OFF MARKET

51-57 Palmerston Street
Aeroglen QLD 4870

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 20230m2
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Property Details for 51-57 Palmerston St, Aeroglen

Building Type
Commercial
Land Size
20230m2
Local Government
Cairns Regional
Lot/Plan
102/N157223

Last Listing description (November 2016)

Are you a first home buyer looking for a private, secure, fully fenced duplex that resides in a leafy and friendly neighbourhood? Are you looking to invest in a duplex that returns greater than 6% and hasn't had a vacancy for longer than 2 weeks over the last 15 years? These units are so awesome you'll need to act very quickly to secure them.
You have a rare opportunity to buy either a full or half duplex conveniently located close to all the desirable local amenities: parks and sport grounds, local shops, schools, child care, library, church, and Stratford village.
These strata titled units are both currently tenanted returning $570.00 per week with fixed leases in place until January 2017.

Both units consist of : -
- 2 bedroom, 1 bathroom
- Recently renovated kitchen & bathroom
- Tiled throughout
- Security screens
- Split system air conditioning throughout
- Undercover car accommodation at rear of block
- Both units occupy courtyards and with fully fenced grassed yards. Unit 1 has 135m2 exclsuive use yard & unit 2 has 154m2 exclusive use yard.
- Large lock up storage area which includes laundry. (This area could become a third bedroom STCA)
- Pet friendly.
- Total block size is 800m2.
Falling within catchment zones for Cairns State High School & Edge Hill Primary School and only minutes to Cairns International & Domestic Airports & the Cairns CBD. These units are waiting for new owners to move in or invest in - call today to arrange your inspection.

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Property History for 51-57 Palmerston St, Aeroglen, QLD 4870

A timeline of how this property has performed in the market
  • 30 Aug 2016
    Listed for Sale $490,000

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About Aeroglen 4870

The size of Aeroglen is approximately 9.9 square kilometres. It has 2 parks covering nearly 2.8% of total area. The population of Aeroglen in 2011 was 404 people. By 2016 the population was 408 showing a population growth of 1.0% in the area during that time. The predominant age group in Aeroglen is 50-59 years. Households in Aeroglen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Aeroglen work in a professional occupation. In 2011, 70.5% of the homes in Aeroglen were owner-occupied compared with 71.9% in 2016.

Aeroglen has 233 properties. Over the last 5 years, Houses in Aeroglen have seen a 35.85% increase in median value. As at 31 October 2024:

  • The median value for Houses in Aeroglen is $686,814 while the median value for Units is $532,719.
  • Houses have a median rent of $470.
There are currently 4 properties listed for sale, and no properties listed for rent in Aeroglen on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in Aeroglen.

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