12/324-328 Sheridan Street, Cairns North, Qld 4870

Offers Over $270,000

Unit
Type
1
Bedrooms
1
Bathrooms
1
Parkings
40 m²
Area

Published on Monday, June 29, 2026 ( See property details for 12/324-328 Sheridan Street, Cairns North, Qld 4870)

Offers Over $270,000

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A well-located, affordable one-bedroom apartment in Cairns North offering secure income, potential for value-adding updates, and access to a complex swimming pool.

🏡 Property Highlights

  • Prime first-floor location within a well-maintained complex of 30 units in Cairns North
  • Currently leased until September 2026 with secure income of $330 per week
  • In-ground swimming pool available for residents' enjoyment
  • Potential for rental growth with future rent review and cosmetic updates
  • Affordable entry point into the Cairns North property market
  • Open-plan living and dining area with air-conditioning for comfort

✨ Key Features

  • First-floor position
  • One bedroom with built-in storage
  • Functional bathroom
  • Open-plan living and dining area
  • Air-conditioning
  • Allocated car parking
  • In-ground swimming pool within the complex
  • Currently leased at $330 per week
  • Potential for rental growth
  • Body Corporate Fees: Approximately $4313/annum

Cairns North is a vibrant coastal suburb renowned for its relaxed lifestyle, proximity to beaches and parks, and strong rental demand. It offers excellent amenities, convenient access to Cairns city, and a welcoming community atmosphere. The area is ideal for investors and first-home buyers alike, with a range of affordable properties and future growth prospects.

What is the current rental income and potential for future rent increases?
The property is currently leased at $330 per week until September 2026, with potential for rental growth to $370 per week following the next rent review in March 2027.
What cosmetic updates could enhance the property's value?
A fresh coat of paint and some cosmetic improvements could significantly enhance the property's presentation and appeal, providing an opportunity to add value without major renovations.
Are there any amenities or facilities within the complex?
Yes, the complex features an in-ground swimming pool for residents to enjoy.
What are the ongoing body corporate fees and rates?
Body Corporate Fees are approximately $4,313 per annum, and rates are approximately $1,633 per half year.
Is the property suitable for investment or owner-occupier purposes?
The property offers secure income for investors and is also an affordable entry point for owner-occupiers looking to enter the Cairns North market.
Are there any upcoming or planned developments in the vicinity that could impact the property's value or living environment? Are there any restrictions or easements affecting the property that I should be aware of? Has the property been inspected for any structural or pest issues? What are the specific strata or body corporate rules and any additional costs involved? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any planned changes to the complex's amenities or services that could affect residents?

12/324-328 Sheridan Street, Cairns North, Qld 4870 - More Details

Offers Over $270,000

Type
Unit
Bedrooms
1
Bathrooms
1
Parkings
1
Area
40 m²

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