5/153 Sheridan StreetCairns City QLD 4870
Property Details for 5/153 Sheridan St, Cairns City
5/153 Sheridan St, Cairns City is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 72m2 and floor size of 70m2.
Last Listing description (September 2019)
We dare you to find better value closer to the city. It can't be done I say!
Everything you need and nothing you don't. Unit 5 in the Avante Garde complex could be your next investment project, Air BnB opportunity or maybe even your ticket in to the market. Your mortgage would be cheaper than the rent, I guarantee it!
The Facts -
- Split System air conditioning
- Strong masonry block construction
- Spacious living area
- Internal laundry
- Balcony converted into covered entry/sunroom
- Secure, off street parking.
- Coded gate access.
- Walking distance to CBD and Esplanade
For the owner occupiers - This property presents amazing opportunity. A chance to get off the renting merry go round and start adding equity to your own bottom line all while being right near the City Center. The interior lends itself to some existing renovations with some grand potential lying in your own renovating and styling ideas. A diamond ready to be polished.
For the investors - An inner city location means a high rent return of $300 per week is already in place and Body Corporate fees are a bargain at $2,861 per year. Units like this also lend them selves to very high Air BandB demand as well. Invest in making the interior your own and watch those profits soar!
Property History for 5/153 Sheridan St, Cairns City, QLD 4870
- 23 Aug 2019Listed for Sale Not Disclosed
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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 3,353 properties. Over the last 5 years, Houses in Cairns City have seen a 30.97% increase in median value, while Units have seen a 47.41% increase. As at 31 July 2024:
- The median value for Houses in Cairns City is $528,735 while the median value for Units is $484,978.
- Houses have a median rent of $550 while Units have a median rent of $600.
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