5/349-351 Lake Street, Cairns North, QLD 4870 | Property Value & History | OnTheHouse
OFF MARKET

5/349-351 Lake Street
Cairns North QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 93m2
Land area: 131m2
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Property Details for 5/349-351 Lake St, Cairns North

5/349-351 Lake St, Cairns North is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 131m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
Unit
Year Built
2004
Floor Size
93m2
Land Size
131m2
Local Government
Cairns Regional
Lot/Plan
5/SP172554

Last Listing description (August 2024)

Nestled within the highly coveted Park Royal area, this stunning, contemporary apartment resides in a secure, upscale complex, conveniently situated just 300 meters from Cairns Esplanade and 1 kilometre from Cairns Base Hospital.

Perched on the second floor, this exceptional dwelling boasts a unique vantage point, offering picturesque views of verdant green fields and the majestic Mt Whitfield. A rare gem in city living, it provides the perfect retreat with its expansive 20-square-meter balcony, affording uninterrupted vistas of North Queensland's natural beauty.

Recently renovated with meticulous attention to detail, the apartment exudes luxury and comfort, presenting an ideal haven ready for immediate occupancy.

Designed with practicality in mind, the layout effortlessly accommodates guests or potential renters, with the master bedroom thoughtfully separated from the additional two bedrooms.

Distinguishing itself from others, this apartment is one of just three in the complex featuring a generous 1m x 3m lock-up storage room, ideal for housing bicycles and extra belongings alongside the secure undercover parking space.

Additional amenities include:

-High-quality porcelain tiling
-Air conditioning
-Contemporary lighting fixtures
-Skylights in the bathroom and kitchen
-Custom-made antique-style glass splashback
-Granite countertops in the kitchen and bathrooms
-Internal laundry facilities and ample storage space
-Well-appointed kitchen with new appliances, including dishwasher, cooktop, oven, and rangehood
-Impressive industrial ceiling fan
-Plantation shutter blinds in two of the bedrooms
-Roller shade blinds on the balcony
-Comprehensive 24/7 monitored security system, including full-camera surveillance and brand-new mobile phone entry intercom
-On-site swimming pool and spa
-Secure pedestrian and vehicle gate access
-Pet-friendly policy

FACTS & FIGURES:
Lots in Complex: 23
Unit Size: 131m2
Body Corp Fees: $6,857 per annum
Council Rates: $2,920 per annum
Sinking Fund: $55,753 credit as at April 2024
Current Rent: $660 per week until 1st August 2024
ROI: 6.18% GROSS on $660 rent per week

This remarkable offering won't last long-seize the opportunity to make it yours today!

Property History for 5/349-351 Lake St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$545,000
15 Jul 2024
Listed for Rent
$650/w
15 Dec 2022
  • 15 Jul 2024
    Sold for $545,000
  • 14 Jun 2024
    Listed for Sale SOLD BY KARL LATHAM
  • 26 Jul 2023
    Listed for Rent $660 / week
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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 3,992 properties. Over the last 5 years, Houses in Cairns North have seen a 42.87% increase in median value, while Units have seen a 104.96% increase. As at 30 November 2025:

  • The median value for Houses in Cairns North is $711,029 while the median value for Units is $455,187.
  • Houses have a median rent of $545 while Units have a median rent of $495.
There are currently 41 properties listed for sale, and 22 properties listed for rent in Cairns north on OnTheHouse. According to Cotality's data, 271 properties were sold in the past 12 months in Cairns north.

Suburb Insights for Cairns North 4870

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.