149 Shrapnel Road Cannon Hill QLD 4170

High-yield rooming house | $100k+ annual return | Corner position advantage | Offers over $1.8m| This five-bedroom rooming accommodation house on a 405sqm block suits investors seeking stable cashflow from tenanted assets near the CBD. Its corner location enhances access and visibility, setting it apart on the street where most homes cater to family living rather than income generation. The fully tenanted setup delivers immediate returns above $100,000 yearly, with scope for uplift in today’s tight rental market. On a compact 405sqm lot, it maximises density through multiple bathrooms and bedrooms, ideal for hassle-free portfolio addition without owner-occupier upkeep. Investors drawn to high-occupancy models like this often target Cannon Hill for its 9km CBD proximity, balancing yield with capital growth potential. Similar rooming houses here maintain strong performance, holding value through consistent demand from shift workers and young professionals needing affordable shares. The property’s recent build supports low maintenance, bolstering long-term appeal amid rising inner-city pressures. While land size limits redevelopment, its current use ensures reliable holding value in a suburb where investment stock moves quickly. Market signals point to solid positioning for buyers prioritising income over expansion.