405/228 Middle Street, Cleveland QLD 4163

405/228 Middle Street, Cleveland QLD 4163
3 bed | 2 car | 153 sqm internal | resort amenity | downsizer magnet This apartment is competitively rare for Cleveland because it pairs a generous 153 square metre internal floor plan with two dedicated car spaces and a full suite of resort-style shared amenities, including a pool, gym, sauna, and resident lounge. Most units in the suburb are smaller and offer fewer facilities, so this property sits in a higher, more exclusive segment of the market. It serves best downsizers, professional couples, and affluent owner-occupiers who want house-like space without land maintenance, plus walkable access to Cleveland’s CBD, waterfront, shops, and dining. The sale price may be influenced by the fact that this is a strata apartment, so its value is tied more to building quality, body corporate fees, and location than to land ownership. Premium finishes and an entertainer’s balcony are likely, but the exact floor level and construction year are not confirmed, which could affect light, views, and depreciation. Buyers should weigh the ongoing strata costs and shared-wall trade-offs against the unique combination of size, parking, and amenity this property offers.
Detailed Independent Property Report prepared  by PropCred Analyst team for 405/228 Middle Street, Cleveland QLD 4163
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk 2
Income Risk 2
Execution Risk
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Insight: Cleveland QLD 4163

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

3

Bathroom

2

Parking

2

Land

1203m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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