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Off Market

6/261-265 Sheridan Street

Cairns North QLD 4870

1
1
1
30 m²
1820 m²
Studio
Alesha WilsonAlesha Wilson, last sold this property on 31 July 2025 after 21 days on market.

Overview

Easy-Care Studio in Prime Location - Ideal for Investors or Downsizers

Whether you're looking to downsize into a convenient, low-maintenance lifestyle or invest in a set-and-forget property with a great return, this tidy furnished studio apartment is packed with value and potential. Positioned just minutes from the Cairns CBD, Esplanade, and hospital precinct, this property offers an affordable opportunity in a high-demand location. With a tenant in place until September 2025 paying $300/week, it's a smart addition to any investment portfolio-or a future downsize option with income in the meantime. Property Highlights: • Fully furnished, self-contained studio apartment • Current lease until September 2025 • Air-conditioned and open-plan layout • Compact kitchen, living and sleeping zones • Off-street parking available • In-ground pool in complex The Figures: Rates: Approx $3,000pa Rental Income: $300pw (can be increased in September 2025) Body Corporate Fees: $8,317.44pa Location Perks: • 5 minutes to Cairns CBD, Esplanade & Cairns Hospital • Easy access to public transport • Close to cafes, shops, airport, and medical services Whether you're planning for future lifestyle changes or looking for an investment that works from day one, 6/261-265 Sheridan Street delivers location, simplicity, and strong rental performance. Contact Alesha today for more details - opportunities like this are snapped up quickly! ONSITE AUCTION When: Thursday, 31st July 2025 Time: 5:30pm Auctioneer: David Murphy Secure your spot early! Register now for a seamless bidding experience at our upcoming auction: https://auctionslive.com/app/bidder-registration/W3QgJ **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 endeavour 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

1 bedroom
1 bathroom
1 carspace
1 garage space
30 m² floor area
1820 m² lot size
Studio

Estimated Value

Based on this property and similar 1 bedroom studios sold in Cairns North over the last 12 months, the estimated median property value of 6/261-265 Sheridan Street is $138k.

Median value
$138k
Estimated value range
$117k - $141k
Median days on market
29
Estimated value trend
15%
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 6/261-265 Sheridan Street

2025
Sold
Undisclosed
31 Jul 2025 by Alesha Wilson, of Ray White Cairns
2020
Rented
Undisclosed
Leased on 11 Nov 2020 by DJ Smith Property
2015
Sold
$45,000
08 Dec 2015

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 studios in Cairns North

In the last 12 months, 3 one-bedroom studios similar to 6/261-265 Sheridan Street, have been sold.

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Tim Lyon

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Zoe Wicks

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Kaine Rowe

Kaine Rowe is a recommended agent for Cairns North.  They have 23 local sales and collected 6 local reviews across the last 12 months.

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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)
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