SOLD
Sold on 20 Mar 2024 for $405,000

103/40 Playfield Street
Chermside QLD 4032

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
Land area: 88m2
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Property Details for 103/40 Playfield St, Chermside

103/40 Playfield St, Chermside is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 88m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Chermside in the last 12 months.

Building Type
Unit
Year Built
2009
Floor Size
88m2
Land Size
88m2
Local Government
Brisbane
Lot/Plan
103/SP259390

Last Listing description (March 2016)

Only 10kms from the Brisbane CBD, is an OFF THE PLAN release and construction is estimated to be complete in September 2015. This ideal capital city investment opportunity comes with an initial 15 year lease.
Benefits Include:
* Long term 15 year lease with 2 x 5 year options

* Built-in 4% rent increases & 5 yearly market reviews
* No management fees
* No letting fees
* No vacancies - rent paid monthly regardless of occupancy
* No Body Corporate Administration fees
* Excellent nett return on investment
Almost complete so no time to delay

Property History for 103/40 Playfield St, Chermside, QLD 4032

A timeline of how this property has performed in the market
Last Sold
$405,000
20 Mar 2024
  • 20 Mar 2024
    Sold for $405,000
  • 14 Jan 2016
    Sold for $429,580
  • 29 Jul 2015
    Sold for $452,000
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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 7,568 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 41 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 404 properties were sold in the past 12 months in Chermside.

Suburb Insights for Chermside 4032

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.