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178 Buchan Street, Bungalow QLD 4870

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$500k - $600k Medium Confidence Calculated based on our search observations.

House 3 Beds 1 Bath 1 Car 405 m²

Listed: 2 days ago

Updated: 10 hours ago

Overview

This property presents a rare dual frontage opportunity in the heart of Bungalow, offering direct access from both Buchan Street and Bunting Street. The flexibility afforded by this setup is unusual so close to Cairns’ central business district, making it an appealing prospect for a variety of buyers including builders, developers, investors, and owner-occupiers looking for strategic growth potential.

Set on a 405 m² block with mixed-use zoning, the property encourages exploration of development options, subject to council approval. Its location surrounded by established businesses enhances its commercial, residential, or mixed-use potential.

Three bedrooms and one bathroom provide a comfortable home environment suitable for families or those seeking functional living spaces.
Multiple living areas allow for adaptable layouts and lifestyle choices, supporting both relaxation and social engagement.
The single carport positioned at the rear of the property offers practical off-street parking and complements the dual access, enhancing convenience.
A small garden shed provides utility space for storage or hobbies.
Built approximately in the 1950s, the home offers a foundation ripe for renovation or redevelopment, appealing to buyers with vision.

The property’s council rates are moderate, and with a rental appraisal of approximately $600 per week, it also holds investment appeal. Proximity to the Cairns CBD ensures convenience and accessibility, reinforcing its strategic importance for future growth.

Overall, this home stands out for its unique dual frontage and mixed-use zoning, making it a strategic asset for buyers seeking flexibility and opportunity in an accessible location.

Local Market Insights

In Bungalow, Quiet Listings observed 78 new houses entering the market over the last 30 days, up from 58 during the previous 30-day period, with an average advertised asking price of $891,782. The property type mix of listed properties is predominantly Houses at 47%, followed by units (26%), and apartments (17%). The most active agency for houses in the Bungalow area is currently Inspire Real Estate Cairns, representing 15% of new listings, followed by Ray White with 13%. 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.