OFF MARKET

506/58-62 Mcleod Street
Cairns City QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 80m2
Land area: 108m2
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Property Details for 506/58-62 Mcleod St, Cairns City

506/58-62 Mcleod St, Cairns City is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 108m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2009
Floor Size
80m2
Land Size
108m2
Local Government
Cairns Regional
Lot/Plan
506/SP213628

Last Listing description (August 2023)

This modern dual key 2-bedroom apartment is located right in the centre of the Cairns CBD.
You can walk to the fabulous Cairns Esplanade and Lagoon, restaurants, cafes, the Cairns night life and there is major shopping centre across the road, so convenient.
The property is currently leased on a holiday let basis but there is the potential to make it permanent living, subject to Council approval.

Just a few of the many features of the property -:
. 2 bedrooms, 2 bathrooms, 2 kitchens, 2 balconies
. Can be split and rented as a 1 bedroom and studio apartments
. Fully furnished and self-contained
. Both balconies offer fantastic views to the Esplanade, ocean, and mountainous surrounds
. Building has secure lift access and parking
. Roof top pool
. On site management

This property offers the investor the opportunity to purchase in a modern building which is very conveniently located in the Cairns city centre, and within walking distance of most of the Cairns CBD attractions.
For further information please contact the agent.
Please note inspections are at the discretion of the management and availability.

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Property History for 506/58-62 Mcleod St, Cairns City, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$327,500
03 May 2023
  • 03 May 2023
    Sold for $327,500
  • 13 Mar 2023
    Listed for Sale $325,000
  • 28 May 2007
    Sold for $365,625

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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.
There are currently 45 properties listed for sale, and 37 properties listed for rent in Cairns city on OnTheHouse. According to CoreLogic's data, 142 properties were sold in the past 12 months in Cairns city.

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