SOLD
Sold on 25 Mar 2024 for $840,000

53 Minnie Street
Parramatta Park QLD 4870

Bedrooms: 4
Bathrooms: 4
Car spaces: -
Land area: 472m2
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Property Details for 53 Minnie St, Parramatta Park

Building Type
Commercial
Year Built
1980
Land Size
472m2
Local Government
Cairns Regional
Lot/Plan
1/RP707993

Last Listing description (February 2024)

Located just 2 kms from Cairns CBD in the popular suburb of Parramatta Park, this unique property offers a multitude of flexible commercial and residential opportunities to either an investor or owner occupier /operator. The property is situated on a 472 sqm corner block and offers great exposure to both Minnie and Draper Streets. Zoned Medium density Residential.
FAST FACTS COMMERCIAL
- Extensively renovated

- Approx 135 sqm of ground floor indoor space.
- Additional covered timber deck offering approx. another 131 sqm of outdoor seating
area.
- 1 Internal Toilet, plus 2 additional toilets outside adjacent to rear courtyard
- Grease Trap - Not currently used.
- Individual electricity meter
- Fully Air - conditioned throughout
- NBN
FAST FACTS RESIDENTIAL
- 4 Bedroom split level residence at rear, kitchen ,Lounge / dining room, bathroom &
W/C
- Built-ins to 2 bedrooms
- Recently renovated.
- Approx 107 sqm
- Fully tiled throughout.
- Currently tenanted until 1st February 2025 @$660 per week - Great tenants
- Fully furnished.
- Smoke alarms compliant
- Individual electricity meter
- Fully Air - conditioned throughout
- Courtyard
- NBN
THE NUMBER CRUNCH
- Rates Approx $9,460 Per Annum

Property History for 53 Minnie St, Parramatta Park, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$840,000
25 Mar 2024
Listed for Rent
$660/w
03 Feb 2023
  • 25 Mar 2024
    Sold for $840,000
  • 24 May 2023
    Listed for Sale NOW "OFFERS OVER $899,000"
  • 09 Dec 2022
    Listed for Rent $660 / week
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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,924 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 38 properties listed for sale, and 11 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Parramatta park.

Suburb Insights for Parramatta Park 4870

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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.