OFF MARKET

8/164-172 Spence Street
Bungalow QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 92m2
Land area: 114m2
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Property Details for 8/164-172 Spence St, Bungalow

8/164-172 Spence St, Bungalow is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 114m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
Unit
Year Built
2006
Floor Size
92m2
Land Size
114m2
Local Government
Cairns Regional
Lot/Plan
8/SP188128

Last Listing description (November 2023)

Situated only 2.2km from the Cairns Esplanade is 8/164-172 Spence Street, a 3-bedroom, 2-bathroom apartment in a secure gated complex of 48 units offering security and comfort for residents and investors. The property features a convenient carport, a spacious balcony ideal for entertaining, and access to a lush tropical swimming pool and BBQ area. To top it off, this apartment is being sold furnished, allowing you to move straight in or for easy investment potential.

Property Features:

- Secure Gated Complex: Enjoy the peace of mind of living in a secure gated community.

- Tropical Swimming and BBQ Area: Immerse yourself in the lush, tropical surroundings of the complex's swimming pool area. It's the perfect place to relax and cool off on hot summer days. Host family and friends for a BBQ by the pool.

- Spacious Balcony: The apartment features a generously sized balcony, providing an ideal space for outdoor dining, relaxation, or social gatherings. Take in the fresh air and the beautiful views of your tropical surroundings.

- Furnished: This property is being sold furnished, offering a hassle-free move-in experience for the new owner. Bring your personal belongings and start enjoying your new home.

- Location: Located in the heart of Bungalow, this property offers a prime location with easy access to local amenities, schools, shopping, and entertainment, and only 2.2km from Cairns Esplanade and CBD.

Whether you are looking for a comfortable and secure place to call home or a prime investment opportunity, this 3-bedroom apartment is an excellent choice. Don't miss the chance to inspect this incredible apartment.

$550-$595 expected rental return
$5608 Body Corporate fees per annum

For enquiries, viewings, or additional information, please contact Natiesha Olufson or Richard King.

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Property History for 8/164-172 Spence St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$400,000
08 Nov 2023
Listed for Rent
$500/w
20 Sep 2022
  • 08 Nov 2023
    Sold for $400,000
  • 30 Oct 2023
    Listed for Sale $400,000
  • 19 Sep 2022
    Listed for Rent $500 / week
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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 5 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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