23/4 Chester CourtManunda QLD 4870
Property Details for 23/4 Chester Ct, Manunda
23/4 Chester Ct, Manunda is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 26m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 1 bedroom Unit sold in Manunda in the last 12 months.
Last Listing description (June 2026)
A Genuine Opportunity With A Genuine Deadline: $210,000 ONO Considered | Serious Buyers Only | MUST BE UNDER CONTRACT BY 30th JUNE OR WITHDRAWN
The seller's instructions are clear: this property must be under contract by 30th June 2026 or it will be withdrawn from the market. Importantly, the property does not need to settle by 30 June, simply be under contract. If not sold by the deadline, the seller intends to retain the asset.
Affordable investment opportunities with the potential to deliver this level of return are becoming increasingly difficult to find. Positioned within a quiet, well-maintained complex of only 26 apartments, this first-floor studio apartment presents an exceptional opportunity for investors seeking strong cash flow, low-maintenance ownership and an affordable entry point into the Cairns property market. Currently leased on a periodic month-to-month tenancy, the property also offers flexibility for future owner-occupiers, with vacant possession potentially available in approximately two months.
The Highlights:
• Potential 9.3% Gross Yield*
• Affordable Entry Price
• Periodic Tenancy Offering Flexibility
• Quiet Complex of Only 26 Apartments
• Swimming Pool Within The Complex
• Well-Managed Body Corporate
• Low-Maintenance "Set & Forget" Investment
• Under Contract By 30th June or Withdrawn
Property Features:
• First-floor studio apartment (26m²)
• Functional kitchenette
• Bathroom with freestanding shower
• Air-conditioning
• Allocated car park
• Shared laundry facilities
• Swimming pool within the complex
The Bottom Line:
• Rental Appraisal: $375 per week (approx.), currently achieving $340 per week on a periodic lease.
• Body Corporate Levies: $2,200 p.a. (approx.)
• Council Rates: $1,500 half-yearly (approx.)
Whether you're looking to add a high-yield asset to your portfolio, secure an affordable investment with strong income potential, or purchase a future home at an attainable price point, this opportunity deserves your immediate attention.
Properties at this price point with this level of investment appeal are becoming increasingly rare.
$210,000 ONO Considered | Serious Buyers Only
Please note: The marketing photographs are representative only and do not depict the exact apartment currently available, as the property is tenanted. The images shown are from a similar unit within the complex A minimum of 48 hours' notice is required for inspections or property access, as the apartment is currently occupied. A video walkthrough is available upon request.
Yield Disclaimer: Any reference to rental income, rental appraisal, gross yield, return on investment or future investment performance is provided as an estimate only and is based on information available at the time of marketing. The stated gross yield has been calculated using the asking price of $210,000 and a rental appraisal of $375 per week. Actual returns may vary depending on purchase price, vacancy periods, management fees, maintenance costs, insurance premiums, statutory charges and other ownership expenses. Prospective purchasers should undertake their own independent investigations and obtain professional financial, legal and taxation advice. Neither the seller nor the agent guarantees any rental return, yield or future investment performance.
Property History for 23/4 Chester Ct, Manunda, QLD 4870
- 30 Jun 2026Sold for $187,000
- 16 Jun 2026Listed for Sale Contact Agent!
- 19 Jun 2024Listed for Rent $260 / week
Recent sales nearby
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About Manunda 4870
The size of Manunda is approximately 4.2 square kilometres. There are 12 parks, covering nearly 16.2% of the total area. The population of Manunda in 2016 was 5390 people. By 2021 the population was 5191 showing a population decline of 3.7% in the area during that time. The predominant age group in Manunda is 20-29 years. Households in Manunda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manunda work in a community and personal service occupation.In 2021, 41.20% of the homes in Manunda were owner-occupied compared with 38.30% in 2016.
Manunda has 3,176 properties. Over the last 5 years, Houses in Manunda have seen a 87.62% increase in median value, while Units have seen a 163.76% increase. As at 31 May 2026:
- The median value for Houses in Manunda is $669,587 while the median value for Units is $410,657.
- Houses have a median rent of $650 while Units have a median rent of $435.
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