FOR SALE
Offers Over $1,595,000

22 Sparkes Street
Chermside QLD 4032

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
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Rare bluechip investment returning $1,635/wk rent.

An exceptional investment opportunity in Chermside in central position with everything on your doorstep.
* 7 minute walk (450m) to Westfiled Chermside Shopping Centre (second largest Westfield in Australia) fetauring speciality shops, 3 storey Myer and 18 screen cinema complex.,
* 4 minute walk (300m) to Prince Charles Hospital
* 9kms to Brisbane
This renovated, fully furnished four suite double storey rooming house on 405m2 of MU2 zoned land.
This unique house was built to last and is brick and concrete construction where both the ground and first floors are concrete slab.
The house comprises four (4) individual suites that have indiviual leases. Each suite is complete with living with kitchenette, bathroom, air conditioned bedroom and most with either balcony or private courtyard. The suites are modern and include high quality furniture. Currently fully leased the property is returning an impressive $1635 per week (soon to increse to $1685).
Each suite also has access to an off street carspace (3 spaces and 1 lockup garage) and an exclusive use lockup storage area.
The common area includes a full kitchen with oven, cooktop and rangehood and laundry facilities with 1 x washing machine.
The property presents an exciting proposition for the savvy investor.
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Property Details for 22 Sparkes St, Chermside

22 Sparkes St, Chermside is a 4 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The place is currently for sale with YSH PRoperty.

Building Type
BlockOfUnits

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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 67.02% increase in median value, while Units have seen a 69.21% increase. As at 31 October 2024:

  • The median value for Houses in Chermside is $977,450 while the median value for Units is $644,417.
  • Houses have a median rent of $590 while Units have a median rent of $580.
There are currently 59 properties listed for sale, and 42 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 405 properties were sold in the past 12 months in Chermside.

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Dean Parker
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YSH PRoperty
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