Property Details for 39 Thomas St, Chermside
39 Thomas St, Chermside is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2017.
Last Listing description (August 2023)
BUSINESS ONLY DUO IN PRIME INNER-NORTH OVER $309K NET | Resort Brokers ID : MRB007530
Located 100m apart, these two modern mid-rise buildings offer a perfect add-on or expansion for an existing operator! Permanent let, established and easy to run - this is a great way to earn a solid income!
Total of 151 apartments across two neighbouring buildings
Easy to manage complexes with 69 in combined letting pool
Strong ROI 15.8%
No set hours, no real estate to own and no requirement to live onsite
Solid BC salary over $200K per annum with annual increases
Combined net profit of $309K
Office under OA in both complexes
Communal spaces include swimming pool, gym, BBQ area
Long tenure remaining with 19 and 21 years respectively
Appealing location for tenants close to major employment nodes
Additional one external rental in Chermside being sold with business at 3x multiplier
All inspections by appointment only
Property History for 39 Thomas St, Chermside, QLD 4032
- 13 Mar 2023Listed for Sale $1,950,000
- 14 Nov 2017Listed for Rent $500 per Week
- 03 Mar 2017Listed for Rent - Price not available
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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.
Suburb Insights for Chermside 4032
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