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Off Market

8/324 Sheridan Street

Cairns North QLD 4870

1
1
2
40 m²
240 m²
Apartment
Alesha WilsonAlesha Wilson, last sold this property on 05 June 2025 after 14 days on market.

Overview

Prime Investment Opportunity in the Heart of Cairns North

Centrally positioned just minutes from the Cairns CBD, Esplanade precinct, and domestic/international airports, this low-maintenance 1 bedroom apartment offers savvy investors the perfect addition to their portfolio currently with guaranteed income until January 2026! With a strong rental history, Unit 8 boasts a functional floorplan with open-plan living, generous sized bedroom with built-in robe and separate access directly to the outdoor area for added sunlight and convenience. The complex of 30 units features a swimming pool and off-street parking-key amenities for tenant appeal in this high-demand rental corridor. Key Investment Highlights: Strong rental returns with rental increase in July 2025 Currently tenanted, generating consistent guaranteed income Solid block construction - ideal for remote or hands-off investors Access to on-site pool and shared laundry facilities Close proximity to public transport, hospital precinct, schools, and James Cook University The Figures: Current rental income: $350pw Rent Increase: $370pw in July 2025 Body Corporate Fees: $$2,680.00pa Rates: Approx $3,000pa As at April 2025 - • Sinking Fund - $48,894.71 • Admin Fund - -$(25,352.32) With Cairns North continuing to thrive and attract steady rental demand from health professionals, students, FIFO workers, and city commuters, this property needs a little TLC but delivers a reliable stream of income with potential for future capital growth. Secure a set-and-forget investment in one of Cairns' most dependable rental suburbs - Call Alesha on 0409 055 236 to arrange a private inspection. **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
2 carspaces
1 carport space
1 garage space
40 m² floor area
240 m² lot size
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 8/324 Sheridan Street is $360k.

Median value
$360k
Estimated value range
$210k - $491k
Median days on market
33
Estimated value trend
27%
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 8/324 Sheridan Street

2025
Sold
Undisclosed
05 Jun 2025 by Alesha Wilson, of Ray White Cairns Beaches

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 apartments in Cairns North

In the last 12 months, 21 one-bedroom apartments similar to 8/324 Sheridan Street, have been sold.

This represents a 37% 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 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)
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  •  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)
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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.

  •   4.9   (218 reviews)
  •  6 Reviews in Cairns North
  •  23 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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