325/175 Lake StreetCairns City QLD 4870
Property Details for 325/175 Lake St, Cairns City
325/175 Lake St, Cairns City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 52m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in January 2021.
Last Listing description (March 2021)
When looking for an investment property there are several factors to consider including location, quality of the property, rental returns and opportunity for capital growth. This fantastic one bedroom apartment ticks these boxes.
This apartment is located within "Cascade Gardens Holiday Apartments" which is situated one street back from the beautiful Cairns Esplanade, just 5 minutes' walk to the night markets, our famous fresh food markets "Rusty market" and only 5 minutes' walk to Cairns marina. Simply said the location is perfect.
This apartment is generous in size with 52m of floor space, is immaculately presented and features an internal laundry. There is also ample secure off-street parking for guests. The quality of the property for this price is unbeatable.
While tourism may have temporarily slowed down many people are predicting a record year for domestic tourism and this offers a unique opportunity to purchase at the bottom of the market.
This apartment ticks every box and is priced very competitively. Do not miss your opportunity, enquire today.
NB: Please note that this property is zoned short term accommodation and there are restrictions on long term tenancies.
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THE FACTS
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Year built: Approx 1990's
Unit size: 52sqm
Current rent: Holiday let at a nightly rate
Body corporate fees: Approx $5,329pa
Council rates: Approx $2,500pa
Property History for 325/175 Lake St, Cairns City, QLD 4870
- 29 Jan 2021Sold for $108,000
- 19 Jan 2021Listed for Sale UNDER CONTRACT
- 23 Jun 2016Listed for Sale $113,000
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0About 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.
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