239 Lake StreetCairns North QLD 4870
Property Details for 239 Lake St, Cairns North
Last Listing description (November 2018)
Reef Gateway has hit the market and is priced to sell with a business multiplier under 3x, making this as a great entry point for a new to industry couple, or a savvy operator to take advantage of the city fringe location and potential for growth.
Great fringe CBD location
Prime position to the Cairns Hospitals and Health Precinct
Real opportunity for business growth
Potential to greatly increase letting pool and net profit
Dual Street Access
34% Return on Investment
Motivated vendor priced to sell under 3x multiplier
NB: Property inspections are by appointment only
Property History for 239 Lake St, Cairns North, QLD 4870
- 25 May 2018Listed for Sale $620,000
- 08 Sep 2017Listed for Sale $650,000
- 27 Apr 2015Listed for Rent - Price not available
Recent sales nearby
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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 3,986 properties. Over the last 5 years, Houses in Cairns North have seen a 53.53% increase in median value, while Units have seen a 110.54% increase. As at 30 April 2026:
- The median value for Houses in Cairns North is $796,214 while the median value for Units is $498,352.
- Houses have a median rent of $650 while Units have a median rent of $540.
Suburb Insights for Cairns North 4870
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