OFF MARKET

242 Spence Street
Bungalow QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 188m2
Land area: 498m2
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Property Details for 242 Spence St, Bungalow

242 Spence St, Bungalow is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 498m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in February 2010.

Building Type
House
Year Built
1960
Floor Size
188m2
Land Size
498m2
Local Government
Cairns Regional
Lot/Plan
7/RP714362

Last Listing description (March 2010)

$5000 PRICE REDUCTION - POTENTIAL DUAL INCOME-HOME BUSINESS-CHARMING QUEENSLANDER
FULLY SELF CONTAINED DOWN STAIRS WITH 2 BEDROOMS AND A POTENTIAL LARGE OFFICE WITH A LARGE OUTDOOR PATIO AREA WITH LOADS OF STORAGE ALONG WITH THREE BEDROOMS UPSTAIRS AND LARGE DECK WITH ALL THE CHARMS OF A TRADITIONAL QUEENSLANDER. TIMBER FLOORS THROUGHOUT WITH FRENCH DOORS ALLOW GENTLE BREEZES TO FLOW ALL AROUND.
COMMERCIAL POSSIBILITIES ALONG WITH THE CLOSE PROXIMITY TO THE CBD AND GREAT STREET FRONTAGE MEANS HOME BUSINESSES WOULD BENEFIT.

ADD TO THE PORTFOLIO AND ENJOY TWICE THE RETURNS WITH THIS TENANTS DREAM...PRIVATE, CLOSE TO THE CBD, CLOSE TO THE NEWLY DEVELOPED DFO, CLOSE TO PUBLIC TRANSPORT THIS SURELY WOULDN'T LAST LONG IN THE RENTAL MARKET.
SUSTAINABILITY DECLARATION IS AVAILABLE BY CONTACTING THE AGENT.
ADDITIONAL FEATURE - CLOSE TO SCHOOLS.

Property History for 242 Spence St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$391,000
18 Feb 2010
  • 18 Feb 2010
    Sold for $391,000
  • 12 Feb 2010
    Listed for Sale 399000
  • 02 Oct 2006
    Sold for $96,150
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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 1,948 properties. Over the last 5 years, Houses in Bungalow have seen a 55.86% increase in median value, while Units have seen a 51.99% increase. As at 31 October 2024:

  • The median value for Houses in Bungalow is $517,489 while the median value for Units is $307,199.
  • Houses have a median rent of $463 while Units have a median rent of $390.
There are currently 20 properties listed for sale, and 7 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Bungalow.

Suburb Insights for Bungalow 4870

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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.