7/40 Magnus Street, Nelson Bay NSW 2315
2 beds
1 baths
1 cars
Spachus Insights
View Nelson Bay market
Price position
Below suburb median
23.3% below the current suburb median listing price.
Buyer negotiation signal
Buyer negotiation
The suburb median sold price is $50,000 below the median listing price.
Selling pace
Slower than typical
58 days typical · Property listed 181 days (212% longer).
Property details
Coastal Unit
Positioned in an elevated setting just a short stroll to the shoreline this entry level two bedroom unit delivers a fantastic blend of lifestyle convenience and low maintenance living in the heart of Nelson Bay.
2Bedrooms
1Bathrooms
1Car spaces
ApartmentProperty type
Nelson Bay market
Full suburb reportMedian listing$730,000
Median sold$680,000
Typical selling time58 days
Tracked sold properties42
Spachus Property Estimate
$630,000
Automated estimate based on available property and market data.
Not a formal valuation.
Asking vs estimate
-$70,000
11.1% below the Spachus estimate
Property Overview
7/40 Magnus Street, Nelson Bay NSW 2315 is an apartment. It has 2 bedrooms, 1 bathroom and 1 car space. It is currently listed at $560,000. It has been on the market for 181 days. In Nelson Bay, the median listing price is $730,000 and the median sold price is $680,000. Its current asking price is $170,000 (23.3%) below the Nelson Bay median listing price. Properties in Nelson Bay typically sell in around 58 days based on Spachus tracked sales data. It has currently been on the market 123 days longer than the Nelson Bay typical selling time.
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