FOR SALE
Offers Over $129,000

18/35-37 Louie Piccone Way
Edmonton QLD 4869

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 41m2
Land area: 41m2
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Secure Your Slice of Tropical Paradise - Affordable Studio with Guaranteed Income!

Welcome to unit 18 at the Cairns Gateway Lodge. This quaint, one bedroom apartment within the secure gated complex in Edmonton offers an excellent addition to any portfolio. With a steady income currently $245 per week until the end of October then it can be increased to a forecasted $300 per week. This is your next low-maintenance "set and forget" investment.
Features Include:
• Top-Floor Unit: with a balcony and only one side neighbor.
• Open Plan Living: Functional layout with distinct living, bedroom, and bathroom spaces.
• Resort-Like Facilities: Enjoy access to an in-ground pool and communal laundry.
• Current Lease Until October 2024: Rented at $245 per week, providing consistent income.
Location Highlights:
• Convenience: Walking distance to IGA Piccone's Shopping Centre, local shops, pubs, hotels, and medical facilities.
• Tropical Lifestyle: Relax in the peaceful, residential-only complex with a resort-style atmosphere.
Financial Information:
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Property Details for 18/35-37 Louie Piccone Way, Edmonton

18/35-37 Louie Piccone Way, Edmonton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 41m2 and floor size of 41m2. The place is currently for sale with Ray White Cairns South.

Building Type
Unit
Floor Size
41m2
Land Size
41m2

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About Edmonton 4869

The size of Edmonton is approximately 20.5 square kilometres. It has 29 parks covering nearly 4.9% of total area. The population of Edmonton in 2011 was 9,933 people. By 2016 the population was 10,762 showing a population growth of 8.3% in the area during that time. The predominant age group in Edmonton is 0-9 years. Households in Edmonton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edmonton work in a trades occupation. In 2011, 61% of the homes in Edmonton were owner-occupied compared with 61.1% in 2016.

Edmonton has 4,840 properties. Over the last 5 years, Houses in Edmonton have seen a 72.97% increase in median value, while Units have seen a 81.55% increase. As at 31 August 2024:

  • The median value for Houses in Edmonton is $575,732 while the median value for Units is $262,736.
  • Houses have a median rent of $570 while Units have a median rent of $400.
There are currently 41 properties listed for sale, and 14 properties listed for rent in Edmonton on OnTheHouse. According to CoreLogic's data, 255 properties were sold in the past 12 months in Edmonton.

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Patrick Kenny
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Ray White Cairns South
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