33/257-259 Lake StreetCairns North QLD 4870
Property Details for 33/257-259 Lake St, Cairns North
33/257-259 Lake St, Cairns North is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 67m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (December 2023)
If location is everything, then you simply have to check this out. Positioned right opposite the hospital in a very well run and maintained complex, is this one bedroom fully furnished apartment. Popular with hospital staff on contracts and also holiday makers because of the proximity to the City and the famous Esplanade, this unit would make a great addition to your portfolio.
Previously rented at $400pw for the past year, the unit is now back in the on site managers letting pool. The financial year before that it Grossed over $40,000pa.
So, if you're looking not only for location, but for a property that you can set and forget and use for you own holidays when in Cairns, this is it. Or if you want the steady income of a permanent rental, you can do that too. The choice is yours.
The numbers that matter:
- BC fees approx. $6800pa
- Council rates approx. $2700pa
- Previous permanent rental $400pw
- Short term rental income '21-'22 $40,838
Call Shane to book your private inspection now.
Property History for 33/257-259 Lake St, Cairns North, QLD 4870
- 07 Sep 2023Sold for $227,000
- 27 Jun 2023Listed for Sale Not Disclosed
- 24 Feb 2017Sold for $167,500
Recent sales nearby
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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.
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