OFF MARKET

3/505 Varley Street
Yorkeys Knob QLD 4878

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 88m2
Land area: 88m2
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Property Details for 3/505 Varley St, Yorkeys Knob

3/505 Varley St, Yorkeys Knob is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1989. The property has a land size of 88m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
Unit
Year Built
1989
Floor Size
88m2
Land Size
88m2
Local Government
Cairns Regional
Lot/Plan
3/BUP70964

Last Listing description (June 2021)

Shane Trimby presents a unit that offers the astute investor everything that you are looking for in regards to returns and position.

* 3 spacious bedrooms, one doubles as a living area if you like
* Kitchen has ample bench space, loads of cupboards and comes with an electric cook top and oven

* Air-conditioned large open plan living area
* Good sized bathroom and combined laundry
* Fully fenced and covered back courtyard
* Two sizable storage spaces, air-conditioned, fully titled & security screens
* Salt water pool at the rear of the complex
* Only 7 units in the complex

Conveniently located close to the local shopping centre, just down the road is the local school, its only 700 meters away and you can eat out at and enjoy the ocean and mountain views at the Yorkeys Knob Marina and boating club which is also nearby. Its only about 500m to one of the best beaches in Cairns and if you are into golf, the 18 hole golf course is just around the corner.

This neat and tidy unit has plenty of storage, is set in a quiet complex. Complete with undercover entertaining and a sparkling in-ground pool. Currently tenanted until the 18th of October at $295 per week, which means this property could offer you nearly a 7.5% gross return on your investment.

Very reasonable body corporate fees that currently stand around the $1100 per quarter mark. One of the most important rules when investing is to be near schools, shopping, entertainment and public transport, this unit ticks all those boxes.

Make sure you give Shane a call right now to book your inspection of this wonderful opportunity to invest in the jewel of the crown of the Northern Beaches of Cairns.

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Property History for 3/505 Varley St, Yorkeys Knob, QLD 4878

A timeline of how this property has performed in the market
Last Sold
$202,000
10 May 2021
Listed for Rent
$285/w
28 Apr 2017
  • 10 May 2021
    Sold for $202,000
  • 23 Apr 2021
    Listed for Sale Contact Shane Trimby
  • 30 Apr 2017
    Listed for Sale Offers Higher $100,000s Considered
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About Yorkeys Knob 4878

The size of Yorkeys Knob is approximately 11.3 square kilometres. It has 8 parks covering nearly 3.5% of total area. The population of Yorkeys Knob in 2011 was 2,765 people. By 2016 the population was 2,749 showing a population decline of 0.6% in the area during that time. The predominant age group in Yorkeys Knob is 50-59 years. Households in Yorkeys Knob are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yorkeys Knob work in a professional occupation. In 2011, 43.6% of the homes in Yorkeys Knob were owner-occupied compared with 41.8% in 2016.

Yorkeys Knob has 1,869 properties. Over the last 5 years, Houses in Yorkeys Knob have seen a 49.11% increase in median value, while Units have seen a 66.81% increase. As at 31 August 2024:

  • The median value for Houses in Yorkeys Knob is $545,213 while the median value for Units is $366,270.
  • Houses have a median rent of $550 while Units have a median rent of $440.
There are currently 35 properties listed for sale, and 6 properties listed for rent in Yorkeys knob on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in Yorkeys knob.

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