216/12 Gregory Street, Westcourt QLD 4870

216/12 Gregory Street, Westcourt QLD 4870
1 bed, 1 bath, 93mยฒ | Cairns One complex | flood zone flagged | vacant and furnished This unitโ€™s competitive edge is its 93mยฒ footprint, unusually generous for a one-bedroom apartment and rare in a secure complex with lift access and onsite security. The walk-through robe and separate laundry suggest a floorplan that functions more like a small two-bedder, which gives a buyer positional leverage over standard one-bedroom stock in Westcourt. It serves best as a low-maintenance owner-occupier base for a downsizer or first buyer who values space and security over proximity to nightlife, and it also works as a lock-and-leave hold for an investor targeting the central Cairns rental pool. The flood-zone flag is the material risk here, it will narrow the buyer pool at resale and may push insurance premiums higher than comparable units outside the zone. The 85% owner-occupier ratio in the building is a positive signal for stability and building care, but the 2013 last-sale date and a past withdrawn listing suggest the property has sat before, so pricing discipline is needed. The opportunity is in the vacant, furnished condition, which removes settlement delays and lets a buyer move or lease immediately. Hold this as a long-term income property or use it as a base while you build equity elsewhere, just verify the body corporate fees and flood insurance cost before committing.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 216/12 Gregory Street, Westcourt QLD 4870
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Market Insight:

Westcourt is a dynamic inner-Cairns suburb positioned for growth, driven by strong investor demand for its high rental yields and a young professional demographic. Recent price trends show robust capital growth, supported by a tight sales market with low days on market. Future prospects are underpinned by significant regional infrastructure investment and population shifts, though risks include rising insurance costs in storm-prone areas and evolving tenancy regulations.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

93mยฒ

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