in Nelly Bay have seen a 100.34% increase in median value, while Units have seen a 49.40% increase. As at 31 July 2026:
- The median value for Houses in Nelly Bay is $790,519 while the median value for Units is $469,707.
- Houses have a median rent of $600 while Units have a median rent of $455.
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