21/34-40 Lily Street Cairns North QLD 4870

Cairns North townhouse | 3-bed with pool | flood overlay | under contract This property presents a clear value dislocation against the suburb median, but the flood overlay imposes a tangible risk that will permanently affect insurance premiums and future financeability. The unit is competitively priced for its size and bedroom count, suggesting a logical hold for a cost-conscious owner-occupier or an investor targeting the rental yield implied by current estimates. Proceed only with a definitive flood impact assessment and updated valuation. Its strength lies in offering a low-maintenance, three-bedroom format with complex amenities in a high-density suburb, a combination that is operationally efficient. The split-system air conditioning and NBN connectivity are practical supports for modern living. This property serves a buyer prioritizing liveable space over land content, effectively bridging the gap between apartment living and detached housing. Your next step is to validate the flood risk cost and secure a pre-approval structured for this overlay, positioning you to act if the current contract falls through.