38/71-75 Lake StreetCairns City QLD 4870
Property Details for 38/71-75 Lake St, Cairns City
38/71-75 Lake St, Cairns City is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 50m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in January 2025.
Last Listing description (March 2025)
This apartment presents an exceptional opportunity for buyers seeking a holiday rental investment. Ideally situated with easy access to the best attractions that Cairns has to offer, this property is bound to impress.
Covering 49mon the 5th floor, this well-appointed, fully furnished 1-bedroom apartment boasts a smart open-plan layout that combines the living, dining, and kitchen areas, extending out to a private balcony perfect for enjoying those relaxing afternoon sunsets.
Nestled in the vibrant heart of Cairns, Inn Cairns Boutique Apartments offers an ideal setting for business professionals or holidaymakers. This property is an excellent investment, offering solid returns. Whether you continue renting it as a holiday let through Inn Cairns Boutique Apartments, have it managed by a third party, rent it out privately, the flexibility is yours.
KEY FEATURES:
Fully furnished and self contained apartment with views
Private balcony with shutters, allowing for privacy while welcoming the breeze
Well-equipped kitchen with modern appliances
Spacious, air-conditioned living area with a mix of tiled and carpeted flooring
Comfortable all-in-one ensuite bathroom
Internal laundry with full-sized appliances
Secure underground parking
Resort-style tropical pool and BBQ area in the complex
24/7 on-site management
INVESTMENT POTENTIAL:
Net Return: $28,000 per year
Rental Appraisal: $550 per week approx
Rates: $2,918 pa approx
Body Corporate Fees: $11,668 pa approx.
The propertys prime location puts it within walking distance to the Cairns esplanade, popular shops, and some of the city's best restaurants, making it highly attractive for both residents and visitors.
Cairns is experiencing strong investment growth, driven by a booming tourism sector, major infrastructure projects, and increasing demand for both short-term and long-term accommodation. Key developments, such as upgrades to Cairns Airport and the waterfront precinct, are enhancing the city's appeal. With rising property values and rental returns, Cairns offers solid growth potential for investors seeking strong yields and future capital appreciation.
Contact Naomi today to arrange a private inspection of this outstanding opportunity!
Property History for 38/71-75 Lake St, Cairns City, QLD 4870
- 07 Jan 2025Sold for $222,500
- 25 Dec 2024Listed for Sale Offers in the low to mid $200s
- 19 Oct 2016Listed for Rent - Price not available
Recent sales nearby
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0About Cairns City 4870
The size of Cairns City is approximately 2.1 square kilometres. There are 3 parks, covering nearly 6.3% of the total area. The population of Cairns City in 2016 was 2737 people. By 2021 the population was 3616 showing a population growth of 32.1% in the area during that time. The predominant age group in Cairns City is 20-29 years. Households in Cairns City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cairns City work in a professional occupation.In 2021, 47.30% of the homes in Cairns City were owner-occupied compared with 46.40% in 2016.
Cairns City has 3,424 properties. Over the last 5 years, Houses in Cairns City have seen a 65.47% increase in median value, while Units have seen a 53.26% increase. As at 31 August 2026:
- The median value for Houses in Cairns City is $741,867 while the median value for Units is $606,251.
- Houses have a median rent of $488 while Units have a median rent of $600.
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