Great location ! Great potential ! Great Returns !
This 11 bedroom property is the perfect fit for the discerning buyer with brilliant location on low maintenance 354 m2 block with Low Density residential Zoning in place.
Upstairs:
3 bedroom residence with kitchen and bathroom facilities in place, this can be utilized as an on-site managers residence or rented out as well. Polished timber floorboards throughout all properties positioned in Lumley Street are covered by a character precinct overlay, which retain the historical flavour in the street.
Downstairs:
The downstairs area is fully tiled throughout and comprises 8 bedrooms that the seller has advised has Cairns Regional Council approval in place for short term accommodation. 2 bathrooms and well positioned kitchen make the design layout to provide income of up to $250 per week each room.
All bedrooms are air-conditioned and the options are to rent all 11 bedrooms out or live upstairs and rent out 8 rooms downstairs .
The seller has advised council rates are approximately $8,000 per annum. Brilliant location in a quiet street with rapid access to the city centre as a pedestrian, this property to put it simply is astandout in the market place !
For further information or to arrange an inspection contact agent today !
The size of Parramatta Park is approximately 1.6 square kilometres. There are 4 parks, covering nearly 13.9% of the 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 1,971 properties. Over the last 5 years, Houses in Parramatta Park have seen a 57.25% increase in median value, while Units have seen a 90.53% increase. As at 31 July 2026:
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