Sold
23/4 Chester Court,
Manunda 4870, Queensland
$187,000
Property details
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Agents
POTENTIAL 9.3% GROSS YIELD*
The seller's instructions are clear: this property must be under contract by 30th June 2026 or it will be withdrawn from the market. Importantly, the property does not need to settle by 30 June, simply be under contract. If not sold by the deadline, the seller intends to retain the asset.
Affordable investment opportunities with the potential to deliver this level of return are becoming increasingly difficult to find. Positioned within a quiet, well-maintained complex of only 26 apartments, this first-floor studio apartment presents an exceptional opportunity for investors seeking strong cash flow, low-maintenance ownership and an affordable entry point into the Cairns property market. Currently leased on a periodic month-to-month tenancy, the property also offers flexibility for future owner-occupiers, with vacant possession potentially available in approximately two months.
The Highlights:
• Potential 9.3% Gross Yield*
• Affordable Entry Price
• Periodic Tenancy Offering Flexibility
• Quiet Complex of Only 26 Apartments
• Swimming Pool Within The Complex
• Well-Managed Body Corporate
• Low-Maintenance "Set & Forget" Investment
• Under Contract By 30th June or Withdrawn
Property Features:
• First-floor studio apartment (26m²)
• Functional kitchenette
• Bathroom with freestanding shower
• Air-conditioning
• Allocated car park
• Shared laundry facilities
• Swimming pool within the complex
The Bottom Line:
• Rental Appraisal: $375 per week (approx.), currently achieving $340 per week on a periodic lease.
• Body Corporate Levies: $2,200 p.a. (approx.)
• Council Rates: $1,500 half-yearly (approx.)
Whether you're looking to add a high-yield asset to your portfolio, secure an affordable investment with strong income potential, or purchase a future home at an attainable price point, this opportunity deserves your immediate attention.
Properties at this price point with this level of investment appeal are becoming increasingly rare.
$210,000 ONO Considered | Serious Buyers Only
Please note: The marketing photographs are representative only and do not depict the exact apartment currently available, as the property is tenanted. The images shown are from a similar unit within the complex A minimum of 48 hours' notice is required for inspections or property access, as the apartment is currently occupied. A video walkthrough is available upon request.
Yield Disclaimer: Any reference to rental income, rental appraisal, gross yield, return on investment or future investment performance is provided as an estimate only and is based on information available at the time of marketing. The stated gross yield has been calculated using the asking price of $210,000 and a rental appraisal of $375 per week. Actual returns may vary depending on purchase price, vacancy periods, management fees, maintenance costs, insurance premiums, statutory charges and other ownership expenses. Prospective purchasers should undertake their own independent investigations and obtain professional financial, legal and taxation advice. Neither the seller nor the agent guarantees any rental return, yield or future investment performance.
Explore the area
School catchments
- Cairns West State School Primary Prep-6 Government 0.68km
- St Francis Xavier's School Primary Prep-6 Catholic 0.69km
- Balaclava State School Primary Prep-6 Government 0.77km
- Cairns School of Distance Education Combined Prep-12 Government 1.2km
- Trinity Bay State High School Secondary 7-12 Government 1.2km
- Mooroobool Silver Lining School Secondary Independent 1.2km
- Our Lady Help of Christians School Primary Prep-6 Catholic 1.5km
- FNQ Vocational Academy Secondary Government 1.6km
- The BUSY School Secondary 11-12 Independent 1.9km
- Parramatta State School Primary Prep-6 Government 2.3km
- Indie School, Logan - Parramatta Park Campus Secondary Independent 2.5km
- Whitfield State School Primary Prep-6 Government 2.5km
- St Joseph's School Primary Prep-6 Catholic 2.6km
- St Augustine's College Secondary 7-12 Catholic 2.8km
- Edge Hill State School Primary Prep-6 Government 2.8km
- Cairns State High School Secondary 7-12 Government 3.1km
- Woree State School Primary Prep-6 Government 3.3km
- Woree State High School Secondary 7-12 Government 3.4km
- Mastery Schools Australia - Cairns Campus Combined Independent 3.4km
- Mungalla Silver Lining School - Carins Temporary Facility Secondary Independent 3.5km
- St Monica's College Secondary 7-12 Catholic 3.6km
- Mother of Good Counsel School Primary Prep-6 Catholic 3.6km
- St Gerard Majella Primary School Primary Prep-6 Catholic 4.2km
- St Mary's Catholic College Secondary 7-12 Catholic 4.5km
- St Andrew's Catholic College Redlynch Valley Combined Prep-12 Catholic 5.4km
- Trinity Anglican School Combined Prep-12 Independent 5.4km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Photos
Floorplan
Contact Natasha Whalley-Thompson
Contact Natasha Whalley-Thompson
Natasha Whalley-Thompson
23/4 Chester Court, Manunda QLD 4870
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Natasha Whalley-Thompson
23/4 Chester Court, Manunda QLD 4870