8/324-328 Sheridan StreetCairns North QLD 4870
Property Details for 8/324-328 Sheridan St, Cairns North
8/324-328 Sheridan St, Cairns North is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 40m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (December 2025)
Centrally positioned just minutes from the Cairns CBD, Esplanade precinct, and domestic/international airports, this low-maintenance 1 bedroom apartment offers savvy investors the perfect addition to their portfolio currently with guaranteed income until January 2026!
With a strong rental history, Unit 8 boasts a functional floorplan with open-plan living, generous sized bedroom with built-in robe and separate access directly to the outdoor area for added sunlight and convenience. The complex of 30 units features a swimming pool and off-street parking-key amenities for tenant appeal in this high-demand rental corridor.
Key Investment Highlights:
Currently tenanted, generating consistent guaranteed income
Solid block construction - ideal for remote or hands-off investors
Access to on-site pool and shared laundry facilities
Close proximity to public transport, hospital precinct, schools, and James Cook University
The Figures:
Current rental income: $350pw
Rent Increase: $370pw in July 2025
Body Corporate Fees: $$2,680.00pa
Rates: Approx $3,000pa
As at April 2025 -
Sinking Fund - $48,894.71
Admin Fund - -$(25,352.32)
With Cairns North continuing to thrive and attract steady rental demand from health professionals, students, FIFO workers, and city commuters, this property needs a little TLC but delivers a reliable stream of income with potential for future capital growth.
Secure a set-and-forget investment in one of Cairns' most dependable rental suburbs - Call Alesha on 0409 055 236 to arrange a private inspection.
**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavour to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.
Property History for 8/324-328 Sheridan St, Cairns North, QLD 4870
- 23 May 2025Sold for $235,000
- 22 May 2025Listed for Sale Offers in the mid $200,000s
- 13 Nov 2018Listed for Rent - Price not available
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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