OFF MARKET

5/205 Spence Street
Bungalow QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 85m2
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Property Details for 5/205 Spence St, Bungalow

5/205 Spence St, Bungalow is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 85m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
Unit
Year Built
1994
Floor Size
65m2
Land Size
85m2
Local Government
Cairns Regional
Lot/Plan
5/BUP100712

Last Listing description (February 2019)

Great Buying Close To City Centre!

Located only 1.3km from the Cairns Central Shopping Centre this end unit in a small complex of 5 is a standout for those that are looking for a great investment.

With direct access from the lock-up garage the spacious 2 bedroom unit is 85m2 in area and has the largest courtyard of all 5 units in the complex.

The courtyard has grated access to the recreation park adjoining the unit with the park 1,012m2 in area with playground facilities in place.

Very few complexes within the Cairns City area have direct access into the unit from the lock-up garage facility - Reef Court is one of these complexes!

Built-ins in both bedrooms and air-conditioned throughout, The unit is fully furnished which includes all white goods.

With the same tenant in place from December 2011 paying $260 per week on a periodic arrangement, The Body Corporate fees are an acceptable $4,163 per annum.

For an inspection or further details contact the agent today!

$175,000 Negotiable

Peter Hanrahan
0439 320 961

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Property History for 5/205 Spence St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$160,000
03 Mar 2017
  • 03 Mar 2017
    Sold for $160,000
  • 21 Feb 2017
    Listed for Sale SOLD WITH ALEXIE ARISTIDES
  • 20 Jun 2013
    Listed for Sale $175,000 Negotiable
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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.

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