2/105 Farnell StreetChermside QLD 4032
Property Details for 2/105 Farnell St, Chermside
2/105 Farnell St, Chermside is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 25m2 and floor size of 25m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Chermside in the last 12 months.
Last Listing description (June 2018)
This is an excellent investment opportunity, located in the popular Chermside Court Motel, (3.5 star motel), situated in Chermside and with a Zero vacancy risk and guaranteed income in high capital growth area.
This room returns great rental return and may be suitable for a Self Managed Super Fund Investment Property.
Chermside Court is a modern, relaxing, semi self-contained 16 unit motel located in a quiet leafy residential area.
This room is the only downstairs disabled room within the Chermside Court motel complex and is highly sought after, with the only walk in shower. This room is utilised by a large number of guests requiring wheelchairs.
Walking distance to Prince Charles and Holy Spirit Hospitals, providing easy access for country clients requiring medical attention.
Body Corporate Fee's
Admin Fund: $200.00 per quarter
Sinking Fund: $440.00 per quarter
Total: $640.00 per quarter
* 12 year lease in place, returning $747.00 per month plus CPI increase yearly.
* The unit is not available for owner/occupiers.
* Electricity, water, gas and telephone are paid by the tenant.
* Pest control and carpet cleaning - twice yearly paid by the owner.
* As with all strata title units the owner is responsible for general maintenance repairs.
Sinking Fund (Bank) - $71,000
Council Rates: $374.60 per quarter
N.B. As lenders classify these units as serviced apartments, most lenders require 35% - 50% deposit for finance.
Features:
Ensuite bathroom
Standard kitchenette
Air-conditioning
Free wireless broadband
Barbecue area
Walking distance to Prince Charles
Walking distance to Westfield Chermside Shopping complex and bus interchange
Property History for 2/105 Farnell St, Chermside, QLD 4032
- 13 Sep 2024Sold for $105,000
- 31 Jan 2022Sold for $101,000
- 23 Mar 2019Sold for $78,200
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0About 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 7,573 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.
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