Back 12/211 Lake St
Off Market

12/211 Lake St

Cairns North QLD 4870

1
1
1
Apartment
Stuart GayStuart Gay, last sold this property on 13 February 2023 after 82 days on market.

Overview

Investors take note! Inner City Apartment

Smack in the middle of Cairns this top floor unit will be a perfect addition to any investor portfolio. Only a stroll to the Cairns Hospital makes the location attractive for future rental potential to hospital contract staff. Currently rented until the 18th of August 2023 at $340.00 per week. (Sorry no internal photos at tenants request) Tiled throughout this one bedroom apartment is very spacious with split system air conditioning to the living and the bedroom. Functional kitchen with electrical cooking appliances. Huge 16m2 bedroom with built-ins. Bathroom/laundry room combined and a single off street carpark. With affordable BC Levies of $2,700 per annum and council and water rates at $2,800 per annum the numbers stack up. Contact Stuart today for private inspections.

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Cairns North over the last 12 months, the estimated median property value of 12/211 Lake St is $360k.

Median value
$360k
Estimated value range
$210k - $491k
Median days on market
30
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns North. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12/211 Lake St

2023
Sold
Private Sale/Treaty on 13 Feb 2023 by Stuart Gay, of Chris Gay Real Estate
2020
Rented
Undisclosed
Leased on 02 Mar 2020 by Property Shop Cairns

Happy sellers in Cairns North

98%
98% of sellers in Cairns North reported that their sale price either exceeded or met their price expectations.

Cairns North stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 45 reviews in Cairns North over the last 12 months.

Local market activity for 1 bedroom apartments in Cairns North

In the last 12 months, 18 one-bedroom apartments similar to 12/211 Lake St, have been sold.

This represents a 52% increase in one-bedroom apartments sales when compared to the previous 12 months.

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