12-14 Blake StreetCleveland QLD 4163
Property Details for 12-14 Blake St, Cleveland
12-14 Blake St, Cleveland is a 7 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 1829m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 7 bedroom Unit sold in Cleveland in the last 12 months.
Last Listing description (March 2024)
A fantastic opportunity to purchase such a large parcel of land in a highly sought after location with an excellent holding income. The property sits in an elevated prime "East of Bloomfield" location in a whisper quiet street yet is conveniently close to all the amenities that Cleveland has to offer.
Development Potential
It is currently 2 x 914.5m2 blocks
Potential to sub-divide into 4 x 457.25m2 blocks (subject to council approval)
Holding Income
Current buildings on the site comprise of
1 x HOUSE (attached to the units by a covered breezeway)
1 x 3 bed/2 bath house - currently renting for $445pw...this tenant mows the lawns and yard maintenance which is worth around $80pw so the rent is discounted to reflect this (could achieve $550-$600pw)
4 x UNITS
Unit 1 is currently renting for $330pw (should re-lease for $400pw)
Unit 2 is currently renting for $370pw
Unit 3 is currently renting for $400pw
Unit 4 is currently renting for $400pw
Council rates $1643.73 per qtr, water & sewerage $1,160.32 per qtr, State government charges $454.89 per qtr
All on one water meter & separate electricity meters
For more details or to arrange a private viewing, please contact Wayne Hartley today.
Property History for 12-14 Blake St, Cleveland, QLD 4163
- 27 Feb 2024Sold for $2,025,000
- 17 Oct 2023Listed for Sale CONTACT AGENT
- 17 May 2021Listed for Sale Sold
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About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of total area. The population of Cleveland in 2011 was 14,413 people. By 2016 the population was 14,791 showing a population growth of 2.6% in the area during that time. The predominant age group in Cleveland is 50-59 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation. In 2011, 63% of the homes in Cleveland were owner-occupied compared with 62.2% in 2016.
Cleveland has 8,870 properties. Over the last 5 years, Houses in Cleveland have seen a 81.44% increase in median value, while Units have seen a 78.00% increase. As at 31 October 2024:
- The median value for Houses in Cleveland is $1,142,514 while the median value for Units is $728,817.
- Houses have a median rent of $700 while Units have a median rent of $620.
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