7/28 Digger Street, Cairns North QLD 4870

1-bedroom unit in Cairns North | small complex with clear comparables | strong rental yield near 7% | flood overlay flagged This unit presents a competitive buying case primarily through its rental yield potential and the clarity of local comparables. In a market where one-bedroom units in Cairns North transact near the mid-$300,000s, the estimated yield above 7% signals strong investor demand and positions the property favourably for buyers seeking immediate rental return. The small nine-unit complex reduces the risk of high body corporate fees or management issues common in larger blocks, while the location near the Esplanade and key amenities supports consistent tenant interest. This property best suits an investor or an owner-occupier prioritising affordability and location over internal space. The flood overlay is the material risk and should be investigated through a property-specific flood report, as it may affect insurance costs and resale liquidity. However, the recent building sales between $282,000 and $291,000 provide a reliable floor for negotiation, and if this unit is well presented or positioned, it may justify a price at the upper end of that range. The NBN FTTP and 5G connectivity are supporting advantages, not primary value drivers, but they reinforce the unit’s appeal to remote workers or tenants. The opportunity lies in securing this property below the asking guide, using the building’s own sales history and the flood overlay as leverage.