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Back 38/257 Lake Street
Off Market

38/257 Lake Street

Cairns North QLD 4870

1
1
1
62 m²
Unit
Last sold for $305,000
Tate RobinsonTate Robinson, last sold this property on 24 March 2026 after 21 days on market.

Overview

Prime Holiday Let Opportunity

Welcome to Apartment 38, positioned on Level 1 within the well-regarded Central Plaza Hotel. This fully furnished one-bedroom holiday-let apartment presents a versatile opportunity for investors seeking a low-maintenance base in Cairns. Offering approximately 62m² of internal space, the apartment showcases a generous open-plan design with a contemporary kitchen, tiled living and dining area, and a private balcony. The property is approved for short-term accommodation of up to three months, allowing you to holiday let through the onsite management team or independently via your preferred booking platform. Its prime position directly opposite Cairns Base Hospital and just one block from the Cairns Esplanade ensures consistent appeal for medical professionals, visiting specialists, and holidaymakers alike. - Fully furnished, self-contained one-bedroom apartment - Flexible holiday letting options (onsite or external platforms) - Private balcony with tropical outlook - Full kitchen with quality appliances - Air-conditioned tiled living area - Internal laundry with washer and dryer - Secure underground parking - Resort-style swimming pool, BBQ facilities and landscaped gardens Outgoings & Returns: - Council rates: approximately $3,000 per annum - Body corporate fees: approximately $7,312 per annum - Income statement available on request Currently managed by the onsite holiday letting team, the apartment offers a streamlined, hands-off option for investors. Owners also have the flexibility to transition to independent management should they prefer.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
62 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 38/257 Lake Street is $320.5k.

Median value
$320.5k
Estimated value range
$115k - $490k
Median days on market
31
Estimated value trend
26%
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 38/257 Lake Street

2026
Sold
$305,000
24 Mar 2026 by Tate Robinson, of One Stop Property

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 49 reviews in Cairns North over the last 12 months.

Local market activity for 1 bedroom units in Cairns North

In the last 12 months, 19 one-bedroom units similar to 38/257 Lake Street, have been sold.

This represents a 19% 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)
  •  32 Reviews in Cairns North
  •  25 Sales in Cairns North
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Zoe Wicks

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

  •   4.9   (243 reviews)
  •  10 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 22 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (218 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   (159 reviews)
  •  6 Reviews in Cairns North
  •  6 Sales in Cairns North
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