Sold

3/374 Severin Street,
Parramatta Park 4870, Queensland

1 bedroom
1 bathroom
1 car space
46m² land size
46m² building size
Unit

$330,000


Property details

Occupy or Set & Forget Investment with Immediate Upside

Positioned in the highly convenient city fringe suburb of Parramatta Park, this low-maintenance 1-bedroom unit presents an outstanding opportunity for owner occupiers or savvy investors looking to secure a property with immediate rental growth potential.

Currently vacant, this property offers the perfect transition into your new home or a higher-yielding asset. With a current rental appraisal of $410 - $430 per week, the next tenancy allows for an instant increase in return-making, this an ideal "buy now, benefit immediately" investment.

The layout is practical and easy-care, appealing to a broad buyer pool, while the location places you just minutes from the Cairns CBD, local amenities, and public transport-ensuring ongoing demand.

Why this property stands out:
- Strong rental appraisal with upside from day one of new tenancy
- Lease ending soon, giving flexibility to occupy or reset rent immediately
- Low-maintenance, easy-to-let 1-bedroom configuration
- Close proximity to the CBD, making it highly attractive
- Ideal for investors, first home buyers, or downsizers seeking simplicity

Body Corporate Fees: Approx $4,720pa
Council Rates: Approx $3,200pa

Please enquire to receive a copy of the following documentation:
Seller Disclosure
Property Summary
Buyer Guide
AGM Minutes
Rental Appraisal
Offer Form

Whether you're looking to expand your portfolio with a reliable performer or secure a compact property in a high-demand location, this is an opportunity that ticks all the right boxes.

**Disclaimer - Ray White Cairns Beaches & Smithfield and its agents do not give any warranty or assurance as to the accuracy or reliability of any of the information contained herein. All interested parties should undertake their own investigations and seek professional advice to verify all information. Whilst we endeavor to ensure all details are correct, information has been collated from various sources, hence we provide no guarantee or warranty as to its accuracy or completeness. Our agency and its agents will not be held liable or responsible for any loss or damage as a result of any error or misrepresentation herein.

Explore the area


School catchments

  • Parramatta State School Primary Prep-6 Government 0.48km
  • St Joseph's School Primary Prep-6 Catholic 0.83km
  • Cairns School of Distance Education Combined Prep-12 Government 1.2km
  • Mastery Schools Australia - Cairns Campus Combined Independent 1.2km
  • Cairns West State School Primary Prep-6 Government 2.1km

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.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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