32/541 Rode RoadChermside QLD 4032
Property Details for 32/541 Rode Rd, Chermside
32/541 Rode Rd, Chermside is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 84m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in January 2025.
Last Listing description (March 2025)
An ideal opportunity for investors looking for stable, high-yield returns without the hassle of ongoing management. This dual-unit property on one title is part of a well-maintained hotel chain, ensuring guaranteed rental income with CPI increases. With no vacancy, no letting, re-letting, marketing fees, this is a perfect set-and-forget investment.
- Two units on one title: 1-bed, 1-bath unit with separate living and dining areas + studio apartment with wheelchair access.
- Guaranteed rental income: - current rent with fixed Term Agreement in place - $3170 per month for 5 years with a guaranteed CPI per annum
- Council rates - approx $480 per quarter
- Balance of sinking fund - $345,000
- Current rental yield approx 6%
- No vacancy, letting, re-letting, marketing fees
- On-site management handles all cleaning and maintenance, providing effortless ownership - part of a secure hotel chain
Located in the thriving suburb of Chermside, this property is surrounded by amenities such as Westfield Chermside Shopping Centre, public transport, parks, and a variety of dining options. The Prince Charles and St. Vincents hospitals are just minutes away, making it a strategic choice for medical professionals or anyone seeking convenient, urban living.
This investment is perfect for busy professionals, seasoned investors, or executives seeking hassle-free rental income streams. The proximity to hospitals also makes it an attractive option for doctors, nurses, and health workers looking for long-term accommodation solutions.
Seize this opportunity to add a high-yield, hassle-free property to your portfolio.
Dont miss this chance to secure a high-yield, low-maintenance investment in one of Brisbanes most in-demand suburbs.
Property History for 32/541 Rode Rd, Chermside, QLD 4032
- 23 Jan 2025Sold for $530,000
- 05 Nov 2024Listed for Sale Sold
- 06 Jun 2011Sold for $479,000
Recent sales nearby
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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 7,858 properties. Over the last 5 years, Houses in Chermside have seen a 89.30% increase in median value, while Units have seen a 110.13% increase. As at 31 March 2026:
- The median value for Houses in Chermside is $1,316,846 while the median value for Units is $847,953.
- Houses have a median rent of $673 while Units have a median rent of $635.
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