28/186-198 Lake StreetCairns North QLD 4870
Property Details for 28/186-198 Lake St, Cairns North
28/186-198 Lake St, Cairns North is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 84m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (April 2021)
When looking for an investment property there are several factors to consider including location, quality of the property, rental returns and opportunity for capital growth. You can't beat the value on offer here.
This apartment is located within Palm Court" which is situated next door to the Cairns Base Hospital, just meters to the Cairns Esplanade and within walking distance to the Cairns Marina. The complex has a mix of long term owner-occupier residents and tenanted properties.
This home has previously been tenanted furnished for two years at $380/week.
Offering space and functionality this unit delivers much more than a great location. With a 84 sqm floor space, unit 28 is tiled through out, split system air conditioner in living room and main bedroom, and has an allocated off street car park. This unit is currently vacant and is suitable for either owner-occupiers or investors.
Don't delay inspecting this property as it is sure to sell fast! Contract Peter Shervey on 0412597000 to arrange an inspection today.
**Photos were taken when unit was previously staged**
Property History for 28/186-198 Lake St, Cairns North, QLD 4870
- 17 Mar 2021Sold for $225,000
- 10 Mar 2021Listed for Sale $239,000
- 16 Oct 2020Sold for $210,000
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0About 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 3,950 properties. Over the last 5 years, Houses in Cairns North have seen a 32.18% increase in median value, while Units have seen a 55.86% increase. As at 30 September 2024:
- The median value for Houses in Cairns North is $624,408 while the median value for Units is $372,105.
- Houses have a median rent of $650 while Units have a median rent of $460.
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