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8 Gotha Street, Cleveland QLD 4163

Offers Over $1,490,000

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$1.49M - $1.56M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 5 Cars 1012 m²

Listed: 25th Jun 2026

Updated: 57 days ago

Overview

Positioned in one of Cleveland's most tightly held and sought-after pockets, 8 Gotha Street offers a rare opportunity to acquire a substantial 1,012 square meter parcel of land, located just one street back from the water in prestigious Oyster Point.

This location is widely recognized as the most desirable precinct outside of waterfront living in nearby Raby Bay, continuously attracting buyers yearning for a premium lifestyle setting with exceptional long-term investment potential.

This property presents outstanding flexibility whether your intention is to landbank, redevelop, or build your dream home. The site is a level block of 1,012 square meters and has the potential to be subdivided into two blocks of 506 square meters each, subject to council approval. This allows options to build a new residence while retaining the existing home or creating two brand-new homes in a location where high-quality properties maintain strong demand.

The existing residence has undergone several thoughtful improvements in recent years. These include a tastefully renovated ensuite featuring double vanities and a double shower, complemented by a large walk-in robe with custom cabinetry. The kitchen has been upgraded with an eye-catching tiled splash-back, highlighting attention to detail.

The home offers great open plan living areas, four bedrooms plus a dedicated office space. Comfort is assured with split system air-conditioning and ceiling fans throughout the property. Adjacent to the dwelling is a carport, and the property also benefits from excellent side access with a concrete driveway leading to a double bay shed and caravan port at the rear. This makes it a solid holding investment while you plan for future development.

The property currently returns almost $44,000 per annum in rental income, offering strong cash flow and immediate returns, allowing you to benefit financially while exploring the site's full potential.

In terms of location, the property is conveniently within walking distance to Cleveland's CBD, RSL, and Oyster Point Parklands. It is also just moments away from the newly renovated Grand View Hotel, Raby Bay harbour, local restaurants, cafes, and established schools including Cleveland State School and Cleveland District State High School.

Opportunities to secure a block of this size in such a coveted pocket of Oyster Point are becoming increasingly rare. This offering presents an ideal chance for the astute buyer to acquire a premium piece of real estate with endless possibilities.

Currently leased until February 13, 2027, this property provides a seamless investment with stable returns.

Local Market Insights

In Cleveland, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $2,009,667. The property type mix of listed properties is predominantly Houses at 47%, followed by apartments (22%), and townhouses (16%). The most active agency for houses in the Cleveland area is currently First National, representing 33% of new listings, followed by Remax with 13%. 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.