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Back 17/71 Lake Street
Off Market

17/71 Lake Street

Cairns City QLD 4870

1
1
1
53.02 m²
0 m²
Apartment
Freeman's Real EstateFreeman's Real Estate, last sold this property on 20 May 2025 after 71 days on market.

Overview

Cozy Holiday Let in the Heart of Cairns City

Welcome to the INN Cairns, a comfortable one-bedroom holiday let apartment perfectly situated in the heart of Cairns City. This charming apartment is ideal for investors looking to grow their portfolio, offering great returns in a prime location. Whether you’re an investor or looking for a getaway, this cozy retreat provides a convenient base to explore all Cairns offers. Key Amenities: • Second Floor Apartment: Overlooking the Pool. • 1 Bedroom: Featuring a queen-sized bed and a TV for convenience. • 1 Bathroom: A spacious bathroom with a bathtub. • Private Balcony: Ideal for unwinding and taking in the views. • Kitchen: Fully equipped with an electric cooktop, oven, microwave, fridge/freezer. • Car Parking Space: A secure, designated parking space for your convenience. • Fully Furnished: The apartment comes fully furnished with everything you need for a comfortable stay. • Air Conditioning: Stay cool in Cairns’ tropical climate with air conditioning throughout. • High-Speed Wi-Fi: Stay connected with fast internet access, perfect for remote work or browsing. • Prime Location: Situated right in the heart of Cairns, just steps from restaurants, shops, and popular attractions. Investment Potential: • Body Corporate Fees: $12,000.00 p/y • Rates: ~$3,100 per year • Yearly Income: $28,140.29 p/y • Managed by onsite Managers: The INN Cairns Returns:8.2% HOLIDAY LET ONLY About the Area: Located in the vibrant heart of Cairns, this holiday rental offers easy access to the city’s top attractions. A short walk will take you to the stunning Esplanade, where you can enjoy waterfront views, our famous Night markets, Rusty markets, and a variety of cafes and restaurants. The Great Barrier Reef is just a short boat ride away, and Cairns Central Shopping Centre is only minutes from your door, providing everything you need for a comfortable stay. This apartment offers the perfect blend of comfort and location, and investment potential. If you’re looking for a reliable income generating property, this one-bedroom apartment ticks all the boxes.

Features

1 bedroom
1 bathroom
1 carspace
1 carport space
53.02 m² floor area
0 m² lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Cairns City over the last 12 months, the estimated median property value of 17/71 Lake Street is $548.65k.

Median value
$548.65k
Estimated value range
$215k - $660k
Median days on market
48
Estimated value trend
49%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cairns City. 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 17/71 Lake Street

2025
Sold
Undisclosed
20 May 2025 by Freeman's Real Estate, of Freemans Residential

Happy sellers in Cairns City

93%
93% of sellers in Cairns City reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 22 reviews in Cairns City over the last 12 months.

Local market activity for 1 bedroom apartments in Cairns City

In the last 12 months, 15 one-bedroom apartments similar to 17/71 Lake Street, have been sold.

This represents a 13% increase in one-bedroom apartments 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 City

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Claudio Di Bartolomeo

Claudio Di Bartolomeo is an award winning recommended agent for Cairns City.  They have 8 local sales and collected 9 local reviews across the last 12 months.

  •   5   (235 reviews)
  •  9 Reviews in Cairns City
  •  8 Sales in Cairns City
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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns City.  They have 21 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (218 reviews)
  •  6 Reviews in Cairns City
  •  21 Sales in Cairns City
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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)
  •  6 Reviews in Cairns City
  •  3 Sales in Cairns City
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Kaz Hartley

Sellers who recommend Kaz Hartley have praised them for being local expert, clear communication, reliable, well-prepared, honest, supportive and dedicated

  •   4.9   (69 reviews)
  •  7 Reviews in Cairns City
  •  12 Sales in Cairns City
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