7 May StreetCooktown QLD 4895
Property Details for 7 May St, Cooktown
7 May St, Cooktown is a 3 bedroom, 3 bathroom Unit with 4 parking spaces and was built in 2006. The property has a land size of 1016m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 3 bedroom Unit sold in Cooktown in the last 12 months.
Last Listing description (May 2025)
Prime investment opportunity! Secure your future with this well-maintained 3 x 1-bedroom triplex, offering strong rental returns of greater than 9% gross and long-term government leases already in place. Built with durable masonry block construction, this solid investment ensures low maintenance and long-term reliability.
Each identical unit is fully air-conditioned and security screened, providing comfort and peace of mind for tenants. Conveniently located close to schools, hospitals, and essential amenities, this property is highly sought-after, ensuring consistent occupancy and excellent rental income.
With high returns and secure government-backed leases, this is a hassle-free investment that delivers stability and financial growth. Whether you're expanding your portfolio or entering the market, this triplex is a golden opportunity in a prime location.
Property Code: 142
Property History for 7 May St, Cooktown, QLD 4895
- 27 Mar 2025Sold for $545,000
- 12 Mar 2025Listed for Sale Triple Income For $550,000
- 02 Jul 2014Sold for $405,000
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0About Cooktown 4895
The size of Cooktown is approximately 2145.1 square kilometres. It has 20 parks covering nearly 19.8% of total area. The population of Cooktown in 2016 was 2631 people. By 2021 the population was 2746 showing a population growth of 4.4% in the area during that time. The predominant age group in Cooktown is 60-69 years. Households in Cooktown are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooktown work in a professional occupation.In 2021, 55.30% of the homes in Cooktown were owner-occupied compared with 54.10% in 2016.
Cooktown has 1,813 properties. Over the last 5 years, Houses in Cooktown have seen a 49.92% increase in median value, while Units have seen a 46.89% increase. As at 30 November 2025:
- The median value for Houses in Cooktown is $370,857 while the median value for Units is $439,182.
- Houses have a median rent of $850 while Units have a median rent of $325.
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