135/12-21 Gregory Street, Westcourt QLD 4870
135/12-21 Gregory Street, Westcourt QLD 4870
Large 158sqm apartment | Resort complex with pool gym tennis | Flood overlay noted | Well above suburb unit median for this size and amenity.
This apartment is competitively strong because of its unusually generous floor area within a resort-style complex that offers substantial shared amenities including a pool, gym, and tennis court. At 158 square metres, it is significantly larger than typical apartment stock in this area, which tends to be much smaller. The dual parking spaces and two bathrooms further reinforce its appeal to owner-occupiers or downsizers seeking a low-maintenance but spacious lifestyle property. The complex was built in 2005, so the building is established, and the location within Westcourt offers reasonable proximity to Cairns. This property serves best a buyer who values space, security, and facilities over a premium address or modern finishes.
The value of this property may be materially affected by the flood overlay identified for the site, which could influence insurance costs or future resale liquidity. The unit’s floor level is not confirmed, and this could affect outlook, natural light, and desirability compared to higher floors. The prior sale price of $464,000 about three years ago provides a reference point, but market conditions have shifted since then. The strong rental yield potential of around 4.9% may support investor interest, but the price guide sits well above typical unit values in the suburb, so the buyer should weigh whether the size and amenity justify the premium over smaller alternatives in the same complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 135/12-21 Gregory Street, Westcourt QLD 4870
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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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
2
Bathroom
2
Parking
1
Land
140m²
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