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Overview
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.
Local Market Insights
In Cleveland, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 23 during the previous 30-day period, with an average advertised asking price of $2,038,174. The property type mix of listed properties is predominantly Houses at 51%, followed by townhouses (19%), and apartments (14%). LJ Hooker was the most active agency in this area, representing 47.4% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Cleveland QLD 4163
Market Insights for Cleveland QLD 4163
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