161 Albert St, Cranbrook is a 1 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1990. The property has a land size of 800m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Given a fresh coat of paint in refreshing new colours externally and occupying an 800sqmt allotment this well-situated property presents the perfect investment opportunity. On one title and comprising of 1 x 2-bedroom unit with separate rumpus room and 1 x 3-bedroom unit this fully tenanted low set duplex is located within walking distance to Ross River walkways and parks and just minutes to a choice of retail and dining options. Boasting all the attributes of an excellent investment this duplex offers a comfortable, convenient lifestyle for residents.
Currently returning $32,500 per annum with fixed leases in place.
Unit Features:
Location:
Walking distance to parks and river walkways
Minutes from a choice of schools and recreational options
Short drive to Stockland Shopping Centre, Kmart, Willows Shopping Centre
Easy access to professional services on Ross River Road
*Virtual furniture used for marketing purposes.
The size of Cranbrook is approximately 3.4 square kilometres. It has 6 parks covering nearly 8.2% of total area. The population of Cranbrook in 2016 was 5908 people. By 2021 the population was 5844 showing a population decline of 1.1% in the area during that time. The predominant age group in Cranbrook is 20-29 years. Households in Cranbrook are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cranbrook work in a professional occupation.In 2021, 63.70% of the homes in Cranbrook were owner-occupied compared with 65.10% in 2016.
Cranbrook has 2,702 properties. Over the last 5 years, Houses in Cranbrook have seen a 139.28% increase in median value, while Units have seen a 85.75% increase. As at 31 March 2026:
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