207/12 Gregory Street, Westcourt QLD 4870
207/12 Gregory Street, Westcourt QLD 4870
1 bed | 94 sqm internal | 1 car park | sold 2025 $330k | now guided high $300s
This unit’s generous 94-square-metre floorplan is notably large for a one-bedroom apartment, offering genuine separation of living and sleeping zones that most compact units lack. Being part of the 12–21 Gregory Street complex, it sits within a well-established strata development in Westcourt, an area that attracts first-home buyers and investors seeking low-maintenance stock with parking. The 2025 sale at $330,000 followed by a current guide above $379,000 suggests the market has re-rated this property type recently, likely due to its size advantage and the suburb’s proximity to Cairns’ core. This unit best suits a buyer who values internal space over street appeal or premium finishes, and who is comfortable with apartment living in a mixed-density precinct.
The jump from $330,000 to offers over $379,000 may reflect broader market movement or specific improvements, but without verified details on floor level, outlook, or renovation condition, that gap should be weighed carefully. Strata fees and building age are unconfirmed factors that could affect holding costs and long-term value, particularly for a unit in a multi-address complex. The absence of amenity information like pool or lift might limit appeal to certain buyers, while the standard one-car parking is a practical advantage in this price bracket. A buyer should verify the body corporate’s financial health and any planned levies before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 207/12 Gregory Street, Westcourt QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
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
1
Bathroom
1
Parking
1
Land
94m²
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