FOR SALE
$389,000

30/164-172 Spence Street
Bungalow QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 98m2
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Rare find, 2 bedroom apartment with long 19 year tenants in place.

What a great investment!!
Currently managed and selling by the On-Site manager of the complex.
This amazing 2 bedroom unit is in excellent condition, is 19 years old and has had the SAME brilliant tenants, a couple, in there for 19 years as well, they love it here and want to continue on with their tenancy.
Located on the First floor up at the back in a quiet area of the secure and well-maintained and very popular 'Focus On Spence' apartment complex, is this two-bedroom, two-bathroom apartment.
Perfectly situated for easy access to all that Cairns has to offer, this apartment is ideal for those seeking low-maintenance, inner-city living or a fantastic investment opportunity!
Located within walking distance of the city, this property is also within walking distance to both primary and secondary schools, Showgrounds Shopping Centre, Cairns Central Shopping Centre, sporting facilities and just minutes away from the Cairns Esplanade.
- Right next door to the developing Barlow Park Precinct, watch this area boom in price in coming years
- Secure, gated complex with CCTV and with onsite management to keep the place immaculate and look after your investment
- Plenty of street parking as well as your 1 allocated undercover park
- Two good sized bedrooms with built-in robes, master bedroom with ensuite
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Property Details for 30/164-172 Spence St, Bungalow

30/164-172 Spence St, Bungalow is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 98m2. The place is currently for sale with Onsite Property.

Building Type
Apartment
Floor Size
98m2

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About Bungalow 4870

The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.

Bungalow has 1,964 properties. Over the last 5 years, Houses in Bungalow have seen a 58.49% increase in median value, while Units have seen a 53.45% increase. As at 30 November 2024:

  • The median value for Houses in Bungalow is $513,898 while the median value for Units is $316,963.
  • Houses have a median rent of $450 while Units have a median rent of $385.
There are currently 15 properties listed for sale, and 6 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Bungalow.

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Wayne Musson
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