80 Mandalay Ave, Nelly Bay is a 4 bedroom, 3 bathroom House and was built in 1990. The property has a land size of 1000m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
This versatile dual-living property offers the perfect blend of character, comfort, and strong rental returns - ideal for investors or homeowners seeking additional income and space.
The main residence features three well-proportioned bedrooms and two bathrooms, including a private master suite complete with ensuite and built-in robe. Bedroom two is huge and also includes a built-in robe, while the homes charm shines through its character-filled design. Two main living areas are separated by the central kitchen and allow for you to decide how to use the spaces, both light-filled with high raked ceilings and looking out onto the pool and to the rear opening out to the covered patio, creating an inviting space to relax or entertain.
Comfort is assured year-round with split system air conditioning throughout both the main house and studio. The home also includes a practical internal laundry with direct outdoor access for added convenience.
Step outside to enjoy a near-new swimming pool, perfect for tropical island living, along with a generous yard featuring an enclosed veggie patch and a handy garden shed.
Adding outstanding value is the fully council-approved, modern one-bedroom studio. Complete with its own bathroom and split system air conditioning, it offers excellent flexibilityideal as private guest accommodation, a home office, or a steady income stream.
Current Rental Income:
Main house: $750 per week (lease to 30/08/2026)
Studio: $350 per week
Total: $1,100 per week
Whether you're looking to invest or occupy while generating income, this unique property presents a rare opportunity to secure dual living with immediate returns and future potential.
Nelly Bay is home to the islands main ferry terminal, providing easy connections to the mainland, as well as a local primary school, supermarkets, and medical centres, ensuring everyday living is both comfortable and well-connected.
Contact Alex or Keane today for more information or if you would like to schedule an inspection.
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: 1776
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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