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QLD › Cairns North › Esplanade

U2, 249-255 Esplanade, Cairns North QLD 4870

For saleApartment

$755,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $755,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $755,000(Listing record · 9 July 2026)
  • CalculationAsk is 3% above the Cairns North median recorded sale ($732,500, n=10, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Cairns North's advertised median rent ($583/wk), implied gross yield would be 4.02% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$755,000

Asking

No recorded sale for this property.

Cairns North at a glance

5,814

People

$732,500

Median sale

$583/wk

Median rent

4.14%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Cairns North report →

Vs Cairns North

+3.1%

Median sale

Suburb $732,500

-0.12 pp

Gross yield

Suburb 4.14%

Suburb median $732,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$755,000
Stamp Duty (Queensland)
$27,000
Transfer/Registration Fee
$2,949
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$788,649

$33,649 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Cairns North's advertised median rent — not a rent for this listing.

Net yield
2.52%
Annual cashflow (pre-tax)
$-20,269
Interest cover (DSCR)
0.48
Annual rent
$30,316
Operating expenses
$11,325
Loan amount
$604,000
Annual interest
$39,260
Gross yield
4.02%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$755,000available9 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $583/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cairns North in one glance

Cairns North at a glance

5,814

People

$732,500

Median sale

$583/wk

Median rent

4.14%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Cairns North report →

Keep researching

  • Why Cairns North? Read the area thesis →
  • What else is on the market in Cairns North →
  • Other records on Esplanade →

Listing material

Listed by Professionals Edge Hill

Expansive Apartment with Generous Courtyard and Waterfront Views.

What we see:

A beautifully renovated waterfront residence in an iconic Cairns building, where contemporary style meets one of Cairns' most sought-after Esplanade addresses. The size of a house and bathed in natural light, this spacious apartment embraces effortless indoor-outdoor living with a generous private courtyard large enough for your own hot tub, garden and a pooch. and exclusive street access. Framed by captivating views across the Coral Sea to the tropical mountain ranges, this is a home designed to make the most of its exceptional location while offering comfort, privacy and an enviable lifestyle. Excellent as a holiday investment property, with potential to make $64,000/year nett @ 78% occupancy.

What you see:

Read the full description

All the living spaces, both inside and out are huge. The large open plan living and dining area is flooded with natural light, seamlessly connecting to the private courtyard through full-height glass sliding doors. Whether entertaining friends or enjoying a quiet morning coffee, this inviting space captures cooling breezes and picturesque waterfront views.

At the heart of the home, the massive sparkling new custom kitchen has been thoughtfully designed with quality stainless steel appliances, generous Alpha Zero-Brilliance benchtops, excellent storage and a practical layout that makes everyday living a pleasure.

The spacious master suite offers a peaceful retreat, complete with a walk-in robe, stylish ensuite and direct access to the courtyard. The second bedroom is equally generous and is serviced by a beautifully finished main bathroom featuring contemporary fixtures and timeless finishes. Even the newly constructed internal laundry has been carefully considered, offering stone benchtops, an undermount sink and ample cabinetry.

Residents also enjoy a modern swimming pool, BBQ area, secure foyer and dedicated undercover parking, all just moments from the vibrant cafés, restaurants, waterfront promenade and attractions that make the Cairns Esplanade such a desirable place to call home.

Everything else:

• Beautifully renovated throughout

• Expansive private courtyard with exclusive street access

• Full-height glass sliding doors and abundant natural light

• New custom kitchen with stainless steel appliances

• Alpha Zero-Brilliance benchtops and generous storage throughout

• Spacious master suite with walk-in robe, ensuite and courtyard access

• Contemporary main bathroom with quality finishes

• Newly constructed internal laundry with stone benchtop, undermount sink and wall cabinetry

• Split system air conditioning

• Secure undercover parking

• Resort-style swimming pool and BBQ area

• Secure complex

Location Highlights:

- Stroll to Esplanade dining and waterfront lifestyle, and city conveniences

- 5 minutes' drive to Cairns Central Shopping Centre

- Easy access to the Captain Cook Highway

- Approx. 5 minutes to Cairns Airport

- Convenient access to parks and recreational facilities

| Build Year:1982 |

| Rental Appraisal : $880 - $900/week |

| Council Rates: Approx $3200 / year |

| Body Corporate Fees: Approx. $3560 / quarterly if paid on time |

| Holiday investment potential $64,000/year nett@ 78% occupancy |

Offering an exceptional lifestyle in one of Cairns' premier waterfront addresses, this is a rare opportunity to secure a beautifully appointed home or investment in this tightly held address.

Private viewings only, contact Diane Bray on 0404 654 345 to arrange your time.

Disclaimer

The material and information contained in this marketing are for general information purposes only. Professionals Edge Hill does not accept responsibility and disclaims all liability for any errors or inaccuracies contained herein. Interested parties should rely on their own enquiries.

Listing description written by Diane Bray, Professionals Edge Hill — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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