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Back 13/164 Spence St
Off Market

13/164 Spence St

Bungalow QLD 4870

2
2
1
89 m²
Unit
Last sold for $520,000
Giles Lort-PhillipsGiles Lort-Phillips, last sold this property on 05 August 2026 after 44 days on market.

Overview

Live, Holiday or Invest – Income-Producing Resort Apartment "Focus on Spence"

Positioned within a secure and beautifully maintained resort-style complex of just 48 residences, this ground floor apartment presents an exceptional opportunity for both owner occupiers and investors seeking convenience, comfort and lifestyle. Ideally located within easy walking distance to the Cairns CBD, Cairns Central Shopping Centre and the Esplanade, enjoy the benefits of low-maintenance living in one of Cairns' most convenient locations. The ground floor position provides effortless access, while the enclosed patio offers a private retreat with direct access to the lush gardens and sparkling resort-style pool-perfect for embracing the tropical lifestyle year-round. Inside, the apartment offers a generous open plan living and dining area, complemented by built-in wardrobes and split system air-conditioning throughout for year-round comfort. The sought-after south-easterly aspect captures natural light while avoiding the harsh afternoon sun. Currently operating as a successful Airbnb accommodation, the property presents an attractive opportunity for investors seeking immediate income potential. Historical financial information is available upon request, with the property having historically generated approximately $30,000 net per annum. Buyers should make their own enquiries regarding future income expectations. Whether you're searching for a city-fringe home, lock-and-leave lifestyle or secure investment opportunity, this property offers outstanding value in an enviable location. The Facts Ground floor position for easy access Enclosed patio with direct access to gardens and resort-style pool Spacious open plan living and dining area Desirable south-easterly aspect with no western afternoon sun Built-in wardrobes and split system air-conditioning throughout Easy walking distance to Cairns CBD, Cairns Central and Esplanade Secure gated complex with onsite management Tropical resort-style swimming pool Currently utilised as a successful Airbnb accommodation Historical financial information available upon request Historically returning approximately $30,000 net per annum* Body Corporate Fees: $9,174 per annum Rates: $3,266 per annum *Income figures are historical only and should not be relied upon as an indication of future performance. Contact Giles today to arrange your private inspection and discuss the property's investment potential in more detail. Please note a minimum of 24 hours' notice is required for all inspections. 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

2 bedrooms
2 bathrooms
1 carspace
1 open car space
89 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Bungalow over the last 12 months, the estimated median property value of 13/164 Spence St is $400k.

Median value
$400k
Estimated value range
$295k - $520k
Median days on market
33
Estimated value trend
34%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Bungalow. 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 13/164 Spence St

2026
Rented
Undisclosed
Leased on 31 Aug 2026 by Twomey Schriber Property Group
2026
Sold
$520,000
05 Aug 2026 by Giles Lort-Phillips, of Twomey Schriber Property Group
2022
Rented
Undisclosed
Leased on 29 Jun 2022 by Twomey Schriber Property Group

Happy sellers in Bungalow

94%
94% of sellers in Bungalow reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 13 reviews in Bungalow over the last 12 months.

Local market activity for 2 bedroom units in Bungalow

In the last 12 months, 11 two-bedroom units similar to 13/164 Spence St, have been sold.

This represents a 36% increase in two-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 Bungalow

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Karl Latham

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Alexie Aristides

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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

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Kaine Rowe

Kaine Rowe is a recommended agent for Bungalow.  They have 1 local sale and collected 3 local reviews across the last 12 months.

  •   4.9   (222 reviews)
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