Property Details for 12-14 Blake St, Cleveland
12-14 Blake St, Cleveland is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (March 2024)
EXCELLENT INVESTMENT WITH DEVELOPMENT POTENTIAL IN PRIME LOCATION
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
- 15 Mar 2024Sold for $2,025,000
- 17 Oct 2023Listed for Sale CONTACT AGENT
- 17 May 2021Listed for Sale Sold
Recent sales nearby
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About Cleveland 4163
The size of Cleveland is approximately 11.7 square kilometres. There are 55 parks, covering nearly 19.2% of the total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 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 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.
Cleveland has 9,173 properties. Over the last 5 years, Houses in Cleveland have seen a 89.28% increase in median value, while Units have seen a 105.11% increase. As at 30 April 2026:
- The median value for Houses in Cleveland is $1,451,194 while the median value for Units is $929,456.
- Houses have a median rent of $783 while Units have a median rent of $620.
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