341 Lake Street, Cairns North, QLD 4870 | Property Value & History | OnTheHouse
 
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341 Lake Street
Cairns North QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 4863m2
Land area: 4863m2
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Property Details for 341 Lake St, Cairns North

Building Type
Commercial
Floor Size
4863m2
Land Size
4863m2
Local Government
Cairns Regional
Lot/Plan
47/SP146487

Last Listing description (January 2015)

*** The Serpent Hostel - The Best purpose built hostel in North Queensland ***.
Penridge Commercial is pleased to offer for sale the property located at 341 Lake Street, known as The Serpent Hostel. This 292 bed backpacker complex is superbly positioned only one street back from the Cairns Esplanade and offers owner operators a perfect opportunity to secure one of the best purpose built accommodation complexes in the North.
The complex is built on a 4863m2 'Tourist & Residential' designated site set out to the southern alignment of Lake Street extending though to provide an additional frontage to Digger Street.

Improvements to the site include a semi-modern, three level purpose built backpacker/hostel accommodation building with large reception, foyer and Internet lounge. The site also includes two detached single storey masonry block buildings encompassing a fully fitted out commercial kitchen, bar and storeroom/workshop. The configuration of the main building currently provides 292 accommodation beds and over 84 rooms, including staff accommodation.
Other improvements to the property include bitumen sealed car park, extensive landscaped grounds including in-ground resort pool, beach volleyball area, recreation area and various concrete, paved and timber deck external areas and boundary fencing.
A prime opportunity to secure one of the best backpacker complexes in Far North Queensland!!

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Property History for 341 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$8,000,000
10 Jul 2023
  • 10 Jul 2023
    Sold for $8,000,000
  • 24 Dec 2010
    Listed for Sale Not Disclosed
  • 20 Apr 2009
    Transferred for $179,000
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About 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 4,002 properties. Over the last 5 years, Houses in Cairns North have seen a 47.21% increase in median value, while Units have seen a 102.97% increase. As at 31 December 2025:

  • The median value for Houses in Cairns North is $724,015 while the median value for Units is $465,575.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 28 properties listed for sale, and 38 properties listed for rent in Cairns north on OnTheHouse. According to Cotality's data, 261 properties were sold in the past 12 months in Cairns north.

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