9 Sandown Close, Woree QLD 4868

Four-unit block on single title | flood overlay detected | 1065sqm redevelopment site | low-maintenance rental configuration This property offers a rare configuration advantage as a four-unit block on a single title, providing a buyer with full control over tenancy, upgrades, and future redevelopment on a 1065sqm lot. The recent partial renovations reduce immediate capital outlay, and the practical ground-floor layouts with individual laundries and carports appeal to a stable tenant base in a growing Cairns suburb. It suits an investor seeking a set-and-forget income stream with long-term land value upside, or a developer eyeing the site’s redevelopment potential. The detected flood overlay is a material risk that may increase insurance costs and restrict some lending options, narrowing the buyer pool at resale. Current rental estimates appear conservative for two-bedroom units, presenting an opportunity to lift income through targeted upgrades to the unrenovated units. The wide gap between automated valuations and the asking range signals a need for careful due diligence on actual income and condition. This property works best as a hold for cash flow and land banking, with redevelopment as a medium-term exit strategy.