284/49-57 Sparkes StreetChermside QLD 4032
Property Details for 284/49-57 Sparkes St, Chermside
284/49-57 Sparkes St, Chermside is a 1 bedroom, 1 bathroom Unit and was built in 2022. The property has a land size of 63m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 1 bedroom Unit sold in Chermside in the last 12 months.
Last Listing description (January 2024)
Phone enquiry code for this property : 7523
Looking for an investment that ticks all the boxes of affordability, low maintenance, superb location with an excellent return? .
The one bedroom one bathroom space is a modern, comfortable AIRBNB stay and is being offered as investors package with all the guess work taken out. 'The Sparks' building was completed in early 2022 and since listing the property in July we have achieved over a 90% occupancy rate generating a return gross yield of 12.2% with future bookings already rolling into the New Year.
The space is offered to accomodate two, however to maximize on booking potential and space it has been offered up to a group of four as the dining and lounge furniture is modular. Included in the sale will be all furnishings and equipment that are tasteful and of high quality and are included in yearly the depreciation investing benefits of the new build.
A reliable and meticulous cleaner is in place and given any day of the year is capable of working within booking timeframes.
The AIRBNB side of the bookings is currently self managed, however an on-site manager is happy to take on this role. This manager already organises everything from check in and check out services, miscellaneous items needed for the apartment and guests and any issues that may occur during a stay. Having these key operations in place means you could live interstate with peace of mind knowing your investment is well cared for and generating passive income around the clock.
BUILDING FEATURES INCLUDE:
A secure parking space
Covered guest parking
Security to all levels
Intercom
Lift access
Ducted air conditioning throughout
A rooftop bbq area offers views expanding out to the CBD and bordering mountain ranges.
Additionally, the apartment offers an external North facing balcony with rolling shutters ensuring privacy and a well lit space.
Situated in North Brisbanes medical and retail epicentre, the Westfield Shopping Centre, Prince Charles Hospital and Chermside Bus Interchange are all within a short walking distance. The CBD, Airport, Suncorp Stadium and Gabba are all within a 15 to 20 minute drive.
With Brisbane set to expand in time for the Olympic Games this proximity will prove to be a Game Changer for any investor for the coming years.
Private inspections are available upon request.
Phone enquiry code for this property : 7523
Property History for 284/49-57 Sparkes St, Chermside, QLD 4032
- 15 Dec 2023Sold for $410,000
- 26 Sep 2023Listed for Sale OFFERS OVER $420,000
- 08 Mar 2022Sold for $362,500
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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.
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