15/310-316 Lake Street, Cairns North QLD 4870
15/310-316 Lake Street, Cairns North QLD 4870
3 bed ground floor | 161 m² apartment | pool/spa complex | large for Cairns North | courtyard access
This apartment is competitively strong because it offers a genuinely large three-bedroom layout with ground-floor access and private outdoor space, which is relatively uncommon in Cairns North’s unit market. The complex is tightly held and well-managed, with a pool and spa that are supported by solar panels to keep common costs reasonable. The contemporary interior, secure gated entry, and lock-up garage make it particularly suited to owner-occupiers, downsizers, or professionals seeking a low-maintenance home close to the city and hospital precinct. The size and configuration give it an edge over most two-bedroom stock in the area, and the courtyard access adds a lifestyle benefit that higher-floor units lack.
The body corporate levy of around $4,374 per year is meaningful and should be weighed against the amenity provided, though the solar offset suggests the committee is proactive about efficiency. The ground-floor position may offer less privacy than upper levels and could be more exposed to common area noise. The absence of a confirmed build year or full renovation date means the buyer should verify the condition of major systems and any upcoming special levies. Rental demand signals vary, so the achievable return may depend on how the property is presented and marketed relative to similar units in the complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/310-316 Lake Street, Cairns North QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Cairns North is a well-located suburb prized for its proximity to the CBD and lifestyle amenities. Demand is primarily driven by owner-occupiers, including first-home buyers and upgraders, attracted by its accessibility and chronic housing undersupply. While house price trends show conflicting data, the unit market demonstrates strong recent growth, supported by tight rental conditions and solid yields. Future growth is underpinned by significant infrastructure investment and population growth, though rising insurance costs in storm-prone areas present a notable constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
160m²
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