111/166-168 Lake StreetCairns North QLD 4870
Property Details for 111/166-168 Lake St, Cairns North
111/166-168 Lake St, Cairns North is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 98m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Cairns North in the last 12 months.
Last Listing description (February 2017)
Although being on one lot this property is currently being rented as two separate premises. One being a totally self contained studio apartment achieving $240.00 per week. The photo of the Studio still shows the previous decor color but has been painted since. The other is a totally self contained one bedroom apartment achieving $280.00 per week. A combined Income of $520.00. Great Tenants in place.
Investors take note great returns!
All located within the Rydges Hotel on the Esplanade.
Property History for 111/166-168 Lake St, Cairns North, QLD 4870
- 20 Jun 2024Sold for $399,000
- 13 Sep 2016Listed for Sale Not Disclosed
- 19 May 2007Listed for Sale 649000
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About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.
Cairns North has 3,967 properties. Over the last 5 years, Houses in Cairns North have seen a 33.04% increase in median value, while Units have seen a 55.81% increase. As at 31 August 2024:
- The median value for Houses in Cairns North is $635,500 while the median value for Units is $372,537.
- Houses have a median rent of $520 while Units have a median rent of $450.
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