SOLD
Sold on 08 Mar 2024 for $470,000

5/50-52 Water Street
Cairns City QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 118m2
Land area: 168m2
Sold By
Purple Oak Property Group
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Property Details for 5/50-52 Water St, Cairns City

5/50-52 Water St, Cairns City is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2008. The property has a land size of 168m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
118m2
Land Size
168m2
Local Government
Cairns Regional
Lot/Plan
5/SP212592

Last Listing description (May 2024)

This spacious, three bedroom apartment is perfectly positioned for you to take advantage of the Cairns City lifestyle without being right in the middle of the hustle and bustle. With modern finishes and quality fixtures this apartment will not disappoint the owner occupier or the investor!

Property Features:
- Furnished apartment.

- Three spacious bedrooms with the master bedroom comprising of spacious ensuite, built-in wardrobe and balcony with views of the complex swimming pool.
- Open plan lounge and dining space which flows onto your private patio.
- Well-appointed kitchen with stone benchtops, dishwasher and an abundance of cupboard and benchtop space.
- Outdoor entertaining patio flows onto grassed complex area - giving the feeling of a small yard with the bonus of no maintenance!
- Generous main bathroom.
- Air-conditioned throughout.
- Beautiful complex swimming pool.
- Allocated parking for two cars plus storage cupboard located at the rear of the carpark.
- Currently tenanted with great tenants in place until November 2024. Current rent return is $580 per week.

Body Corporate and Council Charges:
- Owners contributions approx. $2300 per quarter.
- Council rates approx. $1400 per half year

To arrange a viewing please contact Joanne.

Property History for 5/50-52 Water St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$470,000
08 Mar 2024
Listed for Rent
$485/w
27 Oct 2021
  • 08 Mar 2024
    Listed for Sale $480,000
  • 08 Mar 2024
    Sold for $470,000
  • 14 Sep 2023
    Listed for Sale $480,000
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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.

Suburb Insights for Cairns City 4870

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.