3/42 Yates St, Nelly Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 1 bedroom Unit sold in Nelly Bay in the last 12 months.
'Canopy' villas are very tightly held so this is a rare opportunity to buy in to this boutique complex of 13 villas set around a resort-style pool.
Low body corp fees are one of the big benefits of this complex - approx $4550 p.a. and with council rates approx $3470 p.a. including water, the annual outgoings are very low in comparison to many other units.
The property is ideally located just a short stroll to Nelly Bay beach, shops, cafes and restaurants.
Offered furnished with quality furniture and pull-out lounge beds, you can move straight in or let out, the choice is yours. This unit would make an ideal weekender, winter escape, first home or could be let long-term at approx $375 per week for a steady income.
The unit has a lovely covered deck overlooking the gardens and pool which has been enclosed with Crimsafe screens making another room, adding privacy and security yet still feeling like an open deck. Sliding doors from the deck bring you into the open-plan living area with a double height A-frame ceiling providing a spacious feel. The kitchen is fully equipped with electric cooktop, oven and dishwasher and the dining area fits nicely between the lounge and kitchen.
The bathroom has a shower over the bath, vanity, linen closet and separate toilet and laundry. A cupboard under the stairs is perfect for locking up personal belongings if you choose to holiday let when you are not there.
Upstairs, there is a spacious air-conditioned mezzanine master bedroom with polished wood floors, wardrobe and surrounded by louvre windows making it lovely and cool all year round.
Contact Alex to arrange a private inspection by appointment.
Property Code: 1678
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 1,425 properties. Over the last 5 years, Houses in Nelly Bay have seen a 109.22% increase in median value, while Units have seen a 68.27% increase. As at 30 June 2026:
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