51/521-525 Varley Street, Yorkeys Knob QLD 4878
51/521-525 Varley Street, Yorkeys Knob QLD 4878
This two-storey upper maisonette in the Majestic Palms complex offers two bedrooms, two bathrooms, and one car space. The property sits on a large 3,258 m² shared lot and is approximately 13 years old, providing a spacious layout with elevated positioning.
The upper-level configuration is competitively rare in Yorkeys Knob, where most units are single-level ground apartments. This vertical separation delivers enhanced privacy, better drainage, and likely elevated views, making it a strong option for buyers seeking beachside living without ground-level compromises. The two-storey layout also appeals to upgraders moving from smaller flats, offering a distinct lifestyle advantage in a relaxed tropical setting. The property is best suited to those prioritising space and privacy in a beachside community.
The price premium over recent comparable sales in the same complex reflects the desirability of the upper-level position and larger layout. However, the single car space may be a constraint for households with multiple vehicles, compared to some ground units offering two spaces. Stairs could also limit accessibility for elderly buyers. The collective land holding means no exclusive outdoor area, which might influence value for those seeking private garden space. Buyers should weigh these factors against the clear lifestyle benefits when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 51/521-525 Varley Street, Yorkeys Knob QLD 4878
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Yorkeys Knob benefits from its proximity to Cairns, with regional infrastructure investment underpinning its appeal. Demand is driven by interstate migration seeking relative affordability and investors attracted by strong rental yields. Recent price trends show steady growth, particularly in the unit market, supported by low inventory and high competition. Future growth is linked to broader Queensland momentum and sustained rental demand, though tight supply and rising prices present ongoing affordability constraints for entry-level buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
3258m²
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