5/42 Yates St, Nelly Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 70m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
'Canopy' is a boutique resort-style complex of just thirteen self-contained units set around a superb pool amongst lush tropical gardens. The property is ideally located just a short stroll to Nelly Bay beach and shops with buses dropping off at the end of the driveway direct from each ferry.
Live in or let out, the choice is yours. This unit would make an ideal weekender, winter escape, first home or can be let long-term.
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.
Low Body Corporate fees: approx $3000 p.a.
Council rates: approx $3100 p.a. inc water
Contact Alex to arrange a private inspection by appointment.
Property Code: 1279
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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