47/164-172 Spence StreetBungalow QLD 4870
Property Details for 47/164-172 Spence St, Bungalow
47/164-172 Spence St, Bungalow is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Bungalow in the last 12 months.
Last Listing description (December 2023)
For the owner occupier or for the investor, this fantastic breezy top floor apartment forms part of the contemporary Focus On Spence complex. Located at the rear overlooking Barlow Park sports field you don't feel overlooked or part of a large complex. With direct access to the Cairns CBD and Esplanade, choose between a comfortable CBD resort lifestyle or a secure managed investment.
Featuring an open plan breezy living area with direct access to a large balcony that can be enclosed with plantation shutters. Master bedroom features an ensuite, guest bedroom is adjacent to the main bathroom for convenience and also has its own private balcony, perfect setup for a flatmate.
FACTS & FIGURES:
Unit Size: 110sqm
Body Corp Fees: $5,608 per annum
Council Rates: $2,760 per annum
Sinking Fund: $129,075 credit
Admin Fund: $88,570 credit
Rental Potential: $510 per week
ROI: 5.2% NET on $350,000 @ $510/week
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
Property History for 47/164-172 Spence St, Bungalow, QLD 4870
- 01 Dec 2023Sold for $350,000
- 29 Nov 2023Listed for Sale SOLD BY KARL LATHAM
- 03 Sep 2014Sold for $268,000
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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 1,953 properties.
Suburb Insights for Bungalow 4870
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