2/5 Terrace Place, Nelly Bay, QLD 4819 | Property Value & History | OnTheHouse
FOR SALE

2/5 Terrace Place
Nelly Bay QLD 4819

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 158m2
Land area: 244m2
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Property Details for 2/5 Terrace Pl, Nelly Bay

2/5 Terrace Pl, Nelly Bay is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 2006. The property has a land size of 244m2 and floor size of 158m2.This Property is currently listed for sale with Best of Magnetic Real Estate - MAGNETIC ISLAND

Building Type
House
Year Built
2006
Floor Size
158m2
Land Size
244m2
Local Government
Townsville City
Lot/Plan
2/SP184140

Last Listing description (July 2026)

Positioned in one of Nelly Bay's most desirable locations, this cleverly designed four-bedroom townhouse offers the perfect blend of contemporary comfort, spacious living and beautiful water and mountain views. Boasting an abundance of natural light, soaring ceilings and seamless indoor-outdoor living, this is a home that truly embraces the Magnetic Island lifestyle.

From the moment you step inside, you'll be captivated by the impressive high ceilings in the main living area, enhanced by remote-controlled louvres that invite cooling sea breezes and flood the home with natural light. Expansive glass doors and windows throughout create a bright, airy atmosphere while framing the National Park and waterfront aspects.

The gorgeous new kitchen is designed for both everyday living and entertaining, featuring generous bench space and ample storage, as well as mood lighting for those romantic evenings! Flowing effortlessly from the dining and living area is the spacious front patio, where you can relax with panoramic mountain views and watch the boats sail in and out of the marina. The sparkling pool is perfectly positioned to take in the outlook, making it the ultimate place to unwind or entertain family and friends.

The lower level also features the fourth bedroom or study with sliding door access to a beautifully tiled courtyard complete with a built-in firepit! A convenient powder room and laundry are also located downstairs, ensuring guests never need to venture upstairs. There is also direct access from the lock-up garage straight into the house.

Upstairs, you'll find three spacious, air-conditioned bedrooms, all with built-in wardrobes and water views. Bedroom two enjoys its own private balcony with sweeping views across Nelly Bay Beach and out to the mainland, as well as being the ideal spot to watch the sunset colours light up the sky over the western hills. The luxurious master suite is a true sanctuary, offering a private balcony from where you can take in spectacular sunrises to the east, along with a spacious ensuite featuring dual vanities, a bath, separate shower and toilet.

Adding even more appeal is the 5kW solar system, helping to keep energy costs down, while the single lock-up garage provides secure parking, additional storage and direct access to the home.

Perhaps one of the home's biggest advantages is the absence of body corporate fees. The informal body corporate arrangement allows the owners to simply share the building insurance with the neighbouring residence, providing significant ongoing savings without sacrificing the benefits of duplex living. NB the pontoon is attached to the neighbouring property and is their property and responsibility. If you wish to moor a boat, nearby marina berths are available to buy or lease.

Perfectly positioned just moments from the beach, ferry terminal, cafs and restaurants, this exceptional home delivers the very best of tropical island living. Whether you're searching for a luxurious permanent residence, holiday retreat or investment opportunity, this is a property that will impress from every angle. Nelly Bay is located approximately 20 minutes from Townsville via ferry.

Contact Alex or Keane today to book a private inspection by appointment.

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

Property Code: 1796

Property History for 2/5 Terrace Pl, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Transferred
$510,000
11 Jul 2012
Listed for Rent
$900/w
04 Feb 2026
  • 27 Jul 2026
    Listed for Sale $1,200,000
  • 30 Oct 2025
    Listed for Rent $900 / week
  • 24 Jun 2019
    Listed for Rent - Price not available
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About 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 1,428 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.
There are currently 52 properties listed for sale, and 1 property listed for rent in Nelly bay on OnTheHouse. According to Cotality's data, 62 properties were sold in the past 12 months in Nelly bay.

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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.