OFF MARKET

4/9-11 Amphora Street
Palm Cove QLD 4879

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 47m2
Land area: 47m2
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Property Details for 4/9-11 Amphora St, Palm Cove

4/9-11 Amphora St, Palm Cove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 47m2 and floor size of 47m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1977
Floor Size
47m2
Land Size
47m2
Local Government
Cairns Regional
Lot/Plan
4/BUP70052

Last Listing description (February 2022)

Youre welcome to inspect this great two bedrooms fully furnished apartment in Amphora Street, Palm Cove.With three recently renovated units for sale you can choose to buy one (for offers over $290,000) or secure all three of them (Price to be negotiated)! This is a unique opportunity to purchase a low maintenance money maker investment property.All located on the ground floor just a short walk to the World-famous Palm Cove Beach and less than 20 minutes drive from Cairns International Airport.With light neutral colours and plenty of natural light each unit is complimented by the position and property features. Glass louvres freshly painted white walls, privacy screens, new modern kitchen amp; bathroom, lovely finishing and your own private courtyard area. The bedroom has a privacy screen outside so you can leave the curtains and windows open for cooling breezes and the renovated bathroom has a modern and stylish look.With only 12 apartments in the complex and a large pool with feature wall and shower this home has the lot, just a short stroll to Palm Cove Beach and restaurants.A lovely lifestyle awaits!Features include:* Two bedrooms* One neat and tidy bathroom* Modern Kitchen with plenty of cupboard space and breakfast bar* Fully airconditioned* Private Backyard* One secure allocated car parking space* Shared pool* Short walk from the beach* 20 minutes drive from Cairns International Airport* Low maintenance* Low body corporate* Fully furnishedFor investors:Price: Offers over $290,000 (Each unit)Rental appraised long term: $380 - $450 per weekRental appraised holiday letting: $185 - $240 per night depending on the seasonRates: $2,600 approximately per yearBody Corporate approximately : $4,461.49 per year 10% discount for prompt payment ($4,015.34)Potential rental Yield long term rental: Approximately 5% - 6%each unit (Estimate only based on the highest rent return).Potential rental Yield holiday letting: Approximately 15% - 17%each unit (Estimate only based on the highest rent return)Potential long term rental income: $18,200 (Estimate only based on the highest rent return)Potential holiday letting income: $ 56,100 (Estimate only based on the highest rent return and 70% occupancy)Call Claudio now to organise your private inspection - a notice of 24 hours is needed to inspect the property.

Property History for 4/9-11 Amphora St, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$275,000
24 Dec 2021
Listed for Rent
$250/w
27 Jan 2016
  • 24 Dec 2021
    Listed for Sale Offers over $290,000
  • 24 Dec 2021
    Sold for $275,000
  • 15 Mar 2018
    Sold for $670,000
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About Palm Cove 4879

The size of Palm Cove is approximately 3.6 square kilometres. It has 11 parks covering nearly 24.5% of total area. The population of Palm Cove in 2011 was 1,656 people. By 2016 the population was 2,082 showing a population growth of 25.7% in the area during that time. The predominant age group in Palm Cove is 60-69 years. Households in Palm Cove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Cove work in a professional occupation. In 2011, 49.6% of the homes in Palm Cove were owner-occupied compared with 57.1% in 2016.

Palm Cove has 2,775 properties. Over the last 5 years, Houses in Palm Cove have seen a 61.74% increase in median value, while Units have seen a 63.83% increase. As at 31 October 2024:

  • The median value for Houses in Palm Cove is $998,737 while the median value for Units is $559,734.
  • Houses have a median rent of $750 while Units have a median rent of $485.
There are currently 55 properties listed for sale, and 10 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Palm cove.

Suburb Insights for Palm Cove 4879

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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.