This two-storey home in Cranbrook offers a rare opportunity to secure a fully configured rooming accommodation property with excellent returns. Fully furnished with Seven spacious bedrooms and Four bathrooms across two self-contained levels, the home has been consistently rented to students for the past eight years, easily achieving 100% occupancy. Having been extended and renovated in 2017 the property is purpose-built for student living, rooming accommodation with fixed 12-month leases. Offering proven rental growth, consistent cash flow, and strong returns well above typical residential benchmarks.
Finances:
-Delivering 7.2% yield for 2025 increasing to 7.5% for 2026.
-Rental Income 2025 $1,410 per week
-Projected Rental Income 2026 $1,460 per week
-Council Rates $2,529.40 per 6 months
Why This Property Stands Out
With strong ongoing demand for affordable student housing, annual rental increases, and a proven track record of full occupancy, this property represents an outstanding investment in Townsville's growing rooming accommodation market.
Layout
Upper Floor:
-Four bedrooms, each well-sized independent living space.
-Two modern bathrooms, four sinks, 2 showers plus separate toilet
-Expansive kitchen with open-plan dining
-Additional living area leading to a breezy front balcony
Ground Floor:
-Three large bedrooms
-Full second kitchen with dining area
-Two modern bathrooms, Three sinks, Two showers, 2 Toilets
-Large internal communal laundry with two washing machines and extra storage
-Separate entry with potential for a 2-bedroom self-contained unit
External Features:
-Large, covered patio- includes secure bike rack and 7 key safes for spare bedroom keys
-Secure, low-maintenance backyard with shed
-Electronic lock to back door for keyless entry
-Two driveways providing ample off-street parking
Additional Features:
-Fully furnished throughout
-Air conditioners in all bedrooms (relatively new)
-New electrical switchboard
-2.5kW solar power system
Flexible Accommodation and multi-use layout
• Current use as a spacious 7-bedroom rooming house, purpose-built for student living, with shared communal areas and private bedrooms spread across both levels.
• Property reconfiguration supports a self-contained 2-bedroom flat downstairs plus a 5-bedroom home, ideal for dual leases, multi-generational living, or rental flexibility.
• A large Family home perfectly suited for big families who value both space and functionality.
Location:
Set in a quiet, high-demand area of Cranbrook, tenants are close to James Cook University, Townsville Hospital, Stockland Shopping Centre, Local schools and parks
