9/14 Upward Street Cairns North QLD 4870

2 bed apartment on 69sqm lot|fringe CBD walk to esplanade|listed $379k below median|solid rental yield potential | 69m² strata This two-bedroom apartment on a 69sqm lot in a secure 1989-built complex suits first home buyers or investors seeking low-maintenance urban access. Its compact footprint and first-floor position with southerly aspect deliver practical living in a block construction unit, complete with balcony flow from living areas and secure basement parking plus storage. Recent updates like a new dishwasher and split system air conditioning in both bedrooms enhance everyday usability without major outlay. Sitting on the edge of the CBD, it aligns with the street’s strata-heavy profile, steps from the esplanade, high school catchment, and hospitals for seamless city fringe convenience. Buyers drawn to similar units here often include downsizers, young professionals, or portfolio builders prioritizing walkability over space. In the local market, two-bedroom apartments like this hold steady, with medians around $445k and yields near 6%, bolstered by suburb growth of 12.8% over the past year. Rental appraisals hit $500 weekly, underlining income appeal in a balanced market where properties average 49 days on market. The flood overlay warrants caution for insurance, yet no bushfire or heritage issues support straightforward holding. Long-term, its proximity to amenities and reliable NBN,5G coverage positions it for enduring demand among lifestyle-focused tenants or owner-occupiers.