18/253-255 Lake StreetCairns North QLD 4870
Property Details for 18/253-255 Lake St, Cairns North
18/253-255 Lake St, Cairns North is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 72m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 1 bedroom Apartment sold in Cairns North in the last 12 months.
Last Listing description (June 2025)
Stylishly renovated and superbly located, Apartment 18 offers a fresh take on tropical apartment living. Positioned within the popular Central Plaza Hotel complex, this upgraded 1-bedroom apartment is fully furnished and self-contained—ideal for savvy investors.
The 72m² layout has been tastefully modernised, featuring a bright open-plan living, dining, and kitchen space that flows onto a private balcony—perfect for enjoying Cairns’ tropical climate. Situated just behind Cairns Base Hospital and only a block from the Esplanade, this is a prime location for professionals, hospital staff, and holidaymakers. The property is particularly popular with doctors, nurses, and medical staff on locum placements, thanks to its close proximity to the hospital precinct and flexible short-term leasing options. Whether you're an investor or future part time occupier, the convenience here is hard to beat.
MOMENTS FROM:
• Tennis courts, skate park & leafy parklands
• Trendy cafés, restaurants & local favourites
• The Esplanade boardwalk, Lagoon & waterfront precinct
• Cairns CBD – just a 5-minute walk
• Zoned for the highly regarded Cairns State High School
This premium location attracts healthcare professionals, corporate travellers, and families alike—making it an investment opportunity with real staying power.
KEY FEATURES:
• Beautifully renovated spacious 1-bedroom apartment with modern updates
• Fully furnished and self-contained with quality furniture
• Tenancy in place until September 2025
• Private balcony with breezy shutters for comfort and privacy
• Full-size kitchen and appliances
• Air-conditioned throughout with tiled living areas
• Sleek, updated ensuite bathroom
• Internal laundry with washer and dryer
• Secure underground parking
• Resort-style pool, BBQ area, and tropical gardens
INVESTMENT SNAPSHOT:
• Rental income: $550 per week (with potential for a rental increase at the end of the current
lease in September 2025)
• Council Rates: Approx. $3,000 p.a.
• Body Corporate Fees: Approx. $7,312 p.a.
• Strong appeal to healthcare professionals on short- to medium-term contracts, including
doctors and nurses working at nearby hospitals
Currently under a secure tenancy until September 2025, this property is delivering steady returns from day one. It's a set-and-forget investment in a consistently high-demand location.
While the complex allows for short-term stays of up to three months at a time, this particular unit is currently leased, providing immediate income security. For more information regarding occupancy regulations or usage guidelines, prospective buyers are encouraged to contact Cairns Regional Council directly.
The Cairns property market is experiencing solid growth, driven by low vacancy rates, strong rental yields, and an ongoing influx of both lifestyle buyers and medical professionals. Cairns city remains one of Queensland’s top-performing regional markets. Continued infrastructure investment and increased demand for centrally located accommodation add to the long-term upside. Located just a short stroll from the Esplanade, cafés, hospital precinct, and restaurants,
Apartment 18 is a standout opportunity—renovated, tenanted, and superbly located for ongoing returns. Contact Naomi today to arrange your private viewing or to request further details.
Property History for 18/253-255 Lake St, Cairns North, QLD 4870
- 09 Jun 2025Sold for $325,000
- 24 Apr 2025Listed for Sale Offers Over $339,000
- 27 Aug 2024Listed for Rent $550 / week
Recent sales nearby
See more recent sales nearby/assets/perm/xexdxakhhyi6tdaz2we7uzijnm?signature=796089a45c29fd933bdc114b98f0ee7191a0c8d90015eae04abd2a6db624a054){kind=logo}
0
/assets/perm/wev7frljpei63fdwh7yrprlgni?signature=f9a683b3157c779cd62b05986fd7f03b497d7ef1392b09331fbac7cc620c7abd){kind=logo}
0
/assets/perm/u7bxvl56sei6no53t77qcnpjkq?signature=21dc05df4e67568fb74521d6e7ef44c963e0bb7fa0bcef8b5022db49658dd532){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Cairns North 4870
The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2016 was 5191 people. By 2021 the population was 5334 showing a population growth of 2.8% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation.In 2021, 33.80% of the homes in Cairns North were owner-occupied compared with 29.20% in 2016.
Cairns North has 3,988 properties. Over the last 5 years, Houses in Cairns North have seen a 42.87% increase in median value, while Units have seen a 104.96% increase. As at 30 November 2025:
- The median value for Houses in Cairns North is $711,029 while the median value for Units is $455,187.
- Houses have a median rent of $545 while Units have a median rent of $495.
Suburb Insights for Cairns North 4870
Market Insights
Cairns North Trends for Houses
N/A
N/A
View TrendN/A
N/A
Cairns North Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
