SOLD
Sold on 05 Mar 2024 for $387,000

5/516-518 Varley Street
Yorkeys Knob QLD 4878

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
Land area: 121m2
Sold By
Freeman's Residential Cairns
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Property Details for 5/516-518 Varley St, Yorkeys Knob

5/516-518 Varley St, Yorkeys Knob is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 121m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Yorkeys Knob in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
89m2
Land Size
121m2
Local Government
Cairns Regional
Lot/Plan
5/SP164490

Last Listing description (April 2024)

You are welcome to inspect unit 5 at 516-518 Varley Street Yorkeys Knob.

Located in a small complex of 10, close the shops, schools and just a small walk away from the beach, this apartment is just 15 minutes' drive from the Cairns CBD. With large tiles to the living and wet areas, high ceilings throughout, and carpeted bedrooms, this unit offers privacy and convenience. The living area is open plan to the modern looking kitchen and is large enough to provide separate dining and living areas. The bedrooms are to one side of the lounge and provide two larger than normal bedrooms. The master has a walk-through robe to the spacious en-suite and sliding glass doors that lead directly out onto the patio, while the second bedroom has built in robes and use of the main bathroom which includes a bath, separate shower, and toilet.

This low-maintenance residence boasts several features:

* Main bedroom carpeted & air-conditioned with walk-in wardrobe, en-suite, fan, and security screens
* Carpeted & air-conditioned bedroom with built-in wardrobe and fan
* Neat and tidy bathroom with shower & bathtub
* Spacious and fresh tiled living area
* Modern looking kitchen with plenty of storage & benchtop space
* Patio with fan
* Backyard
* Undercover carport
* Private and secure storage in front of the carport
* Swimming pool
* BBQ area
* Car wash bay
* Electric sliding gate
* Ground floor with easy access
* Vacant and ready to move in
* Freshly painted

For investors:

For investors, here are the financial details:

Price: Offers in the high 300,000's
Rental Appraised: $450 - $500 per week
Rates: $2,900 approximately per year
Body Corporate: $5,100.00 approximately per year
Number of lots in the complex: 10 units
Year built: 2004
Dev Zoning: Residential 3 (2060)

Call Claudio now to organise your private inspection - a notice of 24 hours is needed to inspect the property.

Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Property History for 5/516-518 Varley St, Yorkeys Knob, QLD 4878

A timeline of how this property has performed in the market
Last Sold
$387,000
05 Mar 2024
Listed for Rent
$300/w
04 Aug 2017
  • 05 Mar 2024
    Sold for $387,000
  • 28 Feb 2024
    Listed for Sale Offers in the high $300,000's
  • 17 Jul 2017
    Listed for Rent $300 / week
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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 1,852 properties. Over the last 5 years, Houses in Yorkeys Knob have seen a 47.58% increase in median value, while Units have seen a 71.46% increase. As at 31 October 2024:

  • The median value for Houses in Yorkeys Knob is $562,734 while the median value for Units is $398,818.
  • Houses have a median rent of $558 while Units have a median rent of $450.
There are currently 33 properties listed for sale, and 1 property listed for rent in Yorkeys knob on OnTheHouse. According to CoreLogic's data, 107 properties were sold in the past 12 months in Yorkeys knob.

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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.