4/59-65 Smith Street, Cleveland, QLD 4163

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Auctioned for $210,000 (Feb 29, 2020) Default

Start from Scratch - Lowset Villa, Killballey Place, Cleveland

Rarely does an opportunity like this knock, for you to carve out such upside through your effort and toil. This property has been left to its own devices and has sat empty and in disrepair for a few years.

Most likely suiting owner builders who know how to turn things around, or experienced renovators, looking for a project, this property will be a unique and potentially, low cost proposition, to add substantial value fast. The shell of this lowset townhouse sits in a cracking position next to parks and public transport within Cleveland and features oversized courtyards and a generously spaced layout.

With no need for us to emphasize the overwhelming demand for well-priced lowset villas in this ageing market, there is exciting potential for extracting plenty of value on completion of works. Owners life circumstances and awareness of the condition of the property will dictate extreme sensibility in meeting the market immediately.

To be sold on or before Auction, On Site – Saturday 29th February at 10am

We Know Your Area
R&H Suburb Profile: Cleveland

R&H Suburb Summary Houses
Number of sales 241
Average Price $825,686
Median Price $612,500
Median Rental Price $490 p.w.
Change in Rental Rate (5yr) 2 %
R&H Suburb Summary Units
Number of sales 143
Average Price $454,812
Median Price $410,000
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 0 %
Cleveland, QLD - Median Trend