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
