HUNTING for your dream property and still haven’t found it?
These five homes offer the potential to pick up a building on a decent block for less than $300,000 ensuring there is cash left over for a remodel to suit even the fussiest of buyers.
Situated outside of the busy suburbs of Cairns, the houses at Mirriwinni, Gordonvale, Kuranda and Babinda are blank canvases just waiting for a makeover.
Cairns South Properties’ Lynda Henley said many affordably priced homes were snapped up and could make renovators plenty of money with some small investments such as a coat of paint or new flooring.
“Larger block sizes in residential areas such as Bentley Park, Edmonton, Mt Sheridan and Gordonvale are attracting plenty of buyers,” she said.
“Buyers are very well attuned to what’s on the market and they are looking for a better priced property.”
Ms Henley said 62 Golden Grove Dr at Bentley Park was already under contract just days after going to market.
In need of an overhaul, especially in the kitchen and flooring, Ms Henley said the young buyer was impressed with the well-appointed granny flat at the rear of the property.
Despite needing some less garish floor tiles, 348 Oak Forest Rd at Kuranda is just an eight-minute drive from the main town centre and close to schools.
Kuranda Real Estate agent Michael Dominikovic said those factors have ensured it gets $270 per week rent in a region with high rental demand, making it a perfect property for an investor.
On the market for just $193,000, 39 Whitman St at Mirriwinni has the potential to be a solid and stylish property.
The clash of floor tiles, besser block walls and wood panelled roofing are less than appealing but agent John Moyle said the open plan kitchen, dining and lounge as well as the spacious front yard were all standout attractions of the home.
A recent report by the Real Estate Institute of Queensland revealed, while Cairns has posted median house price falls over the past year, compared to other regional markets over the past five years, results had been steady with Cairns recording growth of 10.4 per cent.
The Cairns rental market also continues to be one of the most consistently tightest in the state and the housing market now represents the second most affordable tourism centre in Queensland, behind Fraser Coast.
8 HYACINTH CL, EDMONTON
In Edmonton, Cairns South Properties’ Lynda Henley describes this home as “neat, tidy and very presentable”.
Investors, first home buyers and anyone looking to downsize will be rushing to inspect.
There are approvals in place to redo the patio and the open plan, comfortable living area has easy access to the entertainment area.
There are no carpets, a new hot water system was installed recently and the kitchen has a gas upright cooktop and oven.
Double car accommodation, one with a remotely-controlled a 3m x 3m Colorbond shed and access to the backyard by either the car accommodation or trailer access on the left hand side of the property complete the solid offering.
Phone 0429 968 833.
12 BELL LANE
This cute miner’s cottage is in the heart of Gordonvale and is ideal for a first homebuyer or investor. Three bedrooms, a basic kitchen, airconditioning in the lounge for $239,000. Phone Phil Harvey on 0408 772 255.
348 OAK FOREST RD
This two-bedroom home at Kuranda is on the market for $198,500 and is a perfect first home for someone with the cash to improve on the tiles and long floorplan. Phone Michael Dominikovic on 0428 888 270.
142 MUNRO ST
Transform this Masonic Hall from 1917 at Babinda into a home and you’ll never be short of a conversation starter.
On 1422sq m with plumbing, it’s a steal for $140,000.
Phone Segrid Hudson on 0428 154 472.
39 WHITMAN STREET
Made from split-faced block and located on a quiet street at Mirriwinni, this two-bedroom home has potential and an impressive corner plunge bath.
Landscaping could add extra privacy. Phone John Moyle on 0418 191 178.