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31 Sparkes Street
Chermside QLD 4032

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 675m2
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VERSATILE DEVELOPMENT SITE WITH IMMEDIATE RENTAL INCOME

This is a prime opportunity for savvy investors to secure a strategic land banking asset with the added benefit of a consistent rental return from a recently renovated home, while planning for future development.
The fully modernized residence features contemporary finishes, including air-conditioning, a new kitchen, and updated bathrooms, offering immediate comfort and style.
Perfect for a medium-density unit development, properties like this are becoming increasingly scarce. Whether you're ready to develop now or prefer to hold for future potential (STCA), this site is packed with possibilities.
Key Highlights:
Less than 10km from Brisbane's CBD
Walking distance to major Westfield shopping center
Easy access to express city buses
Situated on a quiet street within a bustling central activity hub
Post-war home with 3 bedrooms and additional storage space underneath
Recently painted with new floor coverings
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Property Details for 31 Sparkes St, Chermside

31 Sparkes St, Chermside is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 675m2. The place is currently for sale with Ray White Albany Creek Office.

Building Type
House
Land Size
675m2

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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 7,631 properties. Over the last 5 years, Houses in Chermside have seen a 60.28% increase in median value, while Units have seen a 75.10% increase. As at 30 November 2024:

  • The median value for Houses in Chermside is $944,820 while the median value for Units is $659,873.
  • Houses have a median rent of $595 while Units have a median rent of $588.
There are currently 60 properties listed for sale, and 39 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 400 properties were sold in the past 12 months in Chermside.

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Monty Tandon
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Gary Gaurav
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Ray White Albany Creek Office
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