5 Law StreetCairns North QLD 4870
Property Details for 5 Law St, Cairns North
5 Law St, Cairns North is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 658m2 and floor size of 84m2.This Property is currently listed for sale with One Stop Property
Last Listing description (September 2024)
Tucked away in a peaceful street, just minutes from the CBD and the Esplanade, 5 & 5a Law Street, Cairns North offers two stunning homes on a single title with endless possibilities. Whether you're a large family seeking privacy while living close, or an investor looking for dual income from one purchase, this tropical retreat could be perfect for you.
Currently set up as two separate Airbnbs, the front home is a charming, fully renovated low-set cottage, while the rear features a modern, high-set house on steel stumps - Both are presented beautifully and have their own driveway/entrance.
Key Property Features:
- 658m fully fenced block
- Close to the CBD and Cairns International Airport
- Fully fenced
- Can be subdivided (with council approval): Freehold lots or Strata title
Cottage (5):
- Completely refurbished with a new roof
- 3 bedrooms
- Renovated bathroom with a large shower
- Separate toilet
- Near-new kitchen with ample bench and storage space
- Living area with timber floors throughout
- Air conditioning
- Porch
- Single bay shed & carport
- Private courtyard
- Rental Appraisal: $580 - $600 per week
- Airbnb Rates: Approx. $170/night, up to $329/night on school holidays
High-set House (5A):
- 3 bedrooms (or 2 bedrooms plus office)
- Renovated bathroom with a bathtub
- Modern kitchen with granite benchtops
- Open-plan living and dining area
- Large deck
- Air conditioning
- Carport & lock-up storage
- Breezeway
- Private courtyard
- Rental Appraisal: $500 - $530 per week
- Airbnb Rates: Approx. $170/night, up to $309/night on school holidays
For Investors:
- Council rates: Approx. $3,300 per year
- Potential rental income: $58,760/year (based on current market)
This property offers flexibility and investment potential you won't want to miss! Town planning advice is available upon genuine request.
Property History for 5 Law St, Cairns North, QLD 4870
- 05 Sep 2024Listed for Sale Offers over $820,000
- 22 Apr 2022Listed for Sale Offers in the mid $800,000s
- 23 Nov 2021Listed for Rent $550 / 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 3,972 properties. Over the last 5 years, Houses in Cairns North have seen a 33.04% increase in median value, while Units have seen a 55.81% increase. As at 31 August 2024:
- The median value for Houses in Cairns North is $635,500 while the median value for Units is $372,537.
- Houses have a median rent of $520 while Units have a median rent of $450.
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