5/36-38 Old Smithfield Rd, Freshwater is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1984. The property has a floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 2 bedroom Unit sold in Freshwater in the last 12 months.
Positioned within the Freshwater Grove complex, this low-maintenance ground floor apartment offers an affordable entry into one of Cairns' most sought-after suburbs.
Just a short stroll to Freshwater State School and public transport, local shops, cafes and everyday conveniences, and only 10 minutes to the Cairns CBD, the location alone makes this an opportunity worth considering.
Comfortable as is, yet offering clear scope to update and add value over time, the property is ideal for first home buyers, downsizers or investors looking to secure a solid asset without overcapitalising.
Constructed with concrete block walls and fully tiled throughout, the apartment provides a practical and durable foundation to build upon.
Features include:
- Open plan living and dining flowing out to a generous private courtyard
- Undercover tiled outdoor area, ideal for entertaining, pets or a low-maintenance garden space
- Functional kitchen with ample bench space, storage and electric cooking
- Two generous bedrooms with built-in wardrobes, main bedroom with split system air conditioning
- Bathroom with step-in shower and single vanity
- Internal laundry with dryer included, conveniently positioned off the kitchen
- Fully tiled throughout with security screens, there is also additional storage in the hallway
- Dedicated undercover carport plus separate storage room
- Access to complex swimming pool
- Pet-friendly complex (subject to body corporate approval)
Investment / Tenancy:
Currently rented on a periodic lease at $460 per week. The tenant has indicated they would consider entering into a new lease. For owner-occupiers, two months' notice is required to obtain vacant possession.
Outgoings:
- Body Corporate: approx. $5,092 p.a. (10% discount applicable if paid on time, with a healthy sinking fund balance of $49,571 as at 27/03/2026)
- Council Rates: approx. $3,300 p.a.
Built in 1984, Freshwater Grove comprises just ten apartments, offering a small and private complex setting. The property includes approximately 62sqm of internal living, complemented by an exclusive-use courtyard, dedicated carport and additional storage.
Only 200m to Freshwater State School and public transport, Redlynch Central Shopping Centre is 4.5km away. Cairns International and Domestic Airports, the Cairns CBD, and the Esplanade precinct are less than an 11 minute drive away. This location supports both lifestyle and long-term investment.
Affordable, well-located and full of potential, this is smart buying in today's market.
Don't miss your chance to inspect, call David Hall on 0491 332 700 today.
The size of Freshwater is approximately 1.7 square kilometres. It has 10 parks covering nearly 7.1% of total area. The population of Freshwater in 2016 was 2023 people. By 2021 the population was 2142 showing a population growth of 5.9% in the area during that time. The predominant age group in Freshwater is 50-59 years. Households in Freshwater are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Freshwater work in a professional occupation.In 2021, 69.70% of the homes in Freshwater were owner-occupied compared with 65.10% in 2016.
Freshwater has 1,160 properties. Over the last 5 years, Houses in Freshwater have seen a 60.76% increase in median value, while Units have seen a 124.10% increase. As at 30 April 2026:
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