16 Laburnum Street, Cranbrook
Listing data updated 27 July 2026
- Positioned on a corner allotment in the heart of Cranbrook, this fully furnished rooming accommodation property presents an opportunity for investors seeking strong cash flow from day one. Currently generating $1,180 per week in rental income, the property offers a practical layout designed to accommodate multiple occupants. The home features five bedrooms, including an oversized main bedroom, two bathrooms, two toilets, a large laundry, a spacious living and dining area, and an additional sitting area that provides extra communal space for occupants. Outside, the property includes an in-ground swimming pool and benefits from its corner block position, offering convenient access and a sense of openness. Located close to James Cook University, Townsville University Hospital, schools, shopping centres and public transport, the property is well positioned to attract ongoing tenant demand. With a current rental return of $1,180 per week and rates of approximately $2,331 per half-year, this property offers a strong investment opportunity for buyers seeking immediate income and long-term potential.
RealistIQ deal score
Strong value signal
90
/100
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Market price guide is 20%+ below RealistIQ estimate
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Listing details
- Status
- $699,000
Agent and agency
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