165 Albert Street, Cranbrook QLD 4814
165 Albert Street, Cranbrook QLD 4814
Dual-income duplex on large block | Two tenanted units with combined $860/week rent | Flood overlay flagged | Development upside subject to council approval.
This property offers a rare combination of immediate rental income and land-backed future value. Two separately tenanted two-bedroom units on a single title generate a strong combined yield, with one unit already achieving $450 per week. The 1190-square-metre site in Cranbrook provides scope for future subdivision or expansion, making this suitable for an investor seeking both cash flow and long-term capital growth. The location near schools, parks, and retail supports consistent tenant demand.
The primary risk is the flood overlay, which requires thorough due diligence on insurance costs and historical inundation. The single-title structure limits separate sale of units, and development potential depends entirely on council approval. Automated valuations vary widely, so an independent appraisal is recommended. For a buyer comfortable with these factors, the property represents a solid dual-income investment with genuine upside.
Detailed Independent Property Report prepared by PropCred Analyst team for 165 Albert Street, Cranbrook QLD 4814
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Cranbrook is a young, professional suburb within Townsville’s high-demand, supply-constrained market. Demand is driven by this demographic seeking affordability, with house prices demonstrating exceptional recent growth and a remarkably fast-selling market. Future growth is supported by sustained regional demand and critically low new construction, though affordability pressures present a key constraint as prices ascend.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1190m²
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