332/1-21 Anderson Road, Woree QLD 4868

332/1-21 Anderson Road, Woree QLD 4868
24 mยฒ studio | 1 bed 1 bath | large complex site | low entry price | compact floorplan The property’s most competitive edge is its exceptionally low entry price, which is rare in Woree and positions it strongly for budget-conscious buyers or investors seeking high-yield stock. Its 24 mยฒ internal area is unusually compact, even by studio standards, which limits its appeal to single occupants but creates a niche in the market where affordability is the primary driver. The unit sits within a larger complex on a 1.37 ha site, which suggests shared infrastructure and potentially lower holding costs, though the building’s age and finishes are not disclosed. This property serves best as a low-cost entry point into the local market, where its small size and price point are its defining features. The very small internal area may materially affect the property’s resale or rental appeal, as it restricts the pool of potential buyers or tenants to those who prioritise price over space. The lack of confirmed parking for this specific unit could also be a constraint, as car spaces are often valued in suburban locations. Buyers should weigh whether the low purchase price compensates for the compact footprint and any uncertainty around shared complex costs or building condition. The property’s value is likely tied more to its affordability than to any intrinsic quality or location advantage.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 332/1-21 Anderson Road, Woree QLD 4868
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Market Insight:

Woree presents a compelling investment proposition within the Cairns region, driven by strong demand from interstate and local investors attracted to its relative affordability and high rental yields. The market is characterised by exceptionally tight conditions, with low inventory and rapid sales fuelling significant recent price appreciation. Future growth is underpinned by a tourism-driven population rebound and persistent regional housing shortages, though this same supply constraint presents a key risk, with new developments still years from alleviating the pressure on affordability.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

-

Land

1.37 ha

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