7/2 Mayers Street, Manunda QLD 4870

Top-floor 2-bed unit | 65sqm internal | 2038sqm lot share | flood overlay detected | Manunda QLD 4870 This unit occupies the top floor of a low-rise block, which gives it a genuine advantage over ground-floor flats in the same complex — better airflow, privacy, and less noise from above. At 65sqm it is compact but functional, and the single car space is standard for this price tier. The 2038sqm land holding is a body corporate lot, not exclusive use, so the buyer is buying into a larger site with potential for future redevelopment or capital growth if the land is ever aggregated. This property suits a first-time buyer wanting low-maintenance entry into the Cairns market, or an investor chasing the suburb’s 5.8–6.4% rental yield with a tenant profile that values cooling breezes and proximity to schools and shops. The flood overlay is the primary risk here — it may increase insurance premiums and could restrict some lenders, so a conveyancer should confirm the actual flood history for this specific building, not just the zone. The 2006 sale price of $375 is almost certainly a data error or partial transfer, so ignore it for valuation purposes. The recent rental at $375–$415 per week is realistic and supports a gross yield near 6.5% at the lower end of the estimate range. The buyer should hold this property for cash flow rather than short-term flipping, as the market is balanced and the unit’s appeal is steady rental demand, not scarcity.