5 Boulder Court, Nelly Bay QLD 4819
5 Boulder Court, Nelly Bay QLD 4819
Vacant land in Nelly Bay | 670–673 m² gently sloping block | fully fenced sides and rear | views to the hill behind | last sold November 2022 for $285,000
This is a rare offering of vacant land in a dress-circle pocket of Nelly Bay, where the gently sloping block and established fencing reduce initial site preparation costs. The lot’s size and topography suit a single-level dwelling with a rear outlook toward the hill, making it most attractive to owner-builders or buyers seeking a finished home in a coastal island setting without the compromises of a steep or irregular site. Its position within a street that contains both houses and land parcels confirms this is a property that competes on location and convenience rather than scarcity of supply.
The November 2022 sale price of $285,000 may serve as a useful reference, though market conditions and demand for vacant land on Magnetic Island may have shifted since then. The absence of flood overlays and the block’s gentle slope toward the road might reduce holding costs and construction complexity, but the lack of a built dwelling means any return depends entirely on a future build. Buyers should weigh the cost of construction and council approvals against the premium for a finished house in the same street, as the value of this property is fundamentally tied to its development potential rather than existing amenity.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Boulder Court, Nelly Bay QLD 4819
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Nelly Bay is a mature, established coastal suburb attracting professionals and families seeking a relaxed lifestyle. Demand is driven by strong investor interest and a tight supply of quality listings, creating a competitive market with rapid sales. Recent price trends show robust growth, supported by regional economic activity and infrastructure investment. Future prospects are underpinned by sustained demand in Queensland’s regional hubs, though the key constraint remains critically low housing inventory, pressuring both buyers and renters.
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PropCred Estimated Value
Bedrooms
-
Bathroom
Parking
-
Land
670m²
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