10 Mergowie Drive, Cleveland QLD 4163

10 Mergowie Drive, Cleveland QLD 4163
Central Cleveland | 4 bed family home | 52% building coverage | no overlays | must be sold listing The property presents a low-risk entry into a central Cleveland location, with the absence of flood, bushfire, or heritage overlays removing significant holding cost uncertainties. Its high building coverage on a 400mΒ² lot limits future expansion but delivers a substantial 209mΒ² internal footprint immediately. The ‘must be sold’ vendor motivation creates a negotiable environment. This house is positioned for a long-term hold, suited to an owner-occupier seeking established school catchments and a turnkey layout, rather than a developer or renovator. Its competitive strength lies in the scarcity of large, modern homes on manageable blocks in the heart of Cleveland, directly within the catchment of the sought-after Cleveland District State High School. The well-laid-out open plan living and four-bedroom configuration directly serves the core family buyer profile, offering a move-in ready solution in a high-demand rental suburb, as indicated by the strong potential weekly rent. This combination of location, size, and utility is not commonly available. To leverage this specific opportunity and validate its market position against unlisted comparable sales, a tailored negotiation strategy is required.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Cleveland is a mature, owner-occupied suburb with a professional demographic, positioned as a relatively affordable coastal alternative for interstate buyers from Sydney and Melbourne. This migration, alongside low inventory, is driving strong demand, evidenced by houses selling in approximately 24 days. Recent annual price growth is robust, ranging from 10.6% to 18.1% for houses, supported by very low vacancy rates and solid rental yields. Future growth is underpinned by Southeast Queensland’s infrastructure pipeline, including the 2032 Olympics, though key constraints are acute supply shortages and affordability pressures from significant price appreciation and higher interest rates.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

400mΒ²

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