53 Mayers Street, Manoora QLD 4870
53 Mayers Street, Manoora QLD 4870
Detached 1960s house on 613m² | flood overlay detected | solar and pool present | inconsistent bed/bath records | strong rental demand
This is a land-heavy proposition in an established Cairns suburb, offering rare block size for the area and a detached house with solar and a pool already in place. The inconsistency between 3-bed/1-bath and 4-bed/2-bath records suggests either a renovation or a data error, but either way the underlying land value is the primary driver here. It suits a buyer comfortable with older housing stock who values outdoor space, proximity to the city, and the potential to add value through updating the interior. The rental estimates imply solid yield for an investor, while an owner-occupier would gain from the generous lot and the ability to reconfigure the floorplan to suit modern living.
The flood overlay is the most material factor to weigh, as it may affect insurance costs and future resale appeal, though it does not necessarily preclude strong value in a market where land is scarce. The older build age means condition will be a significant variable—if the interior is dated, renovation costs should be factored into your offer; if it has been updated, the price band shifts upward. The pool and solar add utility but also maintenance considerations. The conflicting floor-area figures (98m² vs 276m²) suggest you should verify the actual footprint before committing, as this directly impacts how you value the property relative to its land.
|| Comparable Sales: 1990-built 79m² unit nearby sold for $310k; older house on 600m²+ lot in Manoora sold for $540k | Property Price Band: $500k–$600k | Value Drivers: land size, flood overlay, interior condition, pool and solar presence
Detailed Independent Property Report prepared by PropCred Analyst team for 53 Mayers Street, Manoora QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Manoora, in Cairns, is a renter-heavy suburb with a family and older profile driving consistent demand for units, which are outpacing houses. The median unit sits at $375,500, up 21.1% over the year on 104 sales; houses median $540,000, up 11.3%. Unit gross yields reach 6.94%, houses 5.88%, with house rents around $520 weekly. Market conditions show a wide spread in days on market for houses—as low as 11 but one estimate at 87—suggesting turnover risk despite overall tightness. Future growth is supported by strong unit absorption and broader Cairns infrastructure, while affordability, constrained by below-average incomes, remains the main check on price upside and adds rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 1990-built 79m² unit nearby sold for $310k; older house on 600m²+ lot in Manoora sold for $540k | Property Price Band: $500k–$600k | Value Drivers: land size, flood overlay, interior condition, pool and solar presence
Bedrooms
3
Bathroom
1
Parking
-
Land
613m²
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