OFF MARKET

28/255 Lake Street
Cairns North QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 58m2
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Last updated 30 Sep 2024
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Property Details for 28/255 Lake St, Cairns North

28/255 Lake St, Cairns North is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a floor size of 58m2.

Building Type
Unit
Year Built
2000
Floor Size
58m2
Local Government
Cairns Regional

Last Listing description (November 2022)

The Esplanade, City Centre & Cairns Hospital right on your doorstep.

FNQ Hot Property are very proud to bring this modern, spacious (62m2) one bedroom apartment to the market.

Situated just one block from the beautiful Cairns Esplanade and a short walk to Cairns Hospitals, Cairns Lagoon and Cairns Entertainment Hub, this central apartment ticks every box for the astute inner city resident or smart investor.

Whether you are an owner occupier looking to relocate & enjoy the magic of a tropical lifestyle or an investor, this is a great opportunity. There are a myriad of options from residential, short or long term let, to Airbnb (Booking.com charges upwards of $290/night) the mix of choices mean this apartment will appeal to a wide variety of buyers.

Apart from the amazing location, there are so many additional features on offer here:

Split system air-conditioning throughout (living room and bedroom)
A well appointed full kitchen including dishwasher & fridge freezer
Huge oversize bedroom with Queen sized bed and huge amount of in built cupboard space
Internal washing machine & dryer
Private balcony
WIFI & brand new Smart TV (not to mention 10 free satellite TV channels including 3 cable sports channels provided by the body corporate)
Sparkling in ground swimming pool & spa and poolside BBQ facilities
Immaculate gardens
Securely gated with undercover car park

Annual Body Corp/Strata levies of approx. $6917.52 per annum including building insurance.

With such close proximity to Cairns CBD, Cairns Hospitals and all the major local attractions this apartment will not stay on the market for long.

Property History for 28/255 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
  • 11 Oct 2022
    Listed for Sale FNQ Hot Buy offers $200,000s
  • 14 Dec 2021
    Listed for Sale FNQ Hot Buy offers $190,000s

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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 3,971 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.
There are currently 38 properties listed for sale, and 24 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 243 properties were sold in the past 12 months in Cairns north.

Suburb Insights for Cairns North 4870

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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.