SOLD
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Sold on 18 Dec 2023 for $250,000

2/6-8 Faculty Close
Smithfield QLD 4878

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
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Property Details for 2/6-8 Faculty Cl, Smithfield

2/6-8 Faculty Cl, Smithfield is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in Smithfield in the last 12 months.

Building Type
Unit
Floor Size
62m2
Local Government
Cairns Regional
Lot/Plan
2/SP141247

Last Listing description (December 2023)

Welcome to this fully furnished, fully renovated, modern unit located at Arcadia Gardens opposite James Cook University and Smithfield Shopping Centre.

Due to the onsite managers association with JCU and now the closure of Cairns Student Lodge the level of rental demand for Australian and overseas students is unprecedented. With a predicted weekly rent of $360/wk makes this a lucrative and savvy stress-free investment opportunity.

Alternatively, if you are looking to downsize or relocate or maybe seek an Air BNB or lazy weekender here in Cairns, this walk in ready apartment is the one for you!

-Fully refurbished throughout
-Modern furniture package included
(Extensive Inventory of EVERYTHING, furniture, whitegoods, cutlery, appliances etc)
-First floor with street level access so no stairs
-Basement carpark with lock up storage room
-Option of Wifi included for $20/mth
-28 units in total: 10 owner occupied and 18 investors
-Walk to all amenities nearby

FACTS & FIGURES:
Lots in Complex: 28
Unit Size: 62sqm
Body Corp Fees: $4757 per annum
Council Rates: $2918 per annum
Sinking Fund: $170,000 credit
Admin Fund: $18,000 credit
Rental Potential: $360 per week

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

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Property History for 2/6-8 Faculty Cl, Smithfield, QLD 4878

A timeline of how this property has performed in the market
Last Sold
$250,000
18 Dec 2023
Listed for Rent
$250/w
08 Oct 2015
  • 12 Dec 2023
    Sold for $250,000
  • 04 Dec 2023
    Listed for Sale SOLD BY KARL LATHAM
  • 17 Sep 2015
    Listed for Rent - Price not available
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About Smithfield 4878

The size of Smithfield is approximately 13.1 square kilometres. It has 14 parks covering nearly 31.2% of total area. The population of Smithfield in 2011 was 3,707 people. By 2016 the population was 5,304 showing a population growth of 43.1% in the area during that time. The predominant age group in Smithfield is 20-29 years. Households in Smithfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Smithfield work in a professional occupation. In 2011, 63.7% of the homes in Smithfield were owner-occupied compared with 63.3% in 2016.

Smithfield has 3,658 properties. Over the last 5 years, Houses in Smithfield have seen a 58.37% increase in median value, while Units have seen a 75.98% increase. As at 31 October 2024:

  • The median value for Houses in Smithfield is $706,483 while the median value for Units is $404,810.
  • Houses have a median rent of $680 while Units have a median rent of $400.
There are currently 37 properties listed for sale, and 22 properties listed for rent in Smithfield on OnTheHouse. According to CoreLogic's data, 210 properties were sold in the past 12 months in Smithfield.

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Karl Latham
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Andrea Rolley
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Twomey Schriber Property Group
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