SOLD
RECENT ADVICE
Sold on 07 May 2024 for $390,000

9/183-185 Martyn Street
Manunda QLD 4870

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 9/183-185 Martyn St, Manunda

9/183-185 Martyn St, Manunda is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Apartment sold in Manunda in the last 12 months.

Building Type
Apartment
Local Government
Cairns Regional
Lot/Plan
9/SP162494

Last Listing description (May 2024)

Opportunity Knocks! This property presents a lucrative opportunity with a long standing tenant of 4 years who would ideally like to stay or the perfect new Abode

Nestled within the "West Side Apartments," this top-floor city apartment is the perfect blend of urban living. Boasting a corner aspect that welcomes refreshing breezes, this residence offers a balcony with servery from the kitchen, perfect for entertaining guests.

Residents enjoy access to a relaxing pool and a communal entertainment area — all set within the meticulously maintained complex. With security gating ensuring peace of mind, this exclusive enclave comprises only 12 units, each equipped with a carport and private lock-up storage.

Key features of this apartment include:

- Master bedroom with built-in robe, ensuite, fan & air-conditioning
- Second bedroom with built-ins, fan & air-conditioning
- Carpet in bedrooms
- Open-concept living/dining area with tiled flooring
- Crime safe style security screens for added safety
- Entertainment patio with servery for outdoor enjoyment
- Just 2.3 km to the CBD

Ideal for investors with a tenant in place - Currently Tenanted: $460 per week (No Fixed Term lease in place)

PERFECT INVESTMENT OPPORTUNITY - Gross Return - Approx: 6.1-6.8%

For owners and investors seeking pertinent financial details:

- Annual Admin, Sinking & Insurance Levy Payment (Body Corp Fees): Approximately $6,700pa
- Healthy sinking fund of Approximately $85,000
- Council Rates: Approximately $2,920pa

Conveniently and centrally located near popular dining destinations in Edge Hill, the Esplanade, and the vibrant Cairns CBD, this property promises an unparalleled lifestyle experience.

Don't miss the chance to secure this solid investment or urban sanctuary. Arrange your viewing today! Call Leanne Smith 0405 150 999 for more information.

*** PHOTOS HAVE BEEN EDITED TO PROTECT THE TENANTS PRIVACY***

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Property History for 9/183-185 Martyn St, Manunda, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$390,000
07 May 2024
  • 07 May 2024
    Sold for $390,000
  • 29 Apr 2024
    Listed for Sale UNDER CONTRACT - Contact Agent
  • 09 Aug 2012
    Sold for $230,000
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About Manunda 4870

The size of Manunda is approximately 4.2 square kilometres. It has 12 parks covering nearly 16.2% of total area. The population of Manunda in 2011 was 4,963 people. By 2016 the population was 5,400 showing a population growth of 8.8% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation. In 2011, 39.3% of the homes in Manunda were owner-occupied compared with 38.3% in 2016.

Manunda has 3,106 properties. Over the last 5 years, Houses in Manunda have seen a 49.46% increase in median value, while Units have seen a 77.93% increase. As at 31 July 2024:

  • The median value for Houses in Manunda is $519,049 while the median value for Units is $261,141.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 25 properties listed for sale, and 7 properties listed for rent in Manunda on OnTheHouse. According to CoreLogic's data, 178 properties were sold in the past 12 months in Manunda.

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