10 Boombil Close, Mount Sheridan QLD 4868

430m² level lot | Cairns council, no bushfire risk | 2-car parking | Not currently on market This property at 10 Boombil Close presents a rare entry point into a tightly held 13-house street where the only recent sale achieved $820,000—a figure that now sits below the estimated $870,000 value, suggesting measured but real appreciation. The 430m² lot on a level block with no bushfire overlay gives a buyer a clean canvas in a council area where development constraints are tightening. For a buyer seeking a low-risk residential position in Mount Sheridan, this property offers a configuration edge over newer builds on smaller lots, and the two-car parking is a practical advantage in a suburb where off-street space is increasingly valued. It best suits a long-term holder or a family wanting a solid house with room to add value without overcapitalising. The absence of any recorded sale or rental history for this exact address carries a modest information risk—you are buying without price discovery from prior transactions. The street median of $820,000 and the nearby sale at number 12 for that same figure provide a floor, but the estimated $870,000 value may already reflect some premium for the larger lot. The opportunity lies in the lack of recent street sales and the fact that no property is currently listed, meaning competition for this house, when it comes to market, could be thin but motivated. Hold this property for the medium term and benefit from Mount Sheridan’s steady demand profile; do not expect short-term flipping gains.