Cleveland, QLD 4163

This residential property in Cleveland is a well-positioned house ideal for investors seeking a stable and growing asset. The property features four bedrooms, two bathrooms, and two parking spaces, situated on a 393 square meter corner block in a peaceful neighborhood.

The location offers convenient proximity to shops, schools, and various amenities, making it a practical choice for tenants and future occupants. The property was purchased in November 2023 at a price of $820,000, which was well below the market value, providing excellent capital growth potential.

The current median value of houses in Cleveland has risen to the mid $800,000 range, reflecting a positive trend in capital growth. Additionally, the property generates a current rental income of approximately $770 per week, offering a rental yield preferred to be above 4.5%, which aligns with the investor's goals.

This house is particularly suitable for an interstate professional couple looking for a low-maintenance home with good investment returns. The combination of rising capital growth and stable rental income makes this property a valuable addition to an investment portfolio.

Overall, this four-bedroom corner block house in Cleveland represents a sound investment opportunity with strong growth prospects and attractive rental returns in a sought-after location.