13 Carinya Street, Cleveland QLD 4163
13 Carinya Street, Cleveland QLD 4163
1987 brick house | 812m² land | 3 bed, 1 bath, 4 car | $939k May 2024 sale | solid rental demand
This property’s competitive edge lies in its rare combination of substantial land and generous parking capacity within an established bayside suburb. At 812m², the lot is significantly larger than typical Cleveland offerings, and the four-car accommodation with shed space positions it well for buyers needing storage for boats, trailers, or workshop activity. The 1987 construction places it in the solid, older-stock segment, where value is anchored by land and location rather than modern finishes. It serves best the practical buyer—whether a family wanting school catchment access and outdoor room, or a hands-on owner seeking a functional base with space to improve. The rental record, moving from $680 to $700 weekly, indicates consistent tenant demand, and the yield profile is respectable for the suburb’s price point.
The property’s age and basic finish level may limit its appeal to buyers expecting contemporary presentation, and the reported energy rating of 0/10 suggests thermal performance could be a negotiation point. The internal area discrepancy across sources—220m² versus 78m²—may reflect different measurement methods, so a buyer should verify actual livable space during inspection. The single bathroom could be a constraint for larger families, and the lack of premium inclusions like ducted climate control or a pool means value rests primarily on land, parking, and location. The 2024 sale at $939k provides a recent benchmark, but market movement since then should be weighed carefully.
|| Comparable Sales: 16 Carinya Street sold $818k | 10 Carinya Street built 1985, 4 bed/2 bath | Property Price Band: $900K–$1.0M | Value Drivers: land size, parking capacity, condition and any upgrades since 2024 purchase
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Carinya Street, Cleveland QLD 4163
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Cleveland’s residential market trades at a median house price of about $1.25 million, with annual growth of 16-18%, while units sit near $800,000 and have risen 10-22%. Demand is driven by interstate migrants from southern capitals, along with investors attracted by relative affordability and a very low vacancy rate. Homes sell in roughly 23 days, with tight inventory supporting quick turnover. The suburb’s dominant cohort—couples in their sixties, mostly professionals, with high owner-occupation—keeps stock low and stability high. Future growth is underpinned by Southeast Queensland infrastructure investment and 2032 Olympic momentum. Key constraints include affordability pressure after price doubling and higher rates, plus chronically low supply that intensifies buyer competition.
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PropCred Estimated Value
Comparable Sales: 16 Carinya Street sold $818k | 10 Carinya Street built 1985, 4 bed/2 bath | Property Price Band: $900K–$1.0M | Value Drivers: land size, parking capacity, condition and any upgrades since 2024 purchase
Bedrooms
3
Bathroom
1
Parking
4
Land
812m²
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