SOLD
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Sold on 22 Jul 2024 for $880,000

199 Buchan Street
Bungalow QLD 4870

Bedrooms: 6
Bathrooms: 3
Car spaces: 4
Land area: 759m2
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Property Details for 199 Buchan St, Bungalow

199 Buchan St, Bungalow is a 6 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 759m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom House sold in Bungalow in the last 12 months.

Building Type
House
Land Size
759m2
Local Government
Cairns Regional
Lot/Plan
12/RP701468

Last Listing description (July 2024)

Second chance Opportunity after Buyers finance crashed, NOW is the time to strike!

Perfect for Multi-Generational Families or Income Potential; Discover the ultimate dual living experience in this immaculately maintained two-storey home, perfectly situated close to Cairns City. This property is an ideal choice for multi-generational families, those seeking rental income, or savvy investors looking to capitalize on the thriving Airbnb market.

Downstairs: Modern Comfort and Convenience

-Built in 2017: Enjoy contemporary living in a fully tiled, air-conditioned space.
-3 Bedrooms, 2 Bathrooms: Includes an ensuite to the main bedroom.
-Open Plan Living: A large kitchen seamlessly integrated into the living area.
-Private Access: Perfect for rental opportunities or Airbnb guests.
-Fully Furnished: Walk in and start earning with a proven track record of $60,000 per year in gross returns and over 200 5-star reviews.
-Large Patio: Ideal for outdoor dining and relaxation.

Upstairs: Classic Queenslander Charm
-3 Bedrooms, 1 Bathroom: Classic design with modern comforts.
-Queenslander Style: Featuring beautiful hardwood timber floors, tongue and groove walls, and high 3.5m ceilings.
-Open Plan Living: Spacious and airy, with a sunroom adding a touch of elegance.
-Large Rear Entertaining Deck: Overlooks a generous backyard, perfect for family gatherings and entertaining.

Additional Features:
-Double Lock-Up Garage: Secure parking for vehicles.
-Side Driveway Access: Leads to a substantial 7m x 7m 2bay lock-up shed, providing ample storage or workshop space.
-Large 6.8KW solar power system to keep the electricity bills to a minimum.

Location: Highly attractive and convenient for AirBnB guests
-3min drive to Cairns Central.
-5min drive to the Esplanade.
-7min drive to Cairns Reef Fleet Terminal.
-Walk to local shops and public transport

This dual living home is not just a property; it's a lifestyle choice offering flexibility, income potential, and the best of Queensland living. Don't miss the opportunity to make this versatile and beautifully kept residence your own.

*A full building and pest inspection report has been carried out and is available for interested buyers*

Contact us today to arrange a viewing and take the first step towards owning this exceptional property.

Property History for 199 Buchan St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$880,000
22 Jul 2024
  • 22 Jul 2024
    Sold for $880,000
  • 21 May 2024
    Listed for Sale SOLD BY KARL LATHAM
  • 17 Dec 2015
    Sold for $470,000
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About Bungalow 4870

The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.

Bungalow has 1,961 properties. Over the last 5 years, Houses in Bungalow have seen a 45.24% increase in median value, while Units have seen a 50.38% increase. As at 31 August 2024:

  • The median value for Houses in Bungalow is $497,660 while the median value for Units is $278,876.
  • Houses have a median rent of $508 while Units have a median rent of $390.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Bungalow.

Suburb Insights for Bungalow 4870

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Contact agent
Karl Latham
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Andrea Rolley
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Twomey Schriber Property Group
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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.