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 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% 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 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,986 properties. Over the last 5 years, Houses in Cairns North have seen a 38.31% increase in median value, while Units have seen a 75.94% increase. As at 30 April 2025:

  • The median value for Houses in Cairns North is $628,784 while the median value for Units is $413,023.
  • Houses have a median rent of $523 while Units have a median rent of $490.
There are currently 50 properties listed for sale, and 19 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 251 properties were sold in the past 12 months in Cairns north.

Cairns North Profile Page

What's around 341 Lake St, Cairns North

341 Lake St, Cairns North is in the school catchment zone for Cairns State High School and Edge Hill State School.

Nearby Schools
Comparable Properties
Mother of Good Counsel School
0.73km
Cairns North 4870
PrimaryNon-GovernmentP - 6Combined369 Enrolled
Cairns State High School
1.49km
Cairns North 4870
IN CATCHMENTSecondaryGovernment7 - 12Combined1651 Enrolled
Edge Hill State School
1.89km
Edge Hill 4870
IN CATCHMENTPrimaryGovernmentP - 6Combined1148 Enrolled
St Monica's College
1.94km
Cairns City 4870
SecondaryNon-Government7 - 12Combined671 Enrolled
Woree SHS - SchoolTech Campus
2.03km
Manunda 4870
SecondaryNon-GovernmentCombined Enrolled
Trinity Bay State High School
2.15km
Manunda 4870
SecondaryGovernment7 - 12Combined1626 Enrolled
Parramatta State School
2.23km
Parramatta Park 4870
PrimaryGovernmentP - 6Combined329 Enrolled
Cairns School of Distance Education
2.3km
Manunda 4870
CombinedGovernmentP - 12Combined2464 Enrolled
St Augustine's College
2.62km
Parramatta Park 4870
SecondaryNon-Government7 - 12Combined731 Enrolled
Cape York Aboriginal Australian Academy
2.7km
Cairns City 4870
PrimaryGovernmentP - 6Combined178 Enrolled

Suburb Insights for Cairns North 4870

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Market Insights
Cairns North Trends for Houses
Median Value

$629k

1.54%
View Trend
Median Growth

1.12%

View Trend
Median Rent

$522.5/W

4.50%
View Trend
Rental Yield

5.35%

1.29%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (05/24 - 04/25)
Cairns North Trends for Units
Median Value

$413k

14.58%
View Trend
Median Growth

14.05%

View Trend
Median Rent

$490/W

6.52%
View Trend
Rental Yield

6.63%

6.49%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year (05/24 - 04/25)
Neighbourhood Insights
Age

Population 5,185

0-9

 

8%

10-19

 

8%

20-29

 

23%

30-39

 

18%

40-49

 

15%

50-59

 

14%

60-69

 

9%

70-79

 

4%

80-89

 

1%

Household Structure
Occupancy
Visit Cairns North profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2025 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.
Queensland data
Based on or contains data provided by the State of Queensland (Department of Resources) 2025. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws; more information at www.propertydatacodeofconduct.com.au
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
School data and Content
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/legals/third-party-restrictions
ABS data
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode
Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.

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