22/5-7 Water StreetCairns City QLD 4870
Property Details for 22/5-7 Water St, Cairns City
22/5-7 Water St, Cairns City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 96m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in October 2018.
Last Listing description (December 2018)
A Fabulous dual key apartment within the much sought after 'Southern Cross' development in the heart of Cairns City. The development is immaculate and very well run by the onsite managers and this is a great opportunity to purchase a great investment to add into your Super Fund if desired and holiday home at a super price. The location is exceptional being within a short stroll of Cairns Central shopping centre, fine restaurants and cafes and the stunning Esplanade, award winning lagoon and Reef Terminal.
The apartment offers:
- Two fully furnished one bedroom self contained units.
- Light and breezy living space.
- Great location within the development close to the caf and lagoon pools.
- Dual key configuration, two apartments in one.
- Two kitchens, two bedrooms, two bathrooms, two living areas and two enclosed patios.
- Fabulous investment to use for your holiday in Cairns
- Excellent income history with solid returns to the owners
- Fully air-conditioned and ceiling fans
- Guest parking areas.
- Weekly return for last financial year to owners after management fees and upgrades $497.44
- Body Corporate fees $3500 approx per annum
- Council rates $2200 per annum
- Perfectly priced for a quick sale Investors only.
Property History for 22/5-7 Water St, Cairns City, QLD 4870
- 23 Oct 2018Sold for $226,000
- 26 Sep 2018Listed for Sale Sold with Mark Sheridan
- 30 Apr 2003Sold for $253,000
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About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Cairns City in 2011 was 2,180 people. By 2016 the population was 2,739 showing a population growth of 25.6% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation. In 2011, 45.6% of the homes in Cairns City were owner-occupied compared with 46.4% in 2016.
Cairns City has 3,345 properties. Over the last 5 years, Houses in Cairns City have seen a 27.27% increase in median value, while Units have seen a 51.97% increase. As at 31 October 2024:
- The median value for Houses in Cairns City is $509,824 while the median value for Units is $540,509.
- Houses have a median rent of $630 while Units have a median rent of $560.
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