5-7 Sondrio StreetWoree QLD 4868
Property Details for 5-7 Sondrio St, Woree
Last Listing description (May 2024)
DISTINCT
Situated just 500 meters from a major shopping centre and a mere 7 kilometres from Cairns CBD, this expansive flat block is an enticing prospect for builders and developers. With its cleared, level ground and ample street frontage, the property holds significant potential for residential subdivision, unit developments, or townhouses. Notably, it has previously secured approval for a multi-apartment project, affirming its potential for substantial development ventures.
THE FACTS
- Over 40m Street Frontage
- Fenced on Three Sides
- 500m to a Major Shopping Centre and 7kms to the Cairns CBD
- Previous DA Approval for Multi-Apartment Development
- Surrounded by quality Residential Apartment Buildings
Property History for 5-7 Sondrio St, Woree, QLD 4868
- 03 May 2024Sold for $800,000
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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 2,890 properties. Over the last 5 years, Houses in Woree have seen a 64.54% increase in median value, while Units have seen a 83.30% increase. As at 30 November 2024:
- The median value for Houses in Woree is $525,159 while the median value for Units is $256,040.
- Houses have a median rent of $500 while Units have a median rent of $400.
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