SOLD
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Sold on 18 Sep 2023 for $1,225,900

27 Waterloo Street
Cleveland QLD 4163

Bedrooms: 6
Bathrooms: 2
Car spaces: 3
Land area: 809m2
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Property Details for 27 Waterloo St, Cleveland

27 Waterloo St, Cleveland is a 6 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 6 bedroom House sold in Cleveland in the last 12 months.

Building Type
House
Land Size
809m2
Local Government
Redland
Lot/Plan
9/RP61203

Last Listing description (September 2023)

This exceptional property encompasses 809m2 of prime real estate, strategically situated just moments away from Cleveland's town centre.

This prime allotment falls within the MDR4 zoning, allowing for a potential 6-story development (subject to council approval)*. It presents an ideal opportunity for a high-value residential project, capitalizing on its picturesque vistas, or as a savvy land investment for the future.
With an approximate 20-meter frontage and the potential for up to 40 meters in depth, recent planning guidance suggests the 809m2 site can comfortably accommodate a six-story unit development (STCA).

With potential views from top floors

Additionally, there are multiple potential uses for this property (STCA):

• Multiple Dwellings
• Residential Care Facility (including NDIS)
• Retirement Facility

Currently, the property hosts dual living with rental income in excess of $43,000pa that can help offset holding costs during the planning and development stages, making this a truly unique and promising investment opportunity.

Please call Jade or Tania to discuss and book a private inspection.

Property History for 27 Waterloo St, Cleveland, QLD 4163

A timeline of how this property has performed in the market
Last Sold
$1,225,900
18 Sep 2023
  • 19 Sep 2023
    Sold for $1,225,900
  • 07 Sep 2023
    Listed for Sale Offers Over $1,200,000
  • 14 Jul 2022
    Sold for $910,000
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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 8,901 properties. Over the last 5 years, Houses in Cleveland have seen a 76.67% increase in median value, while Units have seen a 73.28% increase. As at 31 July 2024:

  • The median value for Houses in Cleveland is $1,131,818 while the median value for Units is $694,520.
  • Houses have a median rent of $700 while Units have a median rent of $590.
There are currently 92 properties listed for sale, and 37 properties listed for rent in Cleveland on OnTheHouse. According to CoreLogic's data, 438 properties were sold in the past 12 months in Cleveland.

Suburb Insights for Cleveland 4163

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Contact agent
Jade Hale
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Tania Hale
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First National Cleveland
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.