2/56 Wallace Street, Chermside, QLD 4032 | Property Value & History | OnTheHouse
OFF MARKET

2/56 Wallace Street
Chermside QLD 4032

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 114m2
Land area: 114m2
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Last updated 12 Jan 2026
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Property Details for 2/56 Wallace St, Chermside

2/56 Wallace St, Chermside is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 114m2 and floor size of 114m2.

Building Type
House
Floor Size
114m2
Land Size
114m2
Local Government
Brisbane

Last Listing description (January 2026)

Built in 2007, welcome to 'Luigi Lodge'!This ground floor, open plan 3 bedroom unit is so close to all the amenities that Chermside has to offer. Situated in a small complex with only 6 units, 'Luigi Lodge' offers a private and quiet alternative to the larger complexes in the Chermside area. It works wonders as an investment property, first home buyer or downsizer with close proximity to everything there is to do in this thriving area.Features:* Large exclusive courtyard* 3 large bedrooms all with built-in wardrobes and ceiling fans* Main Bedroom with ensuite bathroom* Open plan tiled living area and kitchen with stone benchtops and stainless steel appliances including dishwasher, oven, cooktop and rangehood* Large main bathroom with shower over plunge bathtub* Air-conditioning* Linen cupboard* Fully secure complex with Intercom system and secured entry* Lock up single car garage with auto garage doorLocation:* The Prince Charles public and St Vincent private hospitals 5 minute walk* Westfield shopping town Chermside with major shopping, restaurants and cafes, Events cinemas and entertainment prescient 10 minute walk* Brisbane City bus terminal, Marchant and Kids Space parks and bikeways/walkways * Clem7 and Airport link tunnel system a short 5 minute drive away* Brisbane CBD a short 15 min drive* Brisbane domestic and international airports a short 15 min diveRental Appraisal: $675 per weekBody Corporate:* Sinking fund $157.50 per quarter* Admin fees $750.00 per quarterDon't miss this rare opportunity to secure a ground floor apartment with exclusive courtyard in an elevated position.To arrange a private inspection, please contact selling agent Nick Thornton 0407 736 046, you will not be disappointed.Please note some internal photos are more than three years old

Property History for 2/56 Wallace St, Chermside, QLD 4032

A timeline of how this property has performed in the market
Listed for Rent
$725/w
07 Jul 2025
  • 26 Jun 2025
    Listed for Rent $725 / week
  • 05 Mar 2025
    Listed for Sale Vacant and Selling
  • 03 May 2022
    Listed for Rent $480 / week
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About Chermside 4032

The size of Chermside is approximately 4.0 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2016 was 9315 people. By 2021 the population was 11426 showing a population growth of 22.7% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Chermside work in a professional occupation.In 2021, 31.60% of the homes in Chermside were owner-occupied compared with 31.50% in 2016.

Chermside has 7,862 properties. Over the last 5 years, Houses in Chermside have seen a 87.92% increase in median value, while Units have seen a 105.13% increase. As at 31 December 2025:

  • The median value for Houses in Chermside is $1,200,743 while the median value for Units is $789,721.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 31 properties listed for sale, and 38 properties listed for rent in Chermside on OnTheHouse. According to Cotality's data, 391 properties were sold in the past 12 months in Chermside.

Suburb Insights for Chermside 4032

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.