FOR SALE
$260,000

1/394-396 Mayers Street
Edge Hill QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 34m2
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Exceptional Investment Opportunity - Low Body Corporate Fees!

Located in one of Cairns' most desirable suburbs, within the quiet "Penthouse" complex, 'The Ray Murphy Team' proudly presents to the market this ground-floor, studio apartment. Offering an excellent opportunity for investors looking to expand their portfolio or those seeking an affordable entry level property.
PROPERTY FEATURES:
- Studio Apartment
- One Bathroom with combined laundry
- Open plan living and dining area
- Security screens and ceiling fans
THE BOTTOM LINE:
- Body Corporate Fees: $2,883.10 approx. p/a
- Council Rates: $2,900 approx. p/a
- Rental Income: Currently achieving $300.00 per week until Jan 2025
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Property Details for 1/394-396 Mayers St, Edge Hill

1/394-396 Mayers St, Edge Hill is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 34m2. The place is currently for sale with Ray White Cairns.

Building Type
Apartment
Land Size
34m2

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About Edge Hill 4870

The size of Edge Hill is approximately 2.6 square kilometres. It has 9 parks covering nearly 25.1% of total area. The population of Edge Hill in 2011 was 3,873 people. By 2016 the population was 3,924 showing a population growth of 1.3% in the area during that time. The predominant age group in Edge Hill is 40-49 years. Households in Edge Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Edge Hill work in a professional occupation. In 2011, 58.8% of the homes in Edge Hill were owner-occupied compared with 57.6% in 2016.

Edge Hill has 2,115 properties. Over the last 5 years, Houses in Edge Hill have seen a 51.40% increase in median value, while Units have seen a 82.71% increase. As at 30 November 2024:

  • The median value for Houses in Edge Hill is $747,625 while the median value for Units is $406,325.
  • Houses have a median rent of $605 while Units have a median rent of $423.
There are currently 19 properties listed for sale, and 12 properties listed for rent in Edge hill on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Edge hill.

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Ray Murphy
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Ben Keene
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Ray White Cairns
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