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Off Market

12/324 Sheridan St

Cairns North QLD 4870

1
1
1
40 m²
Unit
Last sold for $255,000
Ally CousensAlly Cousens, last sold this property on 27 August 2026 after 59 days on market.

Overview

Under-Rented & Ready for Growth

Positioned on the first floor of a well-located complex of 30 units in Cairns North, this affordable one-bedroom apartment presents an excellent opportunity for investors seeking immediate income with significant future upside. The complex also features an in-ground swimming pool for residents to enjoy. Currently leased until 21 September 2026 at $330 per week, the property provides secure income from day one. Savvy investors will immediately recognise the opportunity to improve returns at the next rent review (March 2027). While comfortable and functional as is, the apartment would benefit from a fresh coat of paint and some cosmetic updating, providing an opportunity to add value without undertaking major renovations. To help purchasers visualise the possibilities, some marketing images have been digitally enhanced and virtually furnished to demonstrate the property's potential presentation following cosmetic improvements.. Property Features: • First-floor position • One bedroom with built-in storage • Functional bathroom • Open-plan living and dining area • Air-conditioning • Allocated car parking • In-ground swimming pool within the complex • Currently leased at $330 per week until 21 September 2026 • Potential for rental growth - rental appraisal $330-$370/week • Affordable entry into the Cairns North market •Body Corporate Fees: Approximately $4313/annum •Rates: Approximately $1633/half year Whether you're looking to add to your portfolio or secure an affordable property with future flexibility, this is an opportunity well worth investigating. All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Features

1 bedroom
1 bathroom
1 carspace
1 open car space
40 m² lot size
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Cairns North over the last 12 months, the estimated median property value of 12/324 Sheridan St is $354.5k.

Median value
$354.5k
Estimated value range
$170k - $493k
Median days on market
33
Estimated value trend
65%
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 12/324 Sheridan St

2026
Sold
$255,000
27 Aug 2026 by Ally Cousens, of Twomey Schriber Property Group
2023
Rented
Undisclosed
Leased on 05 Mar 2023 by Twomey Schriber Property Group
2020
Rented
Undisclosed
Leased on 04 Jan 2020 by Twomey Schriber Property Group

Happy sellers in Cairns North

96%
96% 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 40 reviews in Cairns North over the last 12 months.

Local market activity for 1 bedroom units in Cairns North

In the last 12 months, 14 one-bedroom units similar to 12/324 Sheridan St, have been sold.

This represents a 32% increase in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cairns North

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Tim Lyon

Sellers who recommend Tim Lyon have praised them for being clear communication, local expert, responsive, supportive, reliable, well-prepared and honest

  •   5   (384 reviews)
  •  22 Reviews in Cairns North
  •  19 Sales in Cairns North
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Zoe Wicks

Sellers who recommend Zoe Wicks have praised them for being clear communication, local expert, well-prepared, supportive, friendly, responsive and great negotiation

  •   4.9   (258 reviews)
  •  9 Reviews in Cairns North
  •  8 Sales in Cairns North
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns North.  They have 17 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (222 reviews)
  •  3 Reviews in Cairns North
  •  17 Sales in Cairns North
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Tim Winborn-Sharp

Sellers who recommend Tim Winborn-Sharp have praised them for being local expert, clear communication, responsive, friendly, honest, reliable and supportive

  •   4.9   (165 reviews)
  •  4 Reviews in Cairns North
  •  3 Sales in Cairns North
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