OFF MARKET

389 Lake Street
Cairns North QLD 4870

Bedrooms: 8
Bathrooms: 2
Car spaces: 2
Floor area: 220m2
Land area: 627m2
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Last updated 11 Nov 2024
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Property Details for 389 Lake St, Cairns North

389 Lake St, Cairns North is a 8 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 627m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in December 2016.

Building Type
House
Year Built
1960
Floor Size
220m2
Land Size
627m2
Local Government
Cairns Regional
Lot/Plan
3/C198204

Last Listing description (March 2017)

Generally with Real Estate there are some good opportunities and then there are some GREAT OPPORTUNITIES!!!! This is a GREAT opportunity!!!
Two homes in one!!! How does that sound??? You buy it and your tenants pay most of the mortgage!!!
Fully renovated to the highest standard the property has two levels, each providing 4 spacious, air-conditioned bedrooms, two luxury bathrooms, two large living areas and two full kitchens.

Two outstanding residences to be rented separately or, why not, live in one and let the tenant offset the mortgage with the other.
The upper level is the original Queenslander dwelling offering beautiful polished timber floors throughout and lovely high ceilings - all the character and charm you tend to associate with these magnificent homes!!!
Below is fully tiled throughout and with its proximity to town, is ideally suited to either family living or home share type accommodation. Either way a wonderful income source!!!!
The home itself is set on a very well maintained, fully fenced 627sqm block and also houses a large 7m by 6m colour bond shed just right for parking the cars and dads Toys!!!
Powered by 28 Solar panels with a 7kw inverter system, huge electricity bills will be a thing of the past!!!!
Perfectly positioned midway between the Cairns CBD and the Cairns International Airport and just a few hundred metres to the stunning Cairns Esplanade it really is all about location, location, location!!!!
Being offered for sale at $750,000 it represents amazing value for money and will be high on the lists of many astute buyer.
* FULLY RENOVATED TO THE VERY HIGHEST STANDARD
* EIGHT GENEROUS AIR-CONDITIONED BEDROOMS
* FOUR DESIGNER BATHROOMS
* TWO SUPER SPACIOUS LIVING AREAS
* TWO FULL KITCHENS
* HUGE 7M BY 6M COLOUR BOND SHED
* SOLAR POWERED
* MANICURED FULLY FENCED 627M BLOCK
* LOCATION, LOCATION, LOCATION
Essentially, two first class residences with the one low price of $700,000.
As my old Uncle Jack used to say 'There are no missed opportunities - only the people that miss them'. Wise words!!!!
Call Rick today to arrange your inspection - first to see will buy!!!!
Rick Szelpuk 'The name you can't pronounce, for the service you'll never forget!!' 0412 494021

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Property History for 389 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$685,000
21 Dec 2016
Listed for Rent
$800/w
19 Oct 2016
  • 21 Dec 2016
    Sold for $685,000
  • 14 Sep 2016
    Listed for Rent - Price not available
  • 29 Oct 2015
    Listed for Rent $1,000 / week
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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 41 properties listed for sale, and 35 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Cairns north.

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