16/18 Western AvenueChermside QLD 4032
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16/18 Western Ave, Chermside is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 668m2.
Last Listing description (September 2024)
This prime elevated 1336m2 site, situated in the heart of Chermside, is ideally located just a short walk to transport, hospitals and the popular Westfield Chermside Shopping Centre, only minutes away.
The current two post war dwellings on the property, would offer a holding income for investors land banking, which would lease for approximately $1,300 per week.
With Chermside being earmarked for an increase in population by approximately double over the next 20 years, this provides of positive outlook for astute developers and investors, now and into future; sites of this size and zoning are becoming harder and harder to acquire, with very limited stock.
- Total land size 1336m2 (Approximately)
- 10km to Brisbane CBD (Approximately)
- 15 minutes to Brisbane's domestic & international airports
- Short Walk to Qld's largest Westfield's and major transport hub
- Walk to 2 major hospitals and other emergency services
- Elevated flood free location in a quiet position
- Zoned High Density- 10 Storeys - 50 Apartments STCA
- Existing two homes approx. Rent of $1,300 per week
PHONE GRAHAM CARTER OF RAY WHITE FOR FURTHER DETAILS ON 0411 222 666.
Property History for 16/18 Western Ave, Chermside, QLD 4032
- 13 Aug 2024Listed for Sale FOR SALE NOW
- 01 Apr 2024Listed for Sale Expressions of Interest
- 24 Feb 2022Listed for Sale For Sale by Negotiation
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 7,693 properties. Over the last 5 years, Houses in Chermside have seen a 58.88% increase in median value, while Units have seen a 77.35% increase. As at 30 April 2025:
- The median value for Houses in Chermside is $953,695 while the median value for Units is $674,823.
- Houses have a median rent of $600 while Units have a median rent of $600.
What's around 16/18 Western Ave, Chermside
16/18 Western Ave, Chermside is in the school catchment zone for Craigslea State School and Craigslea State High School.
Suburb Insights for Chermside 4032
Market Insights
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Neighbourhood Insights
Age
Population 9,313
0-9
10%
10-19
7%
20-29
22%
30-39
18%
40-49
11%
50-59
9%
60-69
7%
70-79
7%
80-89
6%
90-99
3%
Household Structure
Occupancy
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