SOLD
RECENT ADVICE
Sold on 03 May 2024 for $880,000

5-7 Sondrio Street
Woree QLD 4868

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1414m2
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Property Details for 5-7 Sondrio St, Woree

Building Type
Land
Land Size
1414m2
Local Government
Cairns Regional
Lot/Plan
58/RP727196

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

- Large, Flat, Build Ready Land amounting to 1414m2
- 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

A timeline of how this property has performed in the market
Last Sold
$880,000
03 May 2024
  • 03 May 2024
    Sold 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 2,884 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.

Suburb Insights for Woree 4868

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Contact agent
David Galloway-Penney
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Andrew Thornton
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Champion Estate Agents pty ltd
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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.