SOLD
Sold on 19 Jun 2024 for $318,000

118/2-8 Rigg Street
Woree QLD 4868

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 85m2
Land area: 138m2
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Property Details for 118/2-8 Rigg St, Woree

118/2-8 Rigg St, Woree is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2008. The property has a land size of 138m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Woree in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
85m2
Land Size
138m2
Local Government
Cairns Regional
Lot/Plan
118/SP210222

Last Listing description (August 2024)

Resort style living at 'City Waters' :
* Fixed term tenancy at $470pw until 22nd Nov
* Ideal for investors with good returns or for owner occupiers

* Large Unit 138m2 being 85m2 living, 14m2 Patio, 25m2 Balcony
* Allocated undercover parking space under building 14m2
* Beautfiul creek view and rainforest outlook to the South West
* Single level 1st floor unit in a good position (Building B 2nd Building)
* Lanai with double sets of full height shutters opening out to the large patio overlooking the creek
* Master bedroom with rainforest setting view
* Two bedrooms, master with ensuite
* Two bathrooms both with showers
* Open plan lounge living
* Secure gated complex
* Close to the Gym, smaller pool and BBQ gazebo area
* 4 pools in the complex
* Minutes to the City
* Close to the local shopping centre and amenities

Popular with tenants as the complex offers resort style living having the features and amenities all in a secure complex. In addition it is 5 minutes by car to Cairns Central and roughly 10 minutes to the major local shopping centre.

Total Annual fees are as follows:
Council Rates 2,700
Water 250
Body Corporate Fees 4,964
Building Insurance 1,249
Total 9,163

The property has a fixed term tenancy at $470pw until 22nd November 2024 which provides for a true net yield of approx 4.1%

Price : UNDER CONTRACT

Grant Freeman 0417 159 357

Should you be considering selling your property please do not hesitate to contact us - we are here to help you

Property History for 118/2-8 Rigg St, Woree, QLD 4868

A timeline of how this property has performed in the market
Last Sold
$318,000
19 Jun 2024
Listed for Rent
$300/w
13 May 2015
  • 19 Jun 2024
    Sold for $318,000
  • 29 Feb 2024
    Listed for Sale UNDER CONTRACT
  • 30 Aug 2022
    Sold for $235,000
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About Woree 4868

The size of Woree is approximately 5.8 square kilometres. It has 10 parks covering nearly 27.5% of total area. The population of Woree in 2011 was 4,826 people. By 2016 the population was 4,822 showing a population decline of 0.1% in the area during that time. The predominant age group in Woree is 20-29 years. Households in Woree are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Woree work in a trades occupation. In 2011, 44% of the homes in Woree were owner-occupied compared with 42.8% in 2016.

Woree has 2,884 properties. Over the last 5 years, Houses in Woree have seen a 54.80% increase in median value, while Units have seen a 84.48% increase. As at 31 July 2024:

  • The median value for Houses in Woree is $490,019 while the median value for Units is $244,653.
  • Houses have a median rent of $520 while Units have a median rent of $360.
There are currently 16 properties listed for sale, and 9 properties listed for rent in Woree on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Woree.

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Australian Property Alliance Management
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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.