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50 Ocean Street, Cleveland$1.05m

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50 Ocean Street

Cleveland, QLD 4163, Australia

$1.05m

3 bed 1 bath 2 car405 m²

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Listing description

About this property

Secure a solid investment with reliable tenants already in place and eager to stay long-term. With a lease secured through to March 2027 at $700 per week, this property delivers immediate rental income and peace of mind. Set on a level 405m² block in a sought-after pocket of Cleveland, the opportunities here are endless. Hold as a strong-performing investment, renovate to add value, or land bank and build your dream home in the future. A rare chance to secure a versatile property in a prime bayside location. Don't miss out! Features include: 3 bedrooms 1 bathroom Air-conditioned upstairs lounge Dishwasher Downstairs rumpus room Downstairs toilet and laundry External stairs Double lock-up garage Fully fenced Currently rented at $700 per week until March 2027 Cleveland is a highly sought-after suburb, combining prestige homes and quality apartments close to the vibrant town centre. Enjoy being just moments from Raby Bay Marina, popular cafés and restaurants, Cleveland Bowls Club, Cleveland RSL, scenic Cleveland Point and the beautiful Moreton Bay foreshore. With shops, schools, medical facilities including Redland Hospital, and excellent public transport options all nearby, everything you need is within reach. Located just 35 minutes to Brisbane Airport, 40 minutes to the CBD, and around one hour to the Gold Coast. Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Prospective buyers are advised to carry out their own investigations and due diligence.

Property Details

Property Type: house
Listing Type: For Sale
Bedrooms: 3
Bathrooms: 1
Parking: 2
Land Area: 405 m²
Listed: 2 months ago

Repayment calculator

$5,086/month

$2,543 /fortnight

Loan $839,200 at 6.10% over 30 years

Upfront costs

Deposit$209,800

Stamp duty$40,843

Conveyancing (est.)$2,000

Total upfront$252,643

Verify with QLD revenue office →

Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Cleveland

This 3-bedroom house in Cleveland, QLD 4163 sits within reach of public transport, local shops and nearby schools. It is listed 0% above the $1.05m median of 64 comparable houseswithin 5 km.

Schools near Cleveland

Cleveland State Schoolprimary · Prep-6 · CoEd
Star of the Sea Primary Schoolprimary · Prep-6 · CoEd
Cleveland District State High Schoolsecondary · 7-12 · CoEd
The BUSY School - Cleveland Campussecondary
The Industry School - Redlandssecondary · 10-12 · CoEd
The Industry School - Redlands (Cleveland)secondary

What's nearby

Bloomfield St near Bay St (bus) — 411 m away
Carroll's Picture Framing — 1.2 km away
Unnamed — 251 m away
Unnamed — 735 m away
Unnamed — 831 m away

Cleveland at a glance

Full suburb profile

Population: 15,850
Median age: 51
Household income: $1,430/wk
Median rent: $400/wk
Median mortgage: $2,000/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

6 nearby schools

Catchment: Cleveland State School

Public transport

10 stops within 1.5km

Nearest: Beach St near Cleary St (0.3km)

Traffic

Low congestion

Minimal peak-hour impact as the area is primarily residential. Weekend traffic increases slightly due to beach and coastal access, but morning and evening commuter congestion is negligible. Ocean Street experiences minor increases during school hours.

Noise

Low noise

Nearest: road (0.4km)

Risk & safety

Flood risk

Medium

Cleveland is located in the Redland City region on the bayside approach to Moreton Bay, with proximity to the Logan River catchment and local waterways that drain toward the bay. While not in the immediate high-risk zone of the Brisbane or Logan Rivers proper, Cleveland has moderate flood risk from storm surge, localised drainage congestion, and tributary flooding. Properties should be checked against current Redland City Council flood overlays and historical inundation records before purchase or development.

Bushfire risk

Low

BAL: BAL-LOW

Crime profile

average

Trend: stable

Planning & context

Zoning

LDR — Low Density Residential

Redland City Plan 2006

Nearby development

5 projects nearby

Cleveland is experiencing moderate-to-steady development activity focused on urban consolidation and town centre revitalisation. Council support for infill development, heritage conservation and local infrastructure improvements is driving incremental growth rather than large-scale transformation. Development pressure remains constrained compared to major growth corridors, with activity concentrated on residential intensification and local commercial enhancement.

Heritage

Conservation area

Cleveland is a historic waterfront locality on the bayside with modest local heritage significance centred on its early 20th-century civic and commercial precinct. The suburb has a heritage conservation area covering the town centre and established residential streets, protecting the character of buildings from the Federation and early interwar periods. Most residential properties outside the formal conservation overlay are not individually listed, but the area maintains general development controls to preserve its historical character.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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