22 Lanark Street, Kirwan QLD 4817

22 Lanark Street, Kirwan QLD 4817
compact 4/1/1 on 606sqm | steel-frame slab construction | low-maintenance fully fenced | strong rent appraisal at $570-$600/week | single bathroom is the pinch A compact but functional configuration is offered: four bedrooms and one bathroom on a fully fenced 606 sqm block, with steel-frame slab build that keeps ongoing maintenance low. The interior is made to feel current by its open-plan living and dining area, practical kitchen with breakfast bar, and central bathroom with floor-to-ceiling tiles. Within Kirwan’s detached-house character, this property is positioned as a lower-maintenance, turn-key option rather than a renovation project. A rental appraisal of $570-$600 per week is recorded, pointing to healthy income potential for investors. First-home buyers and downsizers are best served here, along with yield-focused investors, with the single-bathroom layout recognised as the main compromise. The single bathroom and single car space may be seen as limiting for growing families who expect a second bathroom as standard. Price-level acceptance may be influenced by condition and presentation, though the steel-frame slab construction might be treated as reassurance against the perceived risk of older timber-frame homes. The double gate access offering off-street room for additional vehicles may be considered a partial offset to the single-car accommodation. Rental demand could be expected to support the price band if the $570-$600 appraisal is weighted heavily by investors, though the four-bedroom-one-bathroom format may be matched by fewer interested parties than a two-bathroom equivalent. >> Comparable Sales: 28 Lanark Street $360k and 42 Lanark Street $358k | Property Price Band: $500K-$600K | Value Drivers: steel-frame slab construction, fully fenced 606sqm block, rental appraisal
Detailed Independent Property Report prepared  by PropCred Analyst team for 22 Lanark Street, Kirwan QLD 4817
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✓
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Market Insight

Kirwan, a mature Townsville suburb, is capturing strong investor and owner-occupier interest. Demand is underpinned by a tight rental market: a 5:1 applicant-to-room ratio, only 33 rental listings, and house rents up 7.8% annually. The median house price spans $600,000–$660,000, with growth tracking between 17.6% and 19.6% across 438–464 sales in the past year. Units are outperforming, up 45.1% on a $515,000 median (57 sales). Houses sell in 14–16 days, and gross yields sit at 4.9% for houses and 5.3% for units. Future momentum relies on constrained supply-just 19 properties listed for sale-and an affluent local base with household income 11% above regional Queensland. Key risks include high leverage: 57% of owners hold mortgages, leaving the market sensitive to rate shifts and affordability constraints.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

1

Land

606m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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