38/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 38/61-79 Mandalay Ave, Nelly Bay
38/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 42m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Last Listing description (January 2026)
Make an Offer: https://brightpropertytownsville.com/ready-to-make-an-offer/
Welcome to your slice of paradise in Nelly Bay. This charming studio apartment offers a relaxed lifestyle in one of Magnetic Island's most desirable locations. Perfect for first-time buyers, investors, or those chasing a low-maintenance holiday escape, it's a rare opportunity to secure value and lifestyle in the one package.
Inside, the open-plan layout makes clever use of space, combining the living and kitchen areas into a bright, welcoming retreat. Air-conditioning ensures year-round comfort, while the functional kitchen includes essential appliances to make day-to-day living a breeze. The cosy bedroom offers a peaceful sanctuary, easily styled to suit your taste.
Outdoors, a private courtyard provides the perfect spot to enjoy your morning coffee or unwind after a day at the beach. Surrounded by lush gardens and grassy areas, the setting is serene and perfectly aligned with island living. Add in the ground-level accessibility, and unbeatable location close to shops, dining, and beaches, and this is an opportunity not to be missed.
Body Corporate Fees are approximately $858/month when paid on time.
Current gross income: $16,342/annum at only 33% occupancy! This may be able to be improved with a savvy airbnb (or similar) host!
Brightest Features:
- Studio apartment in sought-after Nelly Bay - walk from the Ferry Terminal!
- Fully furnished
- Open-plan design with bright living and kitchen areas
- Air-conditioning for year-round comfort
- Private courtyard for outdoor relaxation
- Functional kitchen with oven and microwave
- Cosy bedroom with ample space
- Surrounded by lush gardens and lawns
- Stroll to shops, cafes, and local amenities
- Minutes to stunning Magnetic Island beaches
Property History for 38/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 16 Dec 2025Listed for Sale Offers Over $179,000
- 04 Sep 2025Listed for Sale Offers Over $179,000
- 12 Mar 2024Sold for $80,000
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 1,427 properties. Over the last 5 years, Houses in Nelly Bay have seen a 91.03% increase in median value, while Units have seen a 56.27% increase. As at 31 August 2026:
- The median value for Houses in Nelly Bay is $788,850 while the median value for Units is $470,298.
- Houses have a median rent of $600 while Units have a median rent of $450.
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