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7/40 Magnus Street, Nelson Bay$585,000
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For Saleapartment

7/40 Magnus Street

Nelson Bay, NSW 2315, Australia
$585,000
2 bed 1 bath 1 car54 m²

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About this property

Positioned in an elevated setting just a short stroll to the beach and Marina, this affordable two bedroom unit delivers a fantastic blend of lifestyle, convenience and low maintenance living in the heart of Nelson Bay. Whether you're an investor looking for a rental property, or a first home buyer looking to get into the real estate market, this unit is one that you dont want to miss. The functional kitchen offers storage and bench space, while both bedrooms are generously sized and have built in robes. A well-maintained bathroom and internal laundry facilities add to the homeâs everyday practicality. Key Features: Two bedrooms with Built ins Open plan living and dining area Undercover balcony Well-appointed kitchen with ample storage Neat bathroom and internal laundry Positioned in a quiet, elevated complex Single car accommodation Unbeatable Location Enjoy the ultimate coastal lifestyle with Nelson Bay Beach just moments away, along with local cafes, restaurants, the marina, and shopping precinct all within 1km. Wake up to sea breezes, spend your days by the water, and embrace everything this incredible location has to offer. All information contained herein is gathered from sources we consider to be reliable. However, we, LJ Hooker Nelson Bay cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing. View our privacy policy here - https://www.ljhooker.com.au/legals/privacy-policy

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
54 m²
Listed
3 months ago

Repayment calculator

$2,836/month
$1,418 /fortnight
Loan $468,000 at 6.10% over 30 years

Upfront costs

Deposit$117,000
Stamp duty$17,387
Conveyancing (est.)$2,000
Total upfront$136,387
Verify with NSW 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 Nelson Bay

This 2-bedroom apartment in Nelson Bay, NSW 2315 sits within reach of public transport, local shops and nearby schools. It is listed 19% below the $720,000 median of 64 comparable apartmentswithin 5 km.

Schools near Nelson Bay

  • Alesco Secondary College - Tomaree Campussecondary

What's nearby

  • Port Stephens Ferry Terminal (ferry)258 m away
  • Mystery sock536 m away
  • Unnamed329 m away
  • Unnamed543 m away
  • Unnamed569 m away

Nelson Bay at a glance

Full suburb profile
Population
6,141
Median age
51
Household income
$1,305/wk
Median rent
$380/wk
Median mortgage
$1,842/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Nelson Bay price trend

Median sold · Unit 2 bed

Compound growth +5.5% / yr over 4 yrs

$670kcurrent median

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Price history

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1 price change recorded for this property

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