31/12-20 Ballantine StreetChermside QLD 4032
Property Details for 31/12-20 Ballantine St, Chermside
31/12-20 Ballantine St, Chermside is a 2 bedroom, 2 bathroom Unit and was built in 1990. The property has a land size of 44m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (September 2026)
Important: Occupancy is restricted by scheme by laws to individuals aged 55 years and over, single occupancy only per dwelling; ownership is unrestricted, and rentals are permitted to eligible 55+ tenants under standard RTA agreements.
Positioned in the heart of Chermside, this rare dual-key residence at 9/12-20 Ballantine Street presents an outstanding investment or lifestyle opportunity on a single title. Offering two fully self-contained one-bedroom/studio apartments across two levels (Unit 9 and Unit 31), this versatile property delivers flexibility, strong rental appeal, and the potential for dual income.
Unit 31, the upper-level apartment, is easily accessible via elevator. It features a light-filled open-plan layout with a well-appointed kitchenette, private bathroom, and comfortable living/sleeping zone. Complete with ceiling fans and a split system air-conditioning unit, it ensures year-round comfort with low-maintenance ease.
Downstairs in unit 9, the studio offers its own private entrance along with a valuable outdoor patio-perfect for relaxing or entertaining. Also equipped with ceiling fans and split system air-conditioning, this residence mirrors the functionality of the upper level while adding the bonus of private outdoor space and enhanced privacy.
Whether you're an investor looking to maximise returns or an owner-occupier wanting to live in one and rent out the other, this property ticks all the boxes. The dual-key configuration allows for independent leasing, increasing yield potential while maintaining flexibility.
Adding further appeal, there is exciting scope to renovate and enhance both residences to maximise returns or future capital value. There is also the potential (subject to council and body corporate approval) to explore separating the two apartments onto individual titles-unlocking additional value and resale flexibility.
Situated in a highly sought-after location, you'll enjoy close proximity to Westfield Chermside, public transport, parks, schools, and major arterial roads.
Key Features:
• Dual-key property on one title (Units 9 & 31)
• Two self-contained studio/1-bedroom apartments
• Elevator access to upper-level residence
• Private patio for the downstairs apartment
• Ceiling fans and split system air-conditioning in both units
• Separate entrances for each residence
• Value-add potential via renovation or reconfiguration (STCA)
• Possible future individual titling opportunity (STCA)
• Low-maintenance investment opportunity
• Prime Chermside location close to amenities
Currently tenanted for $560pw
Council Rates: $585.49 per QTR approx
Body Corporate Fees: $1,980.3 per QTR
Please note, the scheme has accreditation with the Department of Housing as accommodation for "independent living for ages 55 and over" and only permits single occupancy based on the NCC.
Property History for 31/12-20 Ballantine St, Chermside, QLD 4032
- 09 Sep 2026Listed for Sale Offers Over $510,000
- 30 Jan 2023Sold for $182,500
- 26 Oct 2013Sold for $135,000
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About Chermside 4032
The size of Chermside is approximately 4.0 square kilometres. There are 10 parks, covering nearly 23.6% of the 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 7,913 properties. Over the last 5 years, Houses in Chermside have seen a 54.25% increase in median value, while Units have seen a 109.91% increase. As at 31 August 2026:
- The median value for Houses in Chermside is $1,201,667 while the median value for Units is $842,019.
- Houses have a median rent of $690 while Units have a median rent of $650.
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