17/82-86 Martyn Street, Parramatta Park QLD 4870

17/82-86 Martyn Street, Parramatta Park QLD 4870
2/2/2 on 123m² | 2008-built gated complex | Pool, secure parking, storage | Walkable to Cairns CBD | Larger-than-typical 2-bed footprint A competitively strong example of inner-city apartment living is offered by this unit. Its 2 bed, 2 bath, 2 car configuration on 123 m² is larger than the typical compact footprint found in most Cairns fringe apartment stock. The 2008 build is considered young for the area, and the complex amenities of a pool, gated security, and secure lock-up parking are seen as delivering genuinely low-maintenance living. Its walkable position near the Cairns CBD and Cairns Central is viewed as a persistent advantage in this market. The property is best suited to owner-occupiers looking to downsize without losing space, and to investors wanting broad appeal from a secure, well-serviced complex. Value may be shaped by how the exact internal finish compares with other units in the complex, given split-level layouts and balcony space in some lots. Floor level and outlook might influence price for buyers who place weight on privacy and natural light, and strata costs for a 2008 complex should be weighed when forming a view on price. >> Comparable Sales: 37/82-86 Martyn Street, same complex, $440,000 (Oct 2024) | Property Price Band: $400K–$500K | Value Drivers: modern build, secure parking, central location
Detailed Independent Property Report prepared  by PropCred Analyst team for 17/82-86 Martyn Street, Parramatta Park QLD 4870
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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Market Insight

Parramatta Park, an inner-city Cairns suburb, shows a bifurcated market. Houses have softened: median $705,000, -1.7% annual growth. Units have strengthened: median $424,000, +12.2% annually. Rental yields are solid-houses 4.9%, units 6.4%-with weekly rents of $560 and $463 respectively. Demand is driven by renters and younger professionals, with many childless couples; five-year value gains are substantial (houses +59.3%, units +108.4%). Proximity to Cairns CBD and extensive parkland underpin future demand. Risks centre on houses: thin turnover (31 annual sales), a 42.9% year-on-year increase in house stock on market, and negative compound growth. Units appear more resilient; houses carry elevated risk.
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PropCred Estimated Value

Bedrooms

3

Bathroom

3

Parking

2

Land

1899m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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