216 Fitzroy Street, Cleveland QLD 4163

Cleveland house | 4-bedroom | solar-equipped | dual-living potential | strong rental demand The property’s competitive strength lies in its combination of a generous 664m² fully fenced lot with a 214m² lowset house, offering rare single-level living with four parking spaces and a covered entertaining area fitted for a bar and TV. The solar panels and solar hot water system reduce ongoing utility costs, a meaningful edge in a market where energy efficiency is increasingly valued. This house is best suited for a family seeking space, privacy, and proximity to Thornlands State School and Cleveland District State High School, with the added benefit of no flood or bushfire overlays. The primary risk is the property’s reliance on a private treaty sale with a best-offers deadline, which may compress negotiation leverage for a buyer. The estimated value range of $780,000 to $1,040,000 suggests potential overpricing at the higher end, requiring careful due diligence on comparable sales. The opportunity lies in the rental yield of 3.1% and weekly income potential of $730, making it viable as a hold-and-rent strategy, particularly with the solar infrastructure supporting tenant appeal. Hold this property for medium-term capital growth in a suburb with 12.6% appreciation, or occupy to leverage the school catchment and low-maintenance layout.