SOLD
Sold on 21 May 2024 for $350,000

47/164-172 Spence Street
Bungalow QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 110m2
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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 and was built in 2006. The property has a land size of 110m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Bungalow in the last 12 months.

Building Type
Unit
Year Built
2006
Floor Size
82m2
Land Size
110m2
Local Government
Cairns Regional
Lot/Plan
47/SP188128

Last Listing description (May 2024)

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:

Lots in Complex: 48
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.

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Property History for 47/164-172 Spence St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$350,000
21 May 2024
Listed for Rent
$340/w
09 Dec 2012
  • 21 May 2024
    Sold for $350,000
  • 01 Dec 2023
    Sold for $350,000
  • 29 Nov 2023
    Listed for Sale SOLD BY KARL LATHAM
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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 1,964 properties. Over the last 5 years, Houses in Bungalow have seen a 58.49% increase in median value, while Units have seen a 53.45% increase. As at 30 November 2024:

  • The median value for Houses in Bungalow is $513,898 while the median value for Units is $316,963.
  • Houses have a median rent of $450 while Units have a median rent of $385.
There are currently 15 properties listed for sale, and 6 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 92 properties were sold in the past 12 months in Bungalow.

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