Cairns city-fringe one bedder unit

Cairns city-fringe one bedder unit

7 / 217 Spence St, Bungalow        1 bed  |  1 bath  |  1 car

Cairns city fringe unitPreviously tenanted at $215 per week, this spacious one-bedroom unit is now vacant for sale, perfect for investor or owner occupier. Located in city-fringe “Laguna” a small complex of 12, and only 1.6 kilometres from Cairns City.

The open plan of the kitchen, living and dining areas overlooks the tiled patio area – the perfect spot for relaxing and entertaining guests. The bedroom is spacious, and the bathroom contains the internal laundry complete with clothes dryer and laundry tub.

  • Body Corporate fees are approx. $3,400 per year
  • Large inground pool with lovely garden setting
  • Undercover carport space at the rear of the complex
  • Brand new oven with cooktop
  • Unit size 52m2

This unit has just been freshly professionally painted inside and has new lights and fans. In addition, for those that are wanting their own garden plot, across the road is the Bungalow Community Garden Centre.

Price: $125,000 neg.

To inspect property or for more information please contact selling agent, Daniel Sheehan 0409 265 326.

 

 

Bungalow – snapshot Jun 2020

(source: realestate.com) Bungalow has 13 properties available for rent and 30 properties for sale. Median property prices over the last year range from $373,500 for houses to $210,000 for units. If you are looking for an investment property, consider houses in Bungalow rent out for $380 PW with an annual rental yield of 5.3% and units rent for $270 PW with a rental yield of 6.7%. Based on five years of sales, Bungalow has seen a compound growth rate of 3.0% for houses and 8.2% for units.

 

 

 

Need finance? Contact Scott Smith at Cairns Finance or Aaron Latter at Smartline.

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