OFF MARKET

308/6 Lake Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 111m2
Land area: 113m2
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Last updated 11 Nov 2024
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Property Details for 308/6 Lake St, Cairns City

308/6 Lake St, Cairns City is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2005. The property has a land size of 113m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in August 2018.

Building Type
House
Year Built
2005
Floor Size
111m2
Land Size
113m2
Local Government
Cairns Regional
Lot/Plan
308/SP183678

Last Listing description (October 2018)

Capitialise on strong investment returns currently being achieved on this property in the high demand dress circle position.
One bedroom suite with full kitchen and bathroom and studio suite with bathroom and kitchenette on the second floor. Can be rented together or separately for maximum returns.
Walking distance to all amenities including Esplanade, Lagoon, Cairns Central, Woolworths, Restaurants and Cafes.

Other key features include:
- Second floor apartment in quiet position in the building with lift access.
- Main one bedroom suite
- Vendors recently upgraded some furnishings including new mattresses.
- Roof top pool and BBQ area
- Wheelchair access
Please note this property is not currently in a holiday letting program but you may wish to AIRBNB or utilise the on-site national branded on-site manager.
Note: personal occupation for more than 3 months at a time is not possible.
Limited parking is available in a non-allocated parking space.
This is a must to purchase for an astute investor who would like maximum rental returns from their investment and the flexibility to use the property when they desire.
Cairns is experiencing record years of occupancy which is forecast for increasing growth.

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Property History for 308/6 Lake St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$253,000
30 Aug 2018
  • 30 Aug 2018
    Sold for $253,000
  • 23 Nov 2017
    Listed for Sale 279,000
  • 09 Jan 2017
    Listed for Sale 275,000
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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 3,346 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.
There are currently 34 properties listed for sale, and 47 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Cairns city.

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