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16 & 18 Western Avenue
Chermside QLD 4032

Bedrooms: 6
Bathrooms: 3
Car spaces: 7
Land area: 1336m2
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LANDBANK -HIGH DENSITY DEVELOPMENT SITE

This prime elevated 1336m2 site, situated in the heart of Chermside, is ideally located just a short walk to transport, hospitals and the popular Westfield Chermside Shopping Centre, only minutes away.
The current two post war dwellings on the property, would offer a holding income for investors land banking, which would lease for approximately $1,300 per week.
With Chermside being earmarked for an increase in population by approximately double over the next 20 years, this provides of positive outlook for astute developers and investors, now and into future; sites of this size and zoning are becoming harder and harder to acquire, with very limited stock.
- Total land size 1336m2 (Approximately)
- 10km to Brisbane CBD (Approximately)
- 15 minutes to Brisbane's domestic & international airports
- Short Walk to Qld's largest Westfield's and major transport hub
- Walk to 2 major hospitals and other emergency services
- Elevated flood free location in a quiet position
- Zoned High Density- 10 Storeys - 50 Apartments STCA
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Property Details for 16 & 18 Western Ave, Chermside

16 & 18 Western Ave, Chermside is a 6 bedroom, 3 bathroom House with 7 parking spaces. The property has a land size of 1336m2. The place is currently for sale with Ray White Clayfield.

Building Type
House
Land Size
1336m2

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About Chermside 4032

The size of Chermside is approximately 4 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2011 was 8,170 people. By 2016 the population was 9,313 showing a population growth of 14.0% in the area during that time. The predominant age group in Chermside is 20-29 years. Households in Chermside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chermside work in a professional occupation. In 2011, 34.7% of the homes in Chermside were owner-occupied compared with 31.5% in 2016.

Chermside has 7,571 properties. Over the last 5 years, Houses in Chermside have seen a 72.58% increase in median value, while Units have seen a 66.96% increase. As at 30 September 2024:

  • The median value for Houses in Chermside is $997,709 while the median value for Units is $638,308.
  • Houses have a median rent of $588 while Units have a median rent of $570.
There are currently 69 properties listed for sale, and 33 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 411 properties were sold in the past 12 months in Chermside.

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Graham Carter
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Bohdie Carter
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Ray White Clayfield
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