SOLD
RECENT ADVICE
Sold on 18 Jan 2024 for $705,000

262 Lake Street
Cairns North QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 415m2
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Property Details for 262 Lake St, Cairns North

Building Type
Land
Land Size
415m2
Local Government
Cairns Regional
Lot/Plan
8/RP701251

Last Listing description (January 2024)

One of the best located blocks of land to become available in Cairns for some time. Close proximity to the site of the to be built CAIRNS UNIVERSITY HOSPITAL in Charles St. So close to our wonderful Esplanade and very handy to the restaurants, shopping and cultural life of the heart of Cairns CBD (1 km - 13 min walk approx) and the Cairns Hospital (only 650m - 8 min walk approx). The all flat useable site has a 35.8m frontage and a corner position which would provide excellent access and design flexibility. The building(s) would also have an ideal North/South aspect. There is a current Development Approval for 4 luxury apartments. The upper floors of any building would also have some Esplanade and water views. This property has not been available since 1999 and this is indicative of how tightly held these prime locations are.

Rates are approximately $1,869.37 1/2 yearly.

Image #1 - Walk 65m to this!

Property History for 262 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$705,000
18 Jan 2024
  • 18 Jan 2024
    Sold for $705,000
  • 09 Feb 2022
    Listed for Sale REDUCED - OFFERS OVER $729,000
  • 28 Jun 1999
    Sold for $217,000
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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 3,946 properties. Over the last 5 years, Houses in Cairns North have seen a 36.51% increase in median value, while Units have seen a 62.05% increase. As at 31 October 2024:

  • The median value for Houses in Cairns North is $644,909 while the median value for Units is $392,455.
  • Houses have a median rent of $575 while Units have a median rent of $470.
There are currently 37 properties listed for sale, and 43 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Cairns north.

Suburb Insights for Cairns North 4870

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Contact agent
Debbie North
Show contact details
CAIRNS PROPERTY OFFICE
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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.