11 Cicero Close, Mooroobool QLD 4870
11 Cicero Close, Mooroobool QLD 4870
Detached 1980s house on large block | Family-oriented street | Strong owner-occupier demand | Solid rental potential | Renovation upside
This property sits within a low-density residential pocket where larger suburban blocks are the norm, offering a configuration that is increasingly uncommon in established Cairns suburbs. The house is likely to appeal most to families seeking practical living space, yard room, and car accommodation, with a layout that suits both owner-occupiers and investors looking for steady rental demand. The suburb’s character is mature and settled, with a mix of standard family homes and upgraded stock, meaning this property holds competitive strength through its land component and the flexibility it offers for future improvements. A buyer wanting a solid, functional family house with scope to add value over time would find this a sensible fit.
The value of this property may be influenced by its condition relative to nearby homes, particularly as the area includes both well-maintained and renovation-ready stock. The larger-than-typical block size may support extensions or outdoor improvements, which could enhance long-term appeal. Rental demand appears supportive, and the absence of major environmental constraints suggests a straightforward holding. Buyers should weigh the potential need for updates against the benefit of acquiring a property with strong land value and a desirable street position.
|| Comparable Sales: 10 Cicero Close sold for $840,000; 11 Jordan Close reflects renovation-grade pricing | Property Price Band: $800,000–$900,000 | Value Drivers: land size, renovation condition, street quality
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Cicero Close, Mooroobool QLD 4870
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Mooroobool, a 4.6 sq km Cairns suburb with 13 parks, is drawing established professionals and childless couples aged 50-59, a cohort favouring owner-occupation (64.9%) and steady mortgage servicing of $1,000-$1,399 monthly. House prices have climbed 16-21% annually to a $639,500-$672,000 median, with units at $410,000; houses sell in roughly 19-20 days on 115-118 annual transactions. Tight supply (0.63% vacancy, 31 houses listed) supports gross yields near 5% for houses and up to 6.3% for units, with weekly rents at $620-$625 and $475-$500 respectively. Future growth rests on infrastructure access to Cairns and limited land (7.6% parkland), but constraints include a 1.2% population decline since 2016, interest-rate sensitivity from typical repayments, and rising stock (+3.3% YoY) that could soften price momentum.
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PropCred Estimated Value
Comparable Sales: 10 Cicero Close sold for $840,000; 11 Jordan Close reflects renovation-grade pricing | Property Price Band: $800,000–$900,000 | Value Drivers: land size, renovation condition, street quality
Bedrooms
4
Bathroom
2
Parking
2
Land
914m²
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