OFF MARKET

5/76-78 Cedar Road
Palm Cove QLD 4879

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 90m2
Land area: 148m2
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Property Details for 5/76-78 Cedar Rd, Palm Cove

5/76-78 Cedar Rd, Palm Cove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 148m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
2004
Floor Size
90m2
Land Size
148m2
Local Government
Cairns Regional
Lot/Plan
5/SP165343

Last Listing description (September 2022)

Well positioned in this small boutique apartment complex of only six, this two bedroom, one bathroom townhouse apartment is situated only minutes back from Palm Cove beach and is an ideal investment or first home opportunity.

Layout:
Downstairs - Separate living and dining areas, kitchen, laundry, outdoor entertaining deck

Upstairs - two good sized bedrooms and a light n' bright bathroom.

Apartment Features:
Two spacious bedrooms with built in robes and air conditioning
Polished wooden floorboards
Modern kitchen with plenty of cabinets, and dishwasher
Internal laundry and downstairs toilet
Undercover car space
Fully air conditioned throughout
A resort swimming pool
Tenanted to 5 September at $400 per week

This highly sought after location allows the fortunate owner to be at the beach every day. Perfectly located in the heart of the Palm Cove, you will find cafes, restaurants, and shops nearby. Palm Cove, is a unique and relaxing village by the Coral Sea where centuries old "paperbark" Melaleuca trees line the casual esplanade. For more information and to arrange your inspection today, please contact Matthew Pearce on 0418 708 758 or Simon Batt on 0400 932 229.

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Property History for 5/76-78 Cedar Rd, Palm Cove, QLD 4879

A timeline of how this property has performed in the market
Last Sold
$420,000
22 Aug 2022
Listed for Rent
$350/w
24 Feb 2020
  • 05 Sep 2022
    Listed for Sale Offers over $400,000
  • 22 Aug 2022
    Sold for $420,000
  • 29 Jan 2020
    Listed for Rent $350 / week
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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 2,779 properties. Over the last 5 years, Houses in Palm Cove have seen a 77.98% increase in median value, while Units have seen a 56.29% increase. As at 31 July 2024:

  • The median value for Houses in Palm Cove is $1,011,695 while the median value for Units is $517,030.
  • Houses have a median rent of $775 while Units have a median rent of $475.
There are currently 45 properties listed for sale, and 10 properties listed for rent in Palm cove on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Palm cove.

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