SOLD
Sold on 05 Feb 2024 for $250,000

7/520-522 Varley Street
Yorkeys Knob QLD 4878

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 85m2
Land area: 85m2
Sold By
James Cowan
Inspire Real Estate Cairns
Save

Property Details for 7/520-522 Varley St, Yorkeys Knob

7/520-522 Varley St, Yorkeys Knob is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 85m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Yorkeys Knob in the last 12 months.

Building Type
Unit
Year Built
1988
Floor Size
85m2
Land Size
85m2
Local Government
Cairns Regional
Lot/Plan
7/BUP70704

Last Listing description (February 2024)

Body Corporate Fee: $3,882.53 Per Annum (If paid before due date)

Positioned in a quiet and sought-after complex, 5/520-522 Varley Street offers a blend of comfort, convenience, and exciting investment potential.

Step inside to a cozy living space, complete with air conditioning to ensure your comfort. The master bedroom also boasts its own air conditioning unit. Built-in robes are featured in both bedrooms, offering ample storage space.

The property also features a well-maintained bathroom and an internal laundry.

Currently tenanted at $260 per week until July 27, 2024, this investment guarantees a reliable income stream with a tenant already in place, giving you peace of mind.

Yorkeys Knob, a coastal suburb of Cairns, Queensland, is renowned for its relaxed atmosphere and natural beauty. The beach, marina, and golf course are within easy reach, providing numerous recreational opportunities. The community is known for its welcoming spirit, making it easy to feel at home.

Don't miss this golden opportunity to invest in a property that offers comfort, convenience, and excellent rental returns. With a current tenant in place, you can start enjoying the benefits of this investment from day one.

Get in touch today to book an inspection!

Property History for 7/520-522 Varley St, Yorkeys Knob, QLD 4878

A timeline of how this property has performed in the market
Last Sold
$250,000
05 Feb 2024
Listed for Rent
$260/w
28 Mar 2023
  • 05 Feb 2024
    Sold for $250,000
  • 09 Nov 2023
    Listed for Sale Not Disclosed
  • 06 Mar 2023
    Listed for Rent $260 / 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 30 properties listed for sale, and 3 properties listed for rent in Yorkeys knob on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Yorkeys knob.

Suburb Insights for Yorkeys Knob 4878

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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.