6 Erang StreetWoree QLD 4868
Property Details for 6 Erang St, Woree
6 Erang St, Woree is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 1979. The property has a land size of 730m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 0 bedroom Unit sold in Woree in the last 12 months.
Last Listing description (August 2024)
A superb investment opportunity. This full duplex is located just 5kms from Cairns CBD. One unit is currently vacant, with rent potential of at least $420 p/week and the other is tenanted at $380 p/week.
That's some excellent investment income.
Unit 1 -
* new split system air conditioner in the living room
* main bedroom has air conditioning and a built-in robe
* kitchen with electric stove and wall cupboards for extra storage
* separate bathroom and toilet
* masonary block shed with power and lights
Unit 2 -
* private front courtyard
* new split system air conditioner in the living room
* both bedrooms with air conditioning and built-in robes
* modern bathroom and separate toilet
Each unit has a single carport and both have large backyards.
The figures -
Unit 1 rent is $380 p/week until 24.9.2024. Last rent increase 20.3.2024
Unit 2 expected rent is at least $420 p/week
Council rates $2,800 twice yearly.
You know a full duplex is a very popular investment and not too common on the market.
Selling with John Ryland from Professionals Cairns South.
Property History for 6 Erang St, Woree, QLD 4868
- 04 Jul 2024Sold for $585,000
- 25 Jun 2024Listed for Sale 2x2 Duplex.....offers over $580,000
- 18 Jun 2020Listed for Rent $295 / week
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About Woree 4868
The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2011 was 4,826 people. By 2016 the population was 4,822 showing a population decline of 0.1% in the area during that time. The predominant age group in Woree is 20-29 years. Households in Woree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Woree work in a trades occupation. In 2011, 44% of the homes in Woree were owner-occupied compared with 42.8% in 2016.
Woree has 2,886 properties. Over the last 5 years, Houses in Woree have seen a 58.08% increase in median value, while Units have seen a 85.22% increase. As at 31 August 2024:
- The median value for Houses in Woree is $499,989 while the median value for Units is $241,541.
- Houses have a median rent of $515 while Units have a median rent of $370.
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