SOLD
RECENT ADVICE
Sold on 14 Nov 2024 for $888,000

307 Lake Street
Cairns North QLD 4870

Bedrooms: 11
Bathrooms: 3
Car spaces: -
Floor area: 238m2
Land area: 475m2
Sold By
Adam Saitta
Benchmark Real Estate Cairns
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Property Details for 307 Lake St, Cairns North

307 Lake St, Cairns North is a 11 bedroom, 3 bathroom House and was built in 1940. The property has a land size of 475m2 and floor size of 238m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 11 bedroom House sold in Cairns North in the last 12 months.

Building Type
House
Year Built
1940
Floor Size
238m2
Land Size
475m2
Local Government
Cairns Regional
Lot/Plan
1/RP701268

Last Listing description (December 2024)

Investors gather 'round because this rare Queenslander is your golden opportunity to let the money roll in! Nestled in the heart of Cairns, just one street back from the Esplanade and a short stroll from the hospital precinct, this gem is not only in a prime location but also offers serious earning potential.

With 11 bedrooms across two levels, this property has "cash flow machine" written all over it (STCA)

Downstairs:

- 6 Bedrooms
- 2 Bathrooms
- Kitchen
- Laundry
- Open-plan living/dining

Upstairs:
- 5 Bedrooms
- 3 Bathrooms
- Kitchen
- Front deck

Secure parking behind a large sliding gate, with space for 2 vehicles, or a small fleet of scooters for your eco-friendly tenants.

With 11 rent-able rooms (STCA) in one of Cairns' most sought-after spots, you're looking at a potential rental income of over $2,000 per week. That's right - this property has all the makings to deliver some juicy returns straight to your pocket.

This property does need a bit of work, but whether you're an investor ready to milk the potential (pun intended) or looking to live in one section and let your tenants pay the mortgage, this property is one that simply doesn't come up every day.

INSPECTIONS BY APPOINTMENT - Contact Adam Saitta at Benchmark RE Cairns 0478 901 516 OR Bruce Holmes @Holmes Realty 0402 348 695

Disclaimer: All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavors have been made to ensure the information contained is true and accurate. The photos may include digital staging, and the furniture may not represent what is at the property. We accept no responsibility or liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective buyers are encouraged to make their own enquiries to verify the information contained in this advertisement.

Property History for 307 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$888,000
14 Nov 2024
Listed for Rent
$295/w
28 Jun 2006
  • 14 Nov 2024
    Sold for $888,000
  • 11 Oct 2024
    Listed for Sale Undisclosed
  • 12 Dec 2019
    Listed for Sale $635,000
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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 3,985 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.

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.