SOLD
Sold on 18 Apr 2024 for $390,000

501/6 Lake Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 100m2
Land area: 113m2
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Cairns Key Real Estate
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Property Details for 501/6 Lake St, Cairns City

501/6 Lake St, Cairns City is a 2 bedroom, 2 bathroom Unit and was built in 2005. The property has a land size of 113m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Cairns City in the last 12 months.

Building Type
Unit
Year Built
2005
Floor Size
100m2
Land Size
113m2
Local Government
Cairns Regional
Lot/Plan
501/SP183678

Last Listing description (May 2024)

2bed/2bath combined - separate dwellings - 1 single room studio and 1 apartment.

This impressive Dual Key Apartment and Studio is positioned on the fifth floor in the City Quays complex located in the heart of the City centre. Boasting enviable returns, both dwellings offer a comprehensive inclusions list ticking all the boxes for the astute investor.

Facts:

-Both Apartment and Studio are fully furnished with split system a/c
-Total size - 113sqm size
- Stunning roof top pool, BBQ & entertaining area with spectacular views on the seventh floor.
- Tiled in living areas, carpet in bedrooms
- Secure non designated parking.

Apartment:
- One bedroom apartment consists of open plan living/kitchen/laundry/bedroom/en-suite/built-ins/large private balcony.
Studio-
- Studio features kitchenette/bedroom/bathroom/private balcony
- Sold fully furnished including cutlery, crockery, glassware & cooking items

- Excellent returns with exceptional Park Regis Managers
- Two lifts in the complex with secure parking
- Only minutes to Hemingways Brewery at the International Cruise Terminal, Convention Centre, Casino, Restaurants,
Cafes, Bars, Boardwalk, Esplanade & Lagoon
- The income speaks for itself and makes a great outcome for all astute investors to add to their portfolio.
- Owners can reside up to 3 months of the year.
- Rates $1350.00 approx half yearly
- Body corporate fees - $3084.00 approx per quarter

Call Junelle today on 0407 076 528 for your private inspection

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Property History for 501/6 Lake St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$390,000
18 Apr 2024
  • 18 Apr 2024
    Sold for $390,000
  • 21 Mar 2024
    Listed for Sale Contact Agent
  • 23 Jan 2014
    Sold for $289,000
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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 3,345 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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