SOLD
Sold on 16 Feb 2024 for $260,000

38/257-259 Lake Street
Cairns North QLD 4870

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 62m2
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Property Details for 38/257-259 Lake St, Cairns North

38/257-259 Lake St, Cairns North is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 62m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Cairns North in the last 12 months.

Building Type
Unit
Year Built
2000
Land Size
62m2
Local Government
Cairns Regional
Lot/Plan
38/SP124688

Last Listing description (December 2012)

ALMOST 10% RETURN!! BARGAIN AT $125,000 (SIMILAR UNITS IN COMPLEX FOR SALE AT $170,000+)
With a GUARANTEED RENTAL RETURN of $1,026 NET PER MONTH, this fully furnished TOP LEVEL modern 1 bedroom unit is a BARGAIN at $125,000!
Offering a fully equipped kitchen, air-conditioned tiled living area which opens out onto the private balcony. Positioned just a short walk from the hospital, world famous Cairns Esplanade and lagoon, this a great location purchase.

This unit is really quite unique as you can utilise it as a owner occupier residence or a holiday let investment as it's very popular with holiday makers and has great appeal to employees of both the Cairns Base hospital and Cairns Private Hospital as well as walking distance to the best of everything Cairns City has to offer.
Neat and well presented the Central Plaza complex boasts undercover parking, tropical pool, tourist desk and on-site property management.
This property represents EXCELLENT BUYING so pick up the phone and make your inspection today!

Property History for 38/257-259 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$260,000
16 Feb 2024
  • 16 Feb 2024
    Sold for $260,000
  • 30 Apr 2019
    Sold for $167,000
  • 28 Sep 2016
    Sold for $160,000
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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 3,944 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 40 properties listed for sale, and 35 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.