5 Osborn Ct, Nelly Bay is a 6 bedroom, 3 bathroom Unit and was built in 1980. The property has a land size of 812m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
An ideal investment opportunity arises - a rare multi-unit block of 3 x 2 bed, 1 bath units, in a great central location near the ferry, school, shops, restaurants & marina, yet off the noisy main road.
Low maintenance block construction with a large paved entry and garden area to the far end where a pool could be added if desired. Each unit has two good-sized bedrooms, both with built-in wardrobes, bathroom with shower over bath (except unit 1 which has been renovated to just a shower) and separate toilet, living area with rear sliding doors and kitchen with front door providing good cross ventilation. There's an external laundry/store area on the front patio and a separate shed store for each unit in the garden area.
Unit 1: vacant - rent estimate in current market $350 per week.
Unit 2: Fixed term lease at $280 p/w to 10th Jan 2026.
Unit 3: Periodic lease at $220 per week.
Whilst liveable as is, a few renovations would improve this property significantly - a coat of fresh paint, updates to kitchens and bathrooms and new tiles to units 2 & 3 to bring them up to the standard of unit 1.
Council rates approx $8000 p.a. including water.
Contact Alex to arrange a private inspection by appointment - NB whilst we can arrange an inspection of the vacant unit at relatively short notice, we do need to provide the tenants with adequate notice prior to inspection so please provide us with as much notice as possible.
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: 1623
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 1,422 properties. Over the last 5 years, Houses in Nelly Bay have seen a 111.98% increase in median value, while Units have seen a 59.22% increase. As at 31 May 2026:
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