16 Abbey StreetCranley QLD 4350
Property Details for 16 Abbey St, Cranley
16 Abbey St, Cranley is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 2017. The property has a land size of 605m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Last Listing description (October 2024)
This incredible residential investment represents a rare opportunity to acquire a fully tenanted well maintained property in a high-growth suburb, secure income stream, and rental upside from September.
Why you will love Cranley as an investment hot spot....
* The unit rental rate has continuously out-performed Greater Toowoomba and is currently experiencing a rental income growth of 15.8%
* Cranley has experienced strong annual capital growth of 14.6% over the last 4 years.
Why This is a Outstanding Investment:
* High Yield: Within 5 months the rental return will be $1010, ensuring a strong return on your investment.
* Fully Leased Property: With tenants in both units, you benefit from a secure and consistent income stream.
* Excellent Income Growth: Strong annual income growth of 10-15% rental reviews
* Relatively New Build: Built in 2016 with quality finishes, there are excellent tax depreciation benefits.
* Strategic Suburb: A vibrant suburb with high demand, ensuring strong tenant retention and future rental potential. The property is just minutes away from Bailey Henderson and St Andrew's hospitals and with excellent schools nearby, this key asset will continue to be in high demand by valuable tenants - nurses, doctors, teachers and admin staff.
About the Property:
This well maintained property features two separate units, each with its own entrance, fully fenced yards, and quality tenants cascading over multiple levels to deliver spacious living...
Unit One:
Currently tenanted until January 2025 at $470/week (Appraisal $520-$530/week from January)
3 bedrooms, master with ensuite & built-in robe and reverse-cycle air-conditioning
Built-in wardrobes in 2nd & 3rd bedrooms
Ceiling fans in all bedrooms
Main bathroom with separate shower & bath
Tiled open plan kitchen, Electric cooking
Living/dining area with reverse cycle air conditioning
Remote control single lock up garage
Unit Two:
Currently tenanted until September 2024 at $425/week, (Appraisal $480/week)
3 bedrooms with built-in wardrobes and ceiling fans
Master bedroom and ensuite
Tiled open plan kitchen Electric cooking
Living/dining area with reverse cycle air conditioning
Remote control single lock up garage
Photos above have been digitally staged. Please contact David or Angela to arrange a private inspection for unit 1, unit 2 is available for inspection through the advertised Open Home.
Property History for 16 Abbey St, Cranley, QLD 4350
- 28 Aug 2024Sold for $910,000
- 07 Aug 2024Listed for Sale $910,000
- 15 Nov 2022Listed for Rent $415 / week
Recent sales nearby
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About Cranley 4350
The size of Cranley is approximately 10.3 square kilometres. It has 3 parks covering nearly 0.1% of total area. The population of Cranley in 2016 was 1446 people. By 2021 the population was 2281 showing a population growth of 57.8% in the area during that time. The predominant age group in Cranley is 70-79 years. Households in Cranley are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cranley work in a professional occupation.In 2021, 68.90% of the homes in Cranley were owner-occupied compared with 66.40% in 2016.
Cranley has 879 properties. Over the last 5 years, Houses in Cranley have seen a 117.66% increase in median value, while Units have seen a 135.27% increase. As at 31 January 2026:
- The median value for Houses in Cranley is $808,123 while the median value for Units is $685,225.
- Houses have a median rent of $540 while Units have a median rent of $465.
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