FOR SALE
High $200,000's

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 2,113 properties. Over the last 5 years, Houses in Edge Hill have seen a 39.95% increase in median value, while Units have seen a 65.45% increase. As at 31 August 2024:

  • The median value for Houses in Edge Hill is $707,627 while the median value for Units is $362,046.
  • Houses have a median rent of $585 while Units have a median rent of $420.
There are currently 26 properties listed for sale, and 7 properties listed for rent in Edge hill on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Edge hill.

Suburb Insights for Edge Hill 4870

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Ray Murphy
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Ben Keene
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Ray White Cairns
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.