SOLD
Sold on 25 Oct 2024 for $575,000

19/199-201 Lake Street
Cairns North QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 84m2
Land area: 126m2
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Property Details for 19/199-201 Lake St, Cairns North

19/199-201 Lake St, Cairns North is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 126m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Cairns North in the last 12 months.

Building Type
Unit
Year Built
2006
Floor Size
84m2
Land Size
126m2
Local Government
Cairns Regional
Lot/Plan
19/SP193088

Last Listing description (October 2024)

Discover the perfect blend of investment potential and personal comfort with this delightful 2-bedroom, 2-bathroom unit. Ideal for those looking to make their mark in Cairns real estate or investors seeking a lucrative opportunity, this property offers versatile appeal. Its prime location provides easy access to Cairns Hospital, the Medical University, the CBD and the waterfront. Nestled in a well-maintained complex featuring a resort-style pool, this unit combines practicality with a touch of relaxation.

KEY FEATURES:
*2 Bedrooms, 2 Bathrooms: Enjoy the comfort of two spacious bedrooms, each complemented by its own bathroom for privacy and convenience.

*Flexible Layout being a dual key apartment: The second bedroom boasts its own separate access, presenting an excellent opportunity for additional income as a short-term rental (Airbnb) or as an independent living space for extended family members.
*Kitchen and Living Area: An efficient kitchen seamlessly connects to a cozy living area, offering a practical space for daily routines and quiet relaxation.
*Private Verandas: Both bedrooms feature access to private balcony, providing outdoor spaces to relax and enjoy the fresh air.
*The unit is being sold furnished. The furniture depicted many not be the actual furniture. For a description of the actual furniture/furnishings please contact agent.
*Built 2006
*Body Corporate $13,358.24 pa
*Rates approx $2,918 pa
*Lot size: Lot 19 = 84m2 + 13m2(patio) + 14m2(patio) + 15m2(garage) = 126m2(total)

LOCATION:
Conveniently located in Cairns North, this unit is within walking distance to essential amenities including hospitals, shops, and transportation hubs. Enjoy easy access to the waterfront and other local attractions, ensuring a comfortable and convenient lifestyle right at your doorstep.

Whether you're an investor looking to capitalise on rental income or a savvy buyer eager to own your slice of real estate, this property promises endless possibilities. Don't miss out on this unique opportunity.

CONTACT:
Contact Kate Erwin or James Fennell for inquires and viewings.
This unit is being sold furnished, the furniture depicted may not be the actual furniture. For an actual description of the furniture/furnishings included please contact agent.

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Property History for 19/199-201 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$575,000
25 Oct 2024
  • 25 Oct 2024
    Sold for $575,000
  • 24 Sep 2024
    Listed for Sale Offers in the High $500,000s

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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 3,985 properties. Over the last 5 years, Houses in Cairns North have seen a 39.39% increase in median value, while Units have seen a 64.59% increase. As at 30 November 2024:

  • The median value for Houses in Cairns North is $655,686 while the median value for Units is $397,972.
  • Houses have a median rent of $540 while Units have a median rent of $470.
There are currently 49 properties listed for sale, and 37 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Cairns north.

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