9 Patula Close, Manoora QLD 4870
9 Patula Close, Manoora QLD 4870
Large 995 sqm land | 1980 low-set house | flood overlay noted | quiet cul-de-sac | mainstream 3-bed demand
This is a genuine large-land house in a quiet inner-Cairns street. The 995 sqm parcel is the standout; it gives storage, outdoor living, and extension or rebuild scope that smaller nearby homes lack. The 1980 dwelling is compact at 80 sqm, so the value sits primarily in the land, not the building. Fully fenced and with side access, it suits buyers wanting a practical family footprint with room for a shed, caravan, or future additions. It reads as a mainstream three-bedroom house rather than a premium product, and the flood overlay is a known consideration. The best fit is a first-home buyer or value-seeking purchaser who accepts an older interior in exchange for a hard-to-find block.
The flood overlay may affect insurance and any future development application, so confirm council conditions early. The older, compact house might limit immediate appeal, but the generous land-to-building ratio offers upside through renovation or a future rebuild, subject to planning controls. Condition and layout will likely drive how buyers price the property.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Patula Close, Manoora QLD 4870
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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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: 9 Patula Close prior sale $289,000; recent Manoora 3-bed house sales | Property Price Band: $600K-$700K | Value Drivers: 995 sqm land, side access, flood overlay condition
Bedrooms
3
Bathroom
1
Parking
2
Land
995m²
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