OFF MARKET

318/38-40 Abbott Street
Cairns City QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 84m2
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Last updated 11 Nov 2024
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Property Details for 318/38-40 Abbott St, Cairns City

318/38-40 Abbott St, Cairns City is a 1 bedroom, 1 bathroom House. The property has a land size of 84m2.

Building Type
House
Land Size
84m2
Local Government
Cairns Regional

Last Listing description (May 2020)

Positioned in the Mantra on the Esplanade the location of this unit does not get any better. Walk out the door, down the lift and you have your choice of over 100 Bars, Restaurants and Cafes.

With a fully equipped gymnasium and resort pool you have literally everything at your fingertips.

Currently rented to a permanent tenant at $395 per week, but you could live in it, you could also put it in the holiday pool with the on-site management group. A similar apartment managed on-site brought in $56000 gross in the last 12 months and netted approximately $23000 after fees rates and body corp. You can't get that at the bank. Where is your super fund money sitting?

At 59sqm this unit has a full sized kitchen, large master bedroom, good sized lounge and dining which flow out to the comfortable balcony.

This is a great little investment unit.

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Property History for 318/38-40 Abbott St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
  • 09 Oct 2019
    Listed for Sale UNDER CONTRACT

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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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