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18/50-56 Woodward Street, Edge Hill QLD 4870

Offers Over $379,000

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$379k - $398k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 1 Bed 1 Bath 1 Car 47 m²

Listed: 19 hours ago

Overview

This well-appointed mid-century modern apartment in the sought-after Edge Hill area offers a compelling combination of style, convenience, and investment appeal. Its low-maintenance design suits those desiring a relaxed yet practical lifestyle, notably attracting a mix of first-home buyers, downsizers, investors, FIFO workers, and frequent travellers looking for a secure lock-up-and-leave solution.

Currently operating successfully as an Airbnb with historical gross earnings around $45,000 per annum, the property demonstrates an impressive approximate 12% gross rental yield, supported by notably low body corporate fees of about $2,700 annually. This financial profile highlights the apartment’s strength as an investment opportunity.

Situated on the first floor, the apartment enjoys an open-plan living and dining area that benefits from natural light and air conditioning, enhanced by warm timber accents and stylish timber-look vinyl flooring. The seamless integration with a private balcony overlooks leafy surroundings, creating a tranquil outdoor space ideal for unwinding or casual entertaining.

The modern kitchen is equipped with quality appliances, including a dishwasher and microwave, assisting in efficient daily living. Practical features such as an internal laundry complete with washing machine and dryer, and a bathroom with a walk-in shower enhance convenience further. Residents also benefit from access to an in-ground swimming pool within the complex and undercover car parking, adding to comfort and lifestyle amenities.

Conveniently located, the apartment is only five minutes from Cairns Airport and a short stroll to vibrant Edge Hill Village, known for its cafes, restaurants, boutique shops, and the nearby Cairns Botanic Gardens. This offers a blend of urban amenities and engaging natural environments which enrich the lifestyle possibilities.

With vacant possession available, this property is move-in ready, whether to continue as a rental investment or to serve as a personal tropical retreat in a prime Cairns location. Its blend of quiet residential feel and accessibility makes it a versatile choice for a broad range of buyers.

Local Market Insights

In Edge Hill, Quiet Listings observed 42 new units entering the market over the last 30 days, up from 22 during the previous 30-day period, with an average advertised asking price of $476,857. The property type mix of listed properties is predominantly Houses at 47%, followed by units (24%), and apartments (18%). The most active agency for units in the Edge Hill area is currently Ray White, representing 38% of new listings, followed by Twomey Schriber Property Group with 26%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.