28/186-198 Lake Street, Cairns North, QLD 4870 | Property Value & History | OnTheHouse
 
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28/186-198 Lake Street
Cairns North QLD 4870

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 84m2
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Property Details for 28/186-198 Lake St, Cairns North

28/186-198 Lake St, Cairns North is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 84m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
1975
Floor Size
84m2
Land Size
84m2
Local Government
Cairns Regional
Lot/Plan
28/BUP70033

Last Listing description (April 2021)

When looking for an investment property there are several factors to consider including location, quality of the property, rental returns and opportunity for capital growth. You can't beat the value on offer here.

This apartment is located within Palm Court" which is situated next door to the Cairns Base Hospital, just meters to the Cairns Esplanade and within walking distance to the Cairns Marina. The complex has a mix of long term owner-occupier residents and tenanted properties.

This home has previously been tenanted furnished for two years at $380/week.

Offering space and functionality this unit delivers much more than a great location. With a 84 sqm floor space, unit 28 is tiled through out, split system air conditioner in living room and main bedroom, and has an allocated off street car park. This unit is currently vacant and is suitable for either owner-occupiers or investors.

Don't delay inspecting this property as it is sure to sell fast! Contract Peter Shervey on 0412597000 to arrange an inspection today.

**Photos were taken when unit was previously staged**

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Property History for 28/186-198 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$225,000
17 Mar 2021
Listed for Rent
$380/w
28 Sep 2018
  • 17 Mar 2021
    Sold for $225,000
  • 10 Mar 2021
    Listed for Sale $239,000
  • 16 Oct 2020
    Sold for $210,000
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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. There are 6 parks, covering nearly 9.7% of the 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 3,860 properties. Over the last 5 years, Houses in Cairns North have seen a 50.12% increase in median value, while Units have seen a 92.76% increase. As at 31 July 2026:

  • The median value for Houses in Cairns North is $784,627 while the median value for Units is $488,106.
  • Houses have a median rent of $693 while Units have a median rent of $550.
There are currently 52 properties listed for sale, and 24 properties listed for rent in Cairns north on OnTheHouse. According to Cotality's data, 236 properties were sold in the past 12 months in Cairns north.

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© Copyright 2026. 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.

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