3 Angela Cres, Cleveland QLD 4163
3 Angela Cres, Cleveland QLD 4163
renovated family home | 605m2 block | no flood or bushfire | strong Cleveland pocket | ideal for families or downsizers
This property presents a competitively rare combination of a larger-than-average 605m2 block with no overlay constraints and modern integrated features such as ducted air conditioning and solar panels. The single-level layout, fully fenced yard, and outdoor entertaining area make it particularly suited to families seeking low-maintenance land-backed housing or downsizers prioritising accessibility. The 1980 construction, while older, has been updated in key areas, reducing the immediate renovation burden and allowing a buyer to focus on personalisation rather than structural remediation.
The most notable risk is the modest 130m2 floorplan, which may constrain those requiring expansive internal living areas, though the block size does allow for future extension subject to council approval. The property sits in a pocket where recent comparable sales support the current valuation range, with no flood or bushfire overlay reducing both insurance premiums and long-term holding risk. The main opportunity lies in the land content and positional strength within a well-served suburb, offering resilience against market fluctuations while retaining appeal for owner-occupiers and investors alike.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3 Angela Cres, Cleveland QLD 4163
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.