6-8 Hannam StreetBungalow QLD 4870
Property Details for 6-8 Hannam St, Bungalow
Last Listing description (August 2023)
Address:
6-8 Hannam Street & 254 Spence Street, Bungalow, Cairns 4870
Zone: Industry
Dimensions:
- Frontage to Hannam St approx. 26.5m x 154m long (slightly irregular shape) 4001m2
- Frontage to Spence St 15.7m x 28.5m depth approx. 443m2
Improvements:
An old uninhabitable house on the Hannam Street side. All other improvements, covered areas and site offices are the property of the casual tenant.
Tenancy: $42,480 PA + GST until June 30th 2022.
Development:
Ideal for strata warehouse development or several medium sized buildings from 300-600m2 plus yard area. The site offers a wide range of development options.
Property History for 6-8 Hannam St, Bungalow, QLD 4870
- 05 Apr 2022Sold for $1,200,000
- 01 Mar 2022Listed for Sale FOR SALE BY EOI CLOSING THURS, MARCH 31st 5pm
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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 1,949 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.
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