FOR SALE
Offers Over $285,000

6/253-255 Lake Street
Cairns North QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 72m2
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City investment- ROI 16.4%- Just One Street from the Esplanade

Seize this exceptional investment opportunity in the heart of Cairns! Offering a robust 16.4% return, this Central Plaza Apartments 1-bedroom gem is fully furnished and ready to deliver consistent returns.
Prime Location:
- Adjacent to Cairns Base Hospital and minutes from the upcoming $250M University Hospital Expansion.
- One block from the iconic Cairns Esplanade, boasting walking paths, cycling tracks, and free outdoor fitness classes.
Property Highlights:
- Fully furnished, self-contained 1-bedroom apartment on the first floor.
- Kitchen with dishwasher, built-in wardrobes, and an internal laundry.
- Split-system air conditioning for ultimate comfort.
- Secure undercover parking (unallocated, not on Title).
- Resort-style amenities, including a swimming pool and BBQ facilities.
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Property Details for 6/253-255 Lake St, Cairns North

6/253-255 Lake St, Cairns North is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 72m2. The place is currently for sale with Twomey Schriber Property Group.

Building Type
Unit
Floor Size
72m2

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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,983 properties. Over the last 5 years, Houses in Cairns North have seen a 39.39% increase in median value, while Units have seen a 64.59% increase. As at 30 November 2024:

  • The median value for Houses in Cairns North is $655,686 while the median value for Units is $397,972.
  • Houses have a median rent of $540 while Units have a median rent of $470.
There are currently 44 properties listed for sale, and 40 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Cairns north.

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Zoe Wicks
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Twomey Schriber Property Group
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