7/42 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 60m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
'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, shops & restaurants. No. 7 is in an excellent location within the complex, looking out down the pool with next to no foot traffic passing by. Live in or let out, the choice is yours. These properties make ideal weekenders or can be let long-term for a steady income. The unit has a lovely covered deck overlooking the gardens and pool with open-plan living area and a double height A-frame ceiling providing a spacious feel to the unit. 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 mezzanine master bedroom with polished wood floors, wardrobe and surrounded by louvre windows. NB the photos used are file photos from 2018. The villa is priced to reflect the current condition, requiring some minor renovations (eg vanity, painting) and replacement of appliances (eg cooktop, air con unit and dishwasher).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.Call now to arrange a private inspection by appointment.Property Code: 1636
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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