Home/Properties/Nelly Bay/10/42 Yates Street 'Canopy'
10/42 Yates Street 'Canopy', Nelly Bay$430,000
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10/42 Yates Street 'Canopy'

Nelly Bay, QLD 4819, Australia
$430,000
1 bed 1 bath 1 car70 m²

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About this property

"Canopy" Villas are tightly held, making this a rare opportunity to secure a place within this boutique complex of just 13 villas, all set around a resort-style pool. Villa 10 enjoys one of the best positions in the complex, overlooking the pool and lush tropical gardens, while a fully screened front verandah provides both privacy and security. One of the standout advantages here is the low outgoings. Body corporate fees are approximately $6,040 per annum, and council rates are around $4800 per annum including water (lower for owner occupiers or if tenanted instead of holiday letting). The location is equally appealing, with a short stroll to Nelly Bay beach, shops and amenities, and convenient bus access from the ferry dropping right at the end of the driveway. Offered fully furnished, the property is ready for immediate enjoyment or rental. Ideal as a weekender, winter escape, first home or investment, the villa can achieve approximately $420 per week in the long-term rental market. A covered deck overlooking the gardens and pool has been enclosed with crimsafe screens, effectively creating an additional living space while maintaining an open, breezy feel. Inside, sliding doors lead to an air-conditioned open-plan living area enhanced by a double-height A-frame ceiling, creating a sense of space and light. The kitchen is well-appointed with an electric cooktop, oven and dishwasher, while the dining area sits comfortably between the kitchen and lounge. The bathroom includes a shower over bath, vanity, linen storage, and a separate toilet and laundry. Practical features include under-stair storage - ideal for securing personal belongings if holiday letting. Upstairs, the air-conditioned mezzanine master bedroom features polished timber floors, built-in storage, and louvre windows that invite cooling breezes year-round. Contact Alex or Keane today for your private 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: 1754

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
70 m²
Listed
3 months ago

Repayment calculator

$2,085/month
$1,042 /fortnight
Loan $344,000 at 6.10% over 30 years

Upfront costs

Deposit$86,000
Stamp duty$13,475
Conveyancing (est.)$2,000
Total upfront$101,475
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Nelly Bay

This 1-bedroom apartment in Nelly Bay, QLD 4819 sits within reach of public transport, local shops and nearby schools. It is listed 33% below the $645,000 median of 78 comparable apartmentswithin 5 km.

Schools near Nelly Bay

  • Magnetic Island State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Yates St at Compass Crescent (bus)115 m away
  • Unnamed405 m away
  • Unnamed610 m away
  • Nelly Bay Foreshore612 m away

Nelly Bay at a glance

Full suburb profile
Population
1,213
Median age
56
Household income
$1,003/wk
Median rent
$300/wk
Median mortgage
$1,470/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Nelly Bay price trend

Median sold · Unit 2 bed

Compound growth +3.1% / yr over 4 yrs

$450kcurrent median

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Price history

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10/42 Yates Street 'Canopy', Nelly Bay QLD — StMate