7/435-437 Draper StreetParramatta Park QLD 4870
Property Details for 7/435-437 Draper St, Parramatta Park
7/435-437 Draper St, Parramatta Park is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 59m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 1 bedroom Unit sold in Parramatta Park in the last 12 months.
Last Listing description (May 2025)
This charming 1-bedroom apartment is your gateway to both exceptional investment returns and a tranquil lifestyle. Whether youre an astute investor seeking a high-demand property or an owner-occupier searching for a low-maintenance, move-in-ready haven, this top-floor gem offers it all. Positioned in a secure, gated complex, this fully furnished and self-contained 59m apartment is designed for both comfort and convenience, making it the perfect place to call home or a profitable asset to add to your portfolio.
FOR INVESTORS:
This property offers immediate income potential thanks to strong rental demand. Fully furnished and ready for occupancy, it has been meticulously designed to appeal to renters, ensuring maximum return on investment. The property has already generated a net income of over $26k in just 10 months through a management company handling holiday lets. With the flexibility to either continue short-term holiday letting or opt for a long-term lease, the choice is yours. Located in the prime heart of Cairns, this property is well-positioned to continue delivering strong rental yields, making it a highly lucrative addition to any investment portfolio.
FOR OWNER-OCCUPIERS:
This is the ultimate move-in-ready apartment. Imagine waking up each day in your personal tropical retreat, with all the comforts of home and none of the stress. Whether you want to unwind on your private balcony or take a quick stroll to Cairns best restaurants and shops, this apartment offers a lifestyle that perfectly balances relaxation with convenience.
LOCATION:
Nestled above the vibrant city, youll enjoy the peace and privacy of this tropical oasis while being just moments away from Cairns Central, trendy cafes, top-tier restaurants, and local cultural hotspots. It's the best of both worlds a sanctuary to retreat to after a busy day, with everything you need within easy reach.
KEY FEATURES:
Fully furnished, self-contained 1-bedroom apartment with Balinese-inspired design and imported furniture
Recently repainted with brand new air conditioning and ceiling fans throughout
Spacious open-plan kitchen with plenty of storage and built-in laundry
Generous bedroom featuring brand-new air conditioning, built-in wardrobe, and large windows for natural light
Modern ensuite with shower, bathtub, and toilet
Tiled floors throughout for low maintenance, plus security screens and sheer curtains for added comfort
Private, expansive balcony with tropical palm trees offering complete privacy
Small, secure gated complex with allocated car park and a pool area for residents
FINANCIALS:
BC Fees: $5,300 approx pa
Rates: $3,000 approx pa
Rental Appraisal: $510 per week
Income statements available upon request - Net income of over $26k in just 10 months
Whether you're looking for a smart investment or a beautiful home, this apartment offers unbeatable value. It's a rare opportunity to own a piece of Cairns' tropical paradise, with the added benefit of immediate rental income or the chance to live in a turnkey property.
Contact Naomi today to arrange an inspection and secure your slice of paradise!
Property History for 7/435-437 Draper St, Parramatta Park, QLD 4870
- 26 Apr 2025Sold for $341,437
- 10 Apr 2025Listed for Sale Offers Over $339,000
- 08 Mar 2024Sold for $272,000
Recent sales nearby
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About Parramatta Park 4870
The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2016 was 3508 people. By 2021 the population was 3621 showing a population growth of 3.2% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation.In 2021, 33.00% of the homes in Parramatta Park were owner-occupied compared with 29.80% in 2016.
Parramatta Park has 1,956 properties. Over the last 5 years, Houses in Parramatta Park have seen a 63.81% increase in median value, while Units have seen a 109.02% increase. As at 31 December 2025:
- The median value for Houses in Parramatta Park is $716,661 while the median value for Units is $495,110.
- Houses have a median rent of $520 while Units have a median rent of $480.
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