Offers Over $339,000

1 Bed  •  1 Bath  •  1 Car  •  59m²

Main view of Homely apartment listing, 7/437 Draper St, Parramatta Park QLD 4870
Second view of Homely apartment listing, 7/437 Draper St, Parramatta Park QLD 4870
Third view of Homely apartment listing, 7/437 Draper St, Parramatta Park QLD 4870
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7/437 Draper St, Parramatta Park QLD 4870

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Offers Over $339,000

  • 1
  • 1
  • 1
  • 59m²

Apartment for sale9 days on Homely

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Apartment description

“Embrace the Perfect Blend of Investment and Lifestyle”

This charming 1-bedroom apartment is your gateway to both exceptional investment returns and a tranquil lifestyle. Whether you’re an astute investor seeking a high-demand property or an owner-occupier searching for a low-maintenance, move-in-ready haven, this top-floor gem offers it all. Positioned in a secure, gated complex, this fully furnished and self-contained 59m² apartment is designed for both comfort and convenience, making it the perfect place to call home or a profitable asset to add to your portfolio.

FOR INVESTORS:

This property offers immediate income potential thanks to strong rental demand. Fully furnished and ready for occupancy, it has been meticulously designed to appeal to renters, ensuring maximum return on investment. The property has already generated a net income of over $26k in just 10 months through a management company handling holiday lets. With the flexibility to either continue short-term holiday letting or opt for a long-term lease, the choice is yours. Located in the prime heart of Cairns, this property is well-positioned to continue delivering strong rental yields, making it a highly lucrative addition to any investment portfolio.


FOR OWNER-OCCUPIERS:

This is the ultimate move-in-ready apartment. Imagine waking up each day in your personal tropical retreat, with all the comforts of home and none of the stress. Whether you want to unwind on your private balcony or take a quick stroll to Cairns’ best restaurants and shops, this apartment offers a lifestyle that perfectly balances relaxation with convenience.

LOCATION:

Nestled above the vibrant city, you’ll enjoy the peace and privacy of this tropical oasis while being just moments away from Cairns Central, trendy cafes, top-tier restaurants, and local cultural hotspots. It's the best of both worlds – a sanctuary to retreat to after a busy day, with everything you need within easy reach.

KEY FEATURES:

• Fully furnished, self-contained 1-bedroom apartment with Balinese-inspired design and imported furniture

• Recently repainted with brand new air conditioning and ceiling fans throughout

• Spacious open-plan kitchen with plenty of storage and built-in laundry

• Generous bedroom featuring brand-new air conditioning, built-in wardrobe, and large windows for natural light

• Modern ensuite with shower, bathtub, and toilet

• Tiled floors throughout for low maintenance, plus security screens and sheer curtains for added comfort

• Private, expansive balcony with tropical palm trees offering complete privacy

• Small, secure gated complex with allocated car park and a pool area for residents

FINANCIALS:

• BC Fees: $5,300 approx pa
• Rates: $3,000 approx pa
• Rental Appraisal: $510 per week
• Income statements available upon request - Net income of over $26k in just 10 months

Whether you're looking for a smart investment or a beautiful home, this apartment offers unbeatable value. It's a rare opportunity to own a piece of Cairns' tropical paradise, with the added benefit of immediate rental income or the chance to live in a turnkey property.

*** All offers must be submitted by 5:00 PM on the 24th of April, 2025. The owner will review all offers following the deadline and make a decision accordingly. ***

Contact Naomi today to arrange an inspection and secure your slice of paradise!

Land details

Area: 59m²

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7/437 Draper St, Parramatta Park QLD 4870
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