Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

QLD › Cleveland › Shore Street North

121 Shore Street North, Cleveland QLD 4163

For saleApartment for Sale

$2,995,000

For sale

Asking

3

Bedrooms

3

Bathrooms

3

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,995,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,995,000(Listing record · 2 May 2025)
  • CalculationAsk is 136% above the Cleveland median recorded sale ($1,270,000, n=81, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Cleveland's advertised median rent ($677/wk), implied gross yield would be 1.18% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$2,995,000

Asking

No recorded sale for this property.

Cleveland at a glance

17,053

People

$1,270,000

Median sale

$677/wk

Median rent

2.77%

Suburb gross yield

Median sale from 81 recorded sales (last 12 months) — a Districts calculation.

See the full Cleveland report →

Vs Cleveland

+135.8%

Median sale

Suburb $1,270,000

-1.59 pp

Gross yield

Suburb 2.77%

Suburb median $1,270,000 from 81 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$2,995,000
Stamp Duty (Queensland)
$152,738
Transfer/Registration Fee
$13,378
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$3,164,816

$169,816 on top of the price (5.7% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Cleveland's advertised median rent — not a rent for this listing.

Net yield
-0.32%
Annual cashflow (pre-tax)
$-165,461
Interest cover (DSCR)
-0.06
Annual rent
$35,204
Operating expenses
$44,925
Loan amount
$2,396,000
Annual interest
$155,740
Gross yield
1.18%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$2,995,000available2 May 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $677/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Cleveland in one glance

Cleveland at a glance

17,053

People

$1,270,000

Median sale

$677/wk

Median rent

2.77%

Suburb gross yield

Median sale from 81 recorded sales (last 12 months) — a Districts calculation.

See the full Cleveland report →

Keep researching

  • Why Cleveland? Read the area thesis →
  • What else is on the market in Cleveland →
  • Other records on Shore Street North →

Listing material

Listed by RE/MAX Bayside Cleveland

~ BLANCA~ 'Redefining Waterfront Living' - FINAL 3!

LUXURY SKYHOMES ON THE WATERS EDGE - CONSTRUCTION UNDERWAY WITH COMPLETION DUE LATE 2026 - ONLY 3 OPPORTUNITIES LEFT!

Step into an unrivalled world of elegance on Cleveland Point. Every aspect of this address exudes a level of lifestyle that has not been set yet at this location. As you gaze from these residences, the vibrant blue hues of Moreton Bay stretch as far as the horizon in every direction. This limited opportunity to live in the most coveted Cleveland strip is brought to you by an experienced and highly followed Developer/Builder Duo, and the design has been meticulously delivered by the renowned Thinktank Architects team. Don't miss this once-in-a-lifetime opportunity to own and live this dream.

~ All residences enjoy a minimum of 2 car garaging, with options for 3 + storage (Penthouse includes 4)

Read the full description

~ A highlight, resort Pool area features poolside relaxation Cabanas, Spa, Poolside Dining & BBQ, plus fire pit area, all right on the waters edge

~Stunning timber floors flow effortlessly throughout living spaces & quality carpets to bedrooms

~ High-end bathrooms featuring 1200x600 floor-to-ceiling tiles & feature finger tiles, freestanding bath in ensuite's, brushed gold 'Villeroy & Boch' tapware & fittings, in-wall cisterns, double vanities & custom cabinetry with premium stone

~ Statement kitchens equipped with Miele appliances, 40mm stone plus 60mm Island benchtop, fully integrated dishwasher, range hood and Fridge Freezer Combo, plus butler's pantry

~ The chilled, glass wine displays are top-shelf, commanding absolute class and re-confirm the level you can expect at this construct

~ Every residence exudes luxury and a spacious, open plan feel that invites the unbeatable views in at every opportunity, and comes equipped with a full suite of Miele appliances, incl. fridge/freezer & laundry to ensure you can move straight in and enjoy this dream lifestyle

~ The primary suites are oversized and sport complimenting custom walk-in robes & private ensuites

~ All bedrooms boast generous proportions, and each layout has been carefully considered to ensure absolute liveability

~ The fully tiled main balcony is dressed with an outdoor kitchen with sink and drinks fridge, soaking up the endless views & bay breezes

~ Included you will find abundant storage, plus a built-in study

~ Ducted air-conditioning, fans and beautiful Bay Breezes all year round

~ Video intercom, NBN ready, commercial Schindler lift (wheelchair accessible) to all levels

REGISTER YOUR INTEREST TO SECURE YOUR RESIDENCE IN WHAT IS SET TO BE CLEVELAND'S MOST SOUGHT AFTER DEVELOPMENT OF THE DECADE!

CONTACT DAVE NEILSON ON 0415 038 687

Listing description written by Dave Neilson, RE/MAX Bayside Cleveland — reproduced as published, not verified by Districts.

Also look at

Also for sale in Cleveland

  • U1, 135-139 Shore Street West, Cleveland QLD 4163

    3-bed unit. Currently listed.

    For sale
  • U39, 45 Shore Street East, Cleveland QLD 4163

    3-bed apartment. Asking $1.1M.

    For sale
  • 223-225 Shore Street North, Cleveland QLD 4163

    4-bed house. Currently listed.

    For sale
  • 167 Shore Street North, Cleveland QLD 4163

    4-bed house for sale. Currently listed.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.