Back 7/199-201 Lake Street
Off Market

7/199-201 Lake Street

Cairns North QLD 4870

1
1
2
79 m²
Apartment
Last sold for $365,000
Billy ClarkeBilly Clarke, last sold this property on 17 January 2025 after 3 days on market.

Overview

Exceptional One-Bedroom Unit in Prime Cairns North Location - A Perfect Blend of Convenience, Comfort, and Investment Potential

This exceptional one-bedroom unit, situated in the vibrant community of Cairns North, offers the perfect blend of modern living and unbeatable convenience. Located in the heart of the city, it's close to hospitals, the thriving dining and shopping precincts, and excellent public transport options. Enjoy stunning views of the esplanade with the aquarium as your neighbor, while being just steps away from world-class amenities. With the esplanade just a few steps away, it combines easy access to amenities with a peaceful, sought-after neighborhood. Nestled in the heart of Cairns North, the property is within walking distance of Cairns Hospital, the medical university, and the city hub. Explore local restaurants, cafes, or enjoy the tranquil residential setting. With the esplanade just a few steps away, it combines easy access to amenities with a peaceful, sought-after neighborhood. This property is perfect for first-time buyers or investors looking to add a high-demand property to their portfolio. Its prime location, modern design, and strong rental potential make it a standout opportunity. - Fully furnished with modern pieces, ready for both investors and owner-occupiers - Private balcony with shutters for privacy and two-way access - Fully functional kitchen with a full-size fridge for comfortable living - Spacious, air-conditioned living area with tiled floors and a cozy carpeted bedroom - Oversized ensuite-style bathroom with a freestanding luxurious bath and separate shower - Internal laundry with full-size appliances for added convenience - Secure allocated parking and elevator access for peace of mind - 20m swimming pool with a BBQ area for residents - 24-hour onsite management for smooth operations and rental flexibility - Currently let under Airbnb, generating around $3,500 per month, this unit offers flexible usage-whether for short-term or long-term rental, or as an owner-occupied home - Body Corporate Fees: $9,559 approx. per annum - Rates: $2,900 per annum - Sold furnished, the unit offers a hassle-free transition for both investors and owner-occupiers DISCLAIMER All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate and accept no liability for errors or omissions, (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Features

1 bedroom
1 bathroom
2 carspaces
1 carport space
1 open car space
79 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Cairns North over the last 12 months, the estimated median property value of 7/199-201 Lake Street is $360k.

Median value
$360k
Estimated value range
$210k - $491k
Median days on market
30
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 7/199-201 Lake Street

2025
Sold
$365,000
17 Jan 2025 by Billy Clarke, of The Industry Estate Agents Pty Ltd

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 1 bedroom apartments in Cairns North

In the last 12 months, 18 one-bedroom apartments similar to 7/199-201 Lake Street, have been sold.

This represents a 52% increase in one-bedroom apartments sales when compared to the previous 12 months.

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