4/22 Jensen Street, Manoora QLD 4870
4/22 Jensen Street, Manoora QLD 4870
2 bed 1 bath unit | small complex of 8 | leased $400pw to May 2027 | flood overlay noted | built 1982 with built-ins
This unit sits in a small, tightly held complex of only eight, which is uncommon for older investor stock in Manoora and can mean lower turnover and more stable occupancy. Its location near Edge Hill, the Botanic Gardens, and local shops gives it a practical inner-urban convenience that appeals to tenants and owner-occupiers alike. The existing lease at $400 per week through to 2027 offers immediate income certainty, which is a genuine advantage for a buyer seeking a hands-on investment or a low-risk entry into the Cairns market. Built-in wardrobes and the 1982 construction suggest a solid, no-frills unit that has been maintained rather than upgraded, and the small complex size may keep body corporate fees more predictable than in larger developments. This property suits a yield-focused investor or a first-time buyer wanting a functional, affordable unit in a well-located pocket.
The flood overlay identified on the lot is a factor that may affect insurance costs and could influence lender appetite, so it is worth confirming the actual flood risk and any mitigation measures in place before proceeding. The wide price spread seen in comparable units on this street—ranging from very low to mid $300,000s—suggests that condition, presentation, and tenancy terms heavily influence value, meaning the current lease and any deferred maintenance might narrow the pool of interested buyers. Without confirmed details on kitchen or bathroom upgrades, flooring, or air-conditioning, the unit’s finish level remains an open question that could affect both sale price and future rental growth. A buyer should weigh these factors carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/22 Jensen Street, Manoora QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Manoora presents a compelling entry point into the Cairns market, characterised by a high proportion of renters and a demographic leaning towards older residents and families. Demand is notably robust for units, driven by strong investor activity seeking solid rental yields, which has fuelled significant recent price appreciation in that segment. The housing market exhibits more moderate momentum, with sales activity indicating steady but selective interest. Future growth is supported by its relative affordability and Cairns’ broader regional connectivity, though it remains sensitive to economic pressures given local income levels and competes within a wider regional landscape.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
64m²
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