Home/Properties/Cleveland/8.41% Gross Return - $2,430 Per Week - Brand New 5 Studio Rooming House - Prime Cleveland Location
8.41% Gross Return - $2,430 Per Week - Brand New 5 Studio Rooming House - Prime Cleveland Location, Cleveland$1.47m
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8.41% Gross Return - $2,430 Per Week - Brand New 5 Studio Rooming House - Prime Cleveland Location

Cleveland, QLD 4163, Australia
Approximate location shown. Contact agent for exact address.
$1.47m
5 bed 5 bath 3 car405 m²

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About this property

High-Yield Coastal Brisbane Investment Opportunities delivering over 8% gross return in blue-chip bayside suburbs are rare. This purpose-built 5-studio rooming house in Cleveland combines premium location fundamentals with serious cash flow performance - projected at $2,430 per week ($123,930 annually) and an estimated 8.41% gross return. Purpose-built. Class 1B compliant. Designed for income. Investment Snapshot - Projected Rent Entire Property: $2,430 per week - Rent Per Studio: $480 per week - Annual Income: $123,930 - Package Price: $1,474,036 - Estimated Gross Return: 8.41% - Build Size: 200mò - Land Size: 405mò Based on 51-week rental period. Purpose-Built 5 Studio Configuration - Plan: Moreton Designed specifically to maximise rental yield while maintaining strong tenant appeal. Each studio includes: - Private bedroom - Private bathroom - Dedicated living space - Reverse cycle split system air-conditioning - Digital door locks with BLE & WiFi capability - High-density acoustic insulation between studios - Built-in storage Common areas include shared kitchen and laundry facilities, designed for ease of management and long-term durability. This is not a converted dwelling. It is an engineered investment product built for performance. Premium Turnkey Inclusions Built with long-term holding in mind. - Truecoreî steel frame & trusses backed by BlueScope 50-year structural warranty - 13kW photovoltaic solar system - Solid core flush panel studio entry doors - Emergency lighting & smoke systems compliant with Class 1B legislation - 120mò landscaping & 60 lineal metres of fencing - Concrete driveway, crossover and parking - Fixed price contract - 1-year material & workmanship guarantee Optional fully installed furniture package available for immediate tenant-ready delivery, including TVs, fridges, washing machines, full studio furniture, appliances and kitchenware. Prime Cleveland Fundamentals - 4-minute drive to Cleveland Train Station - Near Cleveland Central Shopping Precinct - 2 minutes to Redland Hospital - Established bayside suburb within Brisbane metro Cleveland offers a rare combination of: - Coastal lifestyle appeal - Strong local employment hubs - Hospital and medical precinct demand - Tight rental vacancy Rooming houses in established bayside suburbs are tightly held assets due to limited compliant supply and increasing demand for affordable accommodation close to transport and employment. Why This Asset Makes Strategic Sense - 8.41% gross return in a metro coastal suburb - Multi-income stream reduces vacancy risk - Brand new build maximises depreciation benefits - Purpose-built design reduces management complexity - High-demand medical and transport corridor - Rising construction costs restrict future supply The Bottom Line High-yield rooming houses in Cleveland are not common. Purpose-built compliant stock in bayside Brisbane is even rarer. If your strategy includes increasing portfolio cash flow without moving into regional markets, this asset deserves serious consideration. We're Brisbane's Rooming House Specialists Enquire on this advertisement for full investment pack, rental breakdown and build timeline. Or Contact Us Now For More Information Aaron Weaver on 0412828702 HOW WE CAN HELP YOU Through our trusted network of builders and land developers across South East Queensland, Asset Property Partners offers a no cost service that helps everyday Australian's make smarter property choices. Let us help you save time and money whilst taking the hassle out of building! Contact Aaron Weaver on 0412828702 or aaron@assetpropertypartners.com.au to help you find the most suitable property option for you. Disclaimer: Disclaimer: All images and descriptions are indicative and may vary from the final product. All information contained herein is gathered from sources we believe to be reliable. Intending purchasers should satisfy themselves by clarification prior to purchase. Prices stated are subject to availability. All plans are copyright in whole and in part.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
5
Bathrooms
5
Parking
3
Land Area
405 m²
Listed
3 months ago

Repayment calculator

$7,146/month
$3,573 /fortnight
Loan $1,179,229 at 6.10% over 30 years

Upfront costs

Deposit$294,807
Stamp duty$65,282
Conveyancing (est.)$2,000
Total upfront$362,089
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 5-bedroom house in Cleveland, QLD 4163 sits within reach of public transport, local shops and nearby schools. It is listed 2% below the $1.50m median of 69 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

  • Unnamed (ferry)666 m away
  • The Reject Shop984 m away
  • Unnamed457 m away
  • Unnamed490 m away
  • Unnamed676 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.

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Suburb market

Suburb price trend

Cleveland price trend

Median sold · House 5+ bed

Compound growth +10.4% / yr over 4 yrs

$1.63mcurrent median

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Listing price changes

1 price change recorded for this property

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