49 Charles Street, Parramatta Park, QLD 4870 | House for sale | OnTheHouse
 
FOR SALE
Offers Over $950,000

49 Charles Street
Parramatta Park QLD 4870

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Land area: 405m2
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Triple Income Opportunity in the Heart of Parramatta Park

Positioned on a generous allotment just moments from the Cairns CBD, this versatile high-set Queenslander presents an outstanding opportunity for investors seeking strong rental returns or owner-occupiers looking to supplement their income.
Tastefully converted into three self-contained residences, the property offers multiple income streams while retaining the charm and character of its classic Queenslander origins. With separate living spaces, functional layouts and excellent tenant appeal, this is a rare opportunity in one of Cairns' most tightly held city-fringe suburbs.
The upper level features a spacious three-bedroom residence, complete with open plan living and dining, a well-appointed kitchen, private balcony and generous bedrooms serviced by a central bathroom.
Downstairs has been thoughtfully configured into two one-bedroom self-contained apartments, each offering an open plan living and kitchen area, private bedroom with ensuite and walk-in robe, making them ideal for long-term tenants or extended family accommodation.
Situated within walking distance to Cairns CBD, the Esplanade, hospital precinct, schools, public transport and an array of cafés and restaurants, the location ensures consistent rental demand and exceptional convenience.
Property Features:
• High-set Queenslander converted into three separate income-producing residences
Upstairs:
• Three bedrooms
• One bathroom
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Property Details for 49 Charles St, Parramatta Park

49 Charles St, Parramatta Park is a 5 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 405m2. The place is currently for sale with Ray White Cairns.

Building Type
House
Land Size
405m2
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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. There are 4 parks, covering nearly 13.9% of the total area. The population of Parramatta Park in 2016 was 3508 people. By 2021 the population was 3621 showing a population growth of 3.2% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation.In 2021, 33.00% of the homes in Parramatta Park were owner-occupied compared with 29.80% in 2016.

Parramatta Park has 1,969 properties. Over the last 5 years, Houses in Parramatta Park have seen a 57.25% increase in median value, while Units have seen a 90.53% increase. As at 31 July 2026:

  • The median value for Houses in Parramatta Park is $748,017 while the median value for Units is $505,214.
  • Houses have a median rent of $625 while Units have a median rent of $500.
There are currently 15 properties listed for sale, and 13 properties listed for rent in Parramatta park on OnTheHouse. According to Cotality's data, 99 properties were sold in the past 12 months in Parramatta park.

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Ray Murphy
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Ben Keene
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Ray White Cairns
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