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Back 15/171 McLeod St
Off Market

15/171 McLeod St

Cairns North QLD 4870

2
1
1
96 m²
96 m²
Unit
Last sold for $425,000
Alesha WilsonAlesha Wilson, last sold this property on 28 May 2026 after 29 days on market.

Overview

Secure Investment with Long-Term Tenants & Strong Upside

Positioned in a well-maintained complex in sought-after Cairns North, this townhouse presents an outstanding opportunity for the savvy investor seeking immediate rental income with significant future growth potential. Currently tenanted by reliable, long-term occupants since 2019, the property offers stability from day one. The existing lease is secured until September 2026, with tenants expressing a strong desire to remain-providing continuity and peace of mind for the next owner. Returning $425 per week, the property is currently performing below market value, with a rental appraisal indicating a potential increase to approximately $550-$600 per week. This presents a clear opportunity to enhance yield in the near future. Key Investment Highlights: - Long-term tenants in place since 2019 - Lease secured until September 2026 with tenants keen to stay on - Current rent: $425 per week - Rental appraisal: $550-$600 per week -Body corporate fees: approx. $4,800 per annum - Council rates: approx. $3,200 per annum Located just minutes from the Cairns CBD, expanding hospital precinct, and Esplanade, this is a high-demand rental area that continues to attract quality tenants. Enquire to receive a copy of the following documents: Sellers Disclosure Buyers Guide Property Summary Rental Appraisal Offer Form Whether you're expanding your portfolio or securing your first investment, this is a low-maintenance, high-potential property that ticks all the right boxes. **Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
96 m² floor area
96 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Cairns North over the last 12 months, the estimated median property value of 15/171 McLeod St is $445k.

Median value
$445k
Estimated value range
$245k - $810k
Median days on market
34
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 15/171 McLeod St

2026
Sold
$425,000
28 May 2026 by Alesha Wilson, of Ray White Cairns
2020
Sold
$220,000
12 Aug 2020 by Shaun Craike, of Twomey Schriber Property Group
2019
Rented
Undisclosed
Leased on 06 Aug 2019 by Twomey Schriber Property Group

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 2 bedroom units in Cairns North

In the last 12 months, 56 two-bedroom units similar to 15/171 McLeod St, have been sold.

This represents a 13% 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 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)
  •  28 Reviews in Cairns North
  •  22 Sales in Cairns North
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Zoe Wicks

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

  •   4.9   (247 reviews)
  •  9 Reviews in Cairns North
  •  7 Sales in Cairns North
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns North.  They have 22 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (219 reviews)
  •  5 Reviews in Cairns North
  •  22 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   (160 reviews)
  •  6 Reviews in Cairns North
  •  5 Sales in Cairns North
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