405/40 Playfield Street, Chermside, QLD 4032 | Apartment for sale | OnTheHouse
 
FOR SALE
OFFERS OVER $695K - RENT $973 PER WEEK!

405/40 Playfield Street
Chermside QLD 4032

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 89m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

HIGH-YIELD INVESTMENT - $50K+ ANNUAL INCOME - PREMIUM QUEST APARTMENT

Conveniently located in the heart of thriving Chermside, this outstanding 2-bedroom, 2-bathroom, 1-car "Quest" serviced apartment presents an exceptional opportunity, ideal for astute investors seeking a secure, high-yielding passive income with consistent long-term growth potential.
Producing a guaranteed income of over $50,000 annualised for the next 2 years plus, this modern dual-key property delivers a super return over 7% p.a. gross. With a respected commercial tenant in place, future growth is assured with a secure long-term lease until 2030, and annual rental increases of 4%, plus 2 additional 5-year tenancy options, combined with great potential for long-term capital gain.
Refurbished only 3 years ago, this professionally managed property and complete investment package is designed for effortless, low-risk ownership over the long term, perfect for private investors or self-managed super funds alike, with Body Corporate Administration levies, Strata Insurance and Water Usage fully paid by the tenant.
Property Features:
* Versatile configuration, with optional dual-key use as 2 separate apartments
* Large combined living/dining; fully air-conditioned; quality finishes throughout
* Private balcony, leafy outlook, quiet and elevated level 4 position
* Well appointed with 2 spacious bedrooms, large mirrored built-in-robes
* 2 bathrooms/laundry, 1 kitchen, 1 kitchenette, 1 secure car parking space
* Modern, functional, smart design, ideal for short term or long-term leasing
See More

Property Details for 405/40 Playfield St, Chermside

405/40 Playfield St, Chermside is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 89m2. The place is currently for sale with @realty.

Building Type
Apartment
Land Size
89m2
Commute Calculator

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 7,867 properties. Over the last 5 years, Houses in Chermside have seen a 85.70% increase in median value, while Units have seen a 115.78% increase. As at 30 April 2026:

  • The median value for Houses in Chermside is $1,314,002 while the median value for Units is $859,536.
  • Houses have a median rent of $670 while Units have a median rent of $650.
There are currently 37 properties listed for sale, and 27 properties listed for rent in Chermside on OnTheHouse. According to Cotality's data, 360 properties were sold in the past 12 months in Chermside.

Chermside Profile Page

Suburb Insights for Chermside 4032

Visit Chermside profile page
Market Insights
Chermside Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Chermside Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Chermside profile page
Contact agent
agent headshot
Joe Hawes
Show contact details
Call agent
@realty
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED