SOLD
RECENT ADVICE
Sold on 10 Jun 2024 for $370,000

34/164-172 Spence Street
Bungalow QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 98m2
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Property Details for 34/164-172 Spence St, Bungalow

34/164-172 Spence St, Bungalow is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 98m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Bungalow in the last 12 months.

Building Type
Unit
Land Size
98m2
Local Government
Cairns Regional
Lot/Plan
34/SP188128

Last Listing description (June 2024)

**Sold by Karl Latham direct to a buyer on our extensive database prior to launching online. **

For more information about the sale, or if you have any questions about selling your property, please contact Karl Latham on 0403 887 645.

Introducing a remarkable opportunity at Focus On Spence: Possibly the best position in the complex, #34 is a breezy top-floor apartment designed for both owner occupiers and investors alike. Nestled at the rear, away from the road and overlooking Barlow Park sports field, enjoy privacy and tranquillity in this contemporary apartment.

With direct access to Cairns CBD and Esplanade, embrace the choice of a resort-style CBD living or a secure investment option. This 2-bedroom, 2-bathroom fully air-conditioned apartment boasts a spacious layout with an open-plan living area flowing seamlessly onto a large alfresco balcony, complete with plantation shutters for all weather entertaining and added privacy. The practical kitchen comes complete with pantry and dishwasher.

The master bedroom boasts its own private ensuite, and along with the guest bedroom they both feature built in robes. The guest bathroom offers a bathtub and there is a separate internal laundry.

Property highlights include:

-Secure Gated Complex: Enjoy the safety and security of a gated community.
-Tropical Swimming and BBQ Area: Indulge in the lush tropical ambiance of the swimming pool and BBQ area, perfect for relaxation and entertaining.
-Spacious Alfresco Balcony: Delight in the ample outdoor space for dining, relaxation, and gatherings, offering picturesque views of the surroundings.
-Prime Location: Situated in the heart of Bungalow, enjoy easy access to local amenities, schools, shopping, entertainment, and just 2.2km from Cairns Esplanade and CBD.

Whether you seek a comfortable home or a savvy investment, this s-bedroom apartment ticks all the boxes. Don't miss your chance to explore this exceptional opportunity.

FACTS & FIGURES:
Unit Size: 98m2
Body Corp Fees: $6,483 per annum
Council Rates: $2,920 per annum (approx)
Sinking Fund: $136,047 credit
Admin Fund: $107,595 credit
Lots in Complex: 48

Property History for 34/164-172 Spence St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$370,000
10 Jun 2024
Listed for Rent
$370/w
23 Oct 2017
  • 18 May 2024
    Sold for $370,000
  • 10 Oct 2017
    Listed for Rent $370 / week
  • 29 Jan 2011
    Listed for Sale OFFERS OVER $290,000
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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 46.23% increase in median value, while Units have seen a 49.77% increase. As at 30 September 2024:

  • The median value for Houses in Bungalow is $496,388 while the median value for Units is $289,396.
  • Houses have a median rent of $485 while Units have a median rent of $390.
There are currently 15 properties listed for sale, and 7 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 89 properties were sold in the past 12 months in Bungalow.

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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.