10/17-19 Magnus Street, Nelson Bay NSW 2315
10/17-19 Magnus Street, Nelson Bay NSW 2315
Renovated 2-bed unit | Marina-fringe walkability | Strong coastal-lifestyle demand | Compact vs nearby premium apartments
The property is presented as a freshly updated, low-maintenance apartment in a highly walkable marina-fringe pocket of Nelson Bay. Its renovated condition and straightforward two-bedroom configuration make it a practical choice for buyers wanting immediate occupancy without the scale or cost of the precinct’s luxury whole-floor residences. The coastal lifestyle setting, with the foreshore, cafés and shops all close by, gives this unit a clear appeal to downsizers, holiday-home purchasers and lifestyle-focused buyers who prefer convenience over space. Within the local market, it sits in the upper mid-tier of apartment stock, rather than the prestige end, but its presentation and position should attract steady interest from both owner-occupiers and investors.
Value may be influenced by how the internal layout and floor level compare with newer or larger apartments in the same immediate area. Proximity to the marina and ongoing medium-density redevelopment pressure nearby might support long-term price growth, while the lack of a dedicated water view could limit upside compared with premium units in the street. Buyer demand may also be shaped by the complex’s shared facilities and whether the renovation meets current expectations for finish quality and storage.
>> Comparable Sales: 1/6 Magnus Street sold at $3.1M (luxury whole-floor) and 70 Magnus Street at $2.5M (development site) | Property Price Band: $700K–$800K | Value Drivers: renovated condition, marina-fringe walkability, compact layout
Detailed Independent Property Report prepared by PropCred Analyst team for 10/17-19 Magnus Street, Nelson Bay NSW 2315
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Nelson Bay, a coastal town, sees demand from older professionals (60-69; $78k-$130k) drawn by beach access, schools, amenities and tourism/rental potential. Price data diverge: property.com.au reports a $1,112,500 median house with 5.0% compound growth; other sources cite $1,050,000 flat or $945,000 year-to-date. Units are $700k-$705k, up 1.5%. Houses list 41 days on average; annual sales are limited (98-109). Future growth relies on tourism, renovation and rental demand, but coastal premiums and record spring listings in the broader market constrain upside.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
1405m²
URL has been copied successfully!