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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 Framing1.2 km away
  • Unnamed251 m away
  • Unnamed735 m away
  • Unnamed831 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

Future Development

Complete

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.

Nearby projects

5

Closest

0 km

Cleveland Town Centre Revitalisation

1.3km2.5km3.8km5kmCleveland Town Centre Revitalisation — 0.0 kmLocal Retail and Office Fitout - Commercial Precinct — 0.3 kmResidential Infill - Middle Street Precinct — 0.5 kmCleveland State School Campus Expansion — 1.2 kmEast Cleveland Residential Estate — 2.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Cleveland Town Centre Revitalisation

0 km
Mixed-useApproved

Council-led urban renewal focusing on streetscape improvements, heritage conservation and mixed-use infill around the CBD core.

2025

0 m

Local Retail and Office Fitout - Commercial Precinct

0.3 km
Mixed-useApproved

Adaptive reuse and refurbishment of existing commercial buildings to support local services and employment growth.

2024

300 m

Residential Infill - Middle Street Precinct

0.5 km
Residential subdivisionUnder construction

Medium-density townhouse and dual-occupancy development targeting established residential areas within walking distance of the town centre.

500 m

Cleveland State School Campus Expansion

1.2 km
InfrastructureProposed

Educational facility upgrade addressing local capacity constraints as population density increases in the surrounding residential precinct.

1.2 km

East Cleveland Residential Estate

2.5 km
Residential subdivisionApproved

Greenfield residential development comprising single and dual-occupancy dwellings with local road and utility infrastructure.

2.5 km
Source: StMate AI — QLD development trends07/06/2026
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.

Suburb market

Suburb price trend

Cleveland price trend

Median sold · House 3 bed

Compound growth +11.1% / yr over 4 yrs

$975kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Cleveland market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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