2/201 Queen Street, Cleveland QLD 4163
2/201 Queen Street, Cleveland QLD 4163
3-bed townhouse, 2001 build | Flood overlay noted | 5G coverage | Cleveland State School catchment | Mixed-density Queen Street precinct
This townhouse holds a clear configuration edge in a street where attached stock is often smaller. Three bedrooms and two bathrooms suit families, downsizers, and investors seeking low-maintenance living without sacrificing space. The 2001 build places it in a well-established era of Cleveland townhouse construction, typically offering solid layouts and private courtyards rather than apartment-style living. Its catchment position for both Cleveland State School and Cleveland District State High School strengthens appeal for family buyers, while the area’s mix of villas, larger houses, and redevelopment sites confirms a diverse, active neighbourhood. The property serves best as a long-term hold for owner-occupiers wanting bayside convenience or investors targeting steady rental demand.
The flood overlay covering storm tide inundation to 2100 may influence insurance costs and buyer perception, though this is common in coastal Cleveland and does not necessarily cap value. The estimated rent of $730 per week suggests reasonable income potential, but the broad range of $655–$800 indicates variability depending on finish and presentation. The absence of a confirmed parking count could matter for some buyers, particularly those with multiple vehicles. The property’s position within a corridor seeing medium-density redevelopment, including a nearby retirement village proposal, may support future amenity improvements but could also shift neighbourhood character over time. Weigh these factors against the established build and layout when forming a price view.
|| Comparable Sales: 205A Queen Street sold $790,000 (2015 house); 10/212–222 Queen Street sold $557,500 (2022) | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, layout efficiency, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 2/201 Queen Street, Cleveland QLD 4163
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 205A Queen Street sold $790,000 (2015 house); 10/212–222 Queen Street sold $557,500 (2022) | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, layout efficiency, flood overlay impact
Bedrooms
5
Bathroom
2
Parking
2
Land
195m²
URL has been copied successfully!