25 Pennycuick Street, The Range, QLD 4700 | Unit for sale | OnTheHouse
 
FOR SALE
Offers Over $1,499,000

25 Pennycuick Street
The Range QLD 4700

Bedrooms: 7
Bathrooms: 4
Car spaces: 4
Land area: 1396m2
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An Exceptional Investment with Three Income-Producing Residences

Properties that combine strong cash flow, premium location and long-term capital growth potential are becoming increasingly difficult to find. Positioned on a generous 1,396sqm allotment in one of Rockhampton's most prestigious suburbs, 25 Pennycuick Street presents a truly outstanding opportunity to secure an asset that delivers immediate income while offering exceptional future potential.
Comprising three separate residences, this unique property is currently generating an impressive gross appraised rental income of approximately $92,000 per annum, providing purchasers with an established income stream from day one. With opportunities to review rental returns as existing leases expire, there is also potential to further strengthen the property's investment performance over time.
At the rear of the property sits a spacious family home offering three generous bedrooms, two bathrooms, a dedicated study or nursery, expansive open-plan living and dining areas, and secure double garage accommodation. Elevated above the street, the home enjoys privacy, cooling breezes and the peaceful lifestyle that has made The Range one of Rockhampton's most tightly held residential locations.
Positioned separately at the front of the property are two self-contained two-bedroom residences, each complete with their own kitchen, bathroom, living area and car accommodation. Their thoughtful separation from the main residence provides privacy for occupants while creating three independent income-producing dwellings on the one property.
Whether you're expanding an investment portfolio, purchasing through a self-managed super fund, or seeking a high-performing asset with multiple income streams, opportunities of this calibre rarely become available. The combination of substantial land size, premium location and diversified rental income creates a property that stands apart from traditional residential investments.
Beyond the immediate returns, this is an asset with exceptional flexibility. Continue leasing all three residences to maximise income, accommodate extended family while maintaining privacy, or occupy the main residence while the additional dwellings contribute towards your mortgage. Few properties offer this level of versatility without compromising on location or lifestyle.
Property Highlights
- Appraised $92,000 per annum gross rental income with a current rental income of approximately $85,000 per annum
- Three separate income-producing residences
Elevated 1,396sqm allotment in sought-after The Range
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Property Details for 25 Pennycuick St, The Range

25 Pennycuick St, The Range is a 7 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 1396m2. The place is currently for sale with McGrath Rockhampton.

Building Type
Unit
Land Size
1396m2
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About The Range 4700

The size of The Range is approximately 3.6 square kilometres. There are 8 parks, covering nearly 16.2% of the total area. The population of The Range in 2016 was 5400 people. By 2021 the population was 5231 showing a population decline of 3.1% in the area during that time. The predominant age group in The Range is 10-19 years. Households in The Range are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in The Range work in a professional occupation.In 2021, 69.80% of the homes in The Range were owner-occupied compared with 69.00% in 2016.

The Range has 2,159 properties. Over the last 5 years, Houses in The Range have seen a 89.02% increase in median value, while Units have seen a 91.97% increase. As at 31 July 2026:

  • The median value for Houses in The Range is $681,956 while the median value for Units is $543,909.
  • Houses have a median rent of $580 while Units have a median rent of $420.
There are currently 26 properties listed for sale, and 7 properties listed for rent in The range on OnTheHouse. According to Cotality's data, 123 properties were sold in the past 12 months in The range.

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Ben Reid
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Jeremy Mcmahon
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McGrath Rockhampton
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