10/42 Yates Street 'Canopy', Nelly Bay
Listing data updated 13 July 2026
- “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
RealistIQ deal score
Neutral value signal
13
/100
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- $430,000
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