308/2-10 Greenslopes Street, Cairns North QLD 4870
308/2-10 Greenslopes Street, Cairns North QLD 4870
2 bed 1 bath 1 car | Lakes Resort complex | tenanted until Sep 2026 | expansive lanai balcony | 145m² land size
This apartment stands out for its unusually generous footprint, with the 145m² land size and expansive lanai balcony offering a rare indoor-outdoor feel for a two-bedroom unit. Being part of the Lakes Resort complex, it benefits from established tropical landscaping and a resort-style setting that is difficult to replicate in newer developments. The property is currently tenanted until September 2026 at a rate that suggests consistent rental demand, making it particularly suited to investors seeking immediate income with minimal vacancy risk. Owner-occupiers who value space and a lifestyle-oriented complex may also find this configuration appealing, as it offers more breathing room than typical apartment stock in Cairns North.
The current tenancy arrangement may affect how quickly an owner-occupier can take possession, as the lease runs until late 2026. The building’s age and internal finishes are not confirmed from available information, so a buyer should verify whether any significant body corporate levies or upcoming maintenance works are planned. The rental yield, based on the existing lease and typical price expectations, appears reasonable but may not reflect peak market returns if the purchase price trends toward the higher end of expectations. A thorough inspection of the apartment’s condition and the complex’s financial health is recommended before forming a final view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 308/2-10 Greenslopes Street, Cairns North QLD 4870
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
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
2
Bathroom
1
Parking
1
Land
130m²
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