41/71 Lake Street

Off Market

41/71 Lake Street

Cairns City QLD 4870

49 m²

Unit

Last sold for $315,000

Tim Lyon, last sold this property on 07 September 2026 after 12 days on market.

Overview

HIGH PERFORMING CBD INVESTMENT

Welcome to a strong yielding investment opportunity that is few and far between, in the vibrant heart of CBD. Neat as a pin, recently refurbished and prime positioned. This affordable money spinner is primed to start bring you string returns from the day one. A stellar location and a history of strong, holiday let performance, coupled with proactive onsite management, apartment 41 is as close to a perfect "set and forget" investment, that you'll ever find. Features we love: - $570 average weekly income, after management fees - Impeccable location, in the heart of the CBD - Recent internal refurbishment - Spacious, modern kitchen with a stone bench tops and plenty of storage - King sized bedroom with ample storage and wall mounted television - Ducted air-conditioning to living room and bedroom - Balcony overlooking the pool and city - Sold fully furnished in turnkey condition - Walking distance to the esplanade, lagoon, marina, dining and cafés - Rooftop terrace, garden and pool - Dedicated Onsite management and booking agent The Figures - Council rates: approx $3,300 per year - Body corp levies: $10,947 per year - Current sinking fund balance: $149,091 - Built in 1996 Sitting in such a convenient location that's an easy stroll from restaurants, cafes, shopping, entertainment and the stunning Cairns Esplanade, relaxation, indulgence and adventure are right at the door front for you and your guests to enjoy alike. If you're looking for a terrific opportunity to make your money work harder for you or perhaps, a sensational holiday retreat that pays for itself, then this is what you've been waiting for. For all inquiries or to arrange your inspection, call Tim Lyon on 0400 355 706 or Ryan Steinborner on 0474 640 592. 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

49 m² lot size

Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Cairns City over the last 12 months, the estimated median property value of 41/71 Lake Street is $310k.

Median value

$310k

Estimated value range

$273k - $589k

Median days on market

Estimated value trend

-5%

decrease 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 41/71 Lake Street

2026

Sold

$315,000

07 Sep 2026 by Tim Lyon, of Twomey Schriber Property Group

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 19 reviews in Cairns City over the last 12 months.

Local market activity for 1 bedroom units in Cairns City

In the last 12 months, 6 one-bedroom units similar to 41/71 Lake Street, have been sold.

This represents a 30% increase in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Cairns City for a free market appraisal.

Kaine Rowe

at Belle Property Cairns

4.9

(223 reviews)

Get a free market appraisal

Tim Lyon

at Twomey Schriber Property Group

(385 reviews)

Get a free market appraisal

Kaz Hartley

at Twomey Schriber Property Group

4.9

(69 reviews)

Get a free market appraisal

Claudio Di Bartolomeo

at Ray White Cairns

(245 reviews)

Get a free market appraisal

Nearby agents

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

Kaine Rowe

Kaine Rowe is a recommended agent for Cairns City. They have 21 local sales and collected 8 local reviews across the last 12 months.

4.9 (223 reviews)
8 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 (385 reviews)
6 Reviews in Cairns City
6 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
11 Sales in Cairns City

View profile

Claudio Di Bartolomeo

Sellers who recommend Claudio Di Bartolomeo have praised them for being clear communication, local expert, responsive, supportive, reliable, friendly and well-prepared