5/56 Wallace Street, Chermside, QLD 4032 | Property Value & History | OnTheHouse
OFF MARKET

5/56 Wallace Street
Chermside QLD 4032

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Land area: 96m2
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Property Details for 5/56 Wallace St, Chermside

5/56 Wallace St, Chermside is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2002. The property has a land size of 96m2 and floor size of 83m2.

Building Type
House
Year Built
2002
Floor Size
83m2
Land Size
96m2
Local Government
Brisbane

Last Listing description (July 2025)

Occupying an enviable, north/east facing, top-level position, within a small contemporary complex, this beautifully finished and light filled apartment offers absolute lifestyle perfection. With recently upgraded paintwork, carpet and lighting, this apartment is seriously impressive and will appeal to a buyer seeking a home they can simply move into or rent out without any work required.

Offering a wonderful floorplan that includes a large well-appointed Caesarstone kitchen, 3 sizeable bedrooms, 2 bathrooms and a spacious living/dining area which flows out to a wide balcony that captures some city glimpses. Buyers seeking storage and vehicle accommodation will appreciate how rare it is to find an apartment with a remote lock-up garage.

This elevated pocket of Chermside closely adjoins the Prince Charles and St Vincent Hospital precinct and is positioned just 9km from the Brisbane CBD. The apartment is within 5 minutes of Westfield Chermside Shopping Centre. The Westfield Chermside Shopping Centre provides arguably the best shopping, cinema and restaurant precinct in Brisbane. Being a family friendly location, there are a variety of excellent private and public schools within a short proximity of the complex. Reliable bus transport is available within walking distance and the Airportlink/Clem7 tunnels are located 10 minutes away and provide a direct link to the Airport, City Fringe and Brisbane southside.

Well priced, well situated & exceptionally appointed apartments like this rarely become available! Act fast

Special Features include -
Positioned on the top level of a small contemporary complex of 6 apartments. Offering an enviable north/east facing position, which captures plenty of natural light.
Neutral paint work and recently replaced carpet and lighting provide a lovely 1st impression
Spacious open plan living/dining area
A large south facing balcony extends from the living area and is ideal for outdoor dining and relaxation
A large well-appointed Caesarstone kitchen with breakfast bar, an electric cook top, oven, dishwasher and an abundance of bench space and storage
3 decent sized bedrooms, all with built-in wardrobes; Master with ensuite. Bedroom 2 includes a private balcony.
The main bathroom includes a modern vanity and shower over bath
Secure remote lock-up garage
Cool all year round with air-conditioning, fans and the ideal aspect
Offering reasonable body corporate fees and a huge potential market rent in the vicinity of $650-700 per week
A super central location; closely adjoining the hospital precinct and just a distance to Westfield Chermside, which offers the best in retail, restaurants and movies. Regular public transport operates close by.

You will appreciate all the extras that this beautiful opportunity offers you at the right price. With absolutely nothing to do but enjoy, simply move straight in or rent straight out. An inspection is guaranteed to impress & entice - be the first to avoid disappointment! For further information or to arrange your inspection, please contact DANIEL WATERS.

QUICK FACTS:
Year Built: Circa 2007
Units in Complex: 6
Aspect: North/East/South (this is a corner unit with 3 frontages, which maximises natural light)
Council Rates: $506.70 per Qtr
Rental Appraisal: $650.00 - $700.00 P/W
School Catchments: Wavell Heights State School, Wavell State High School

Property History for 5/56 Wallace St, Chermside, QLD 4032

A timeline of how this property has performed in the market
Listed for Rent
$700/w
30 Jun 2025
  • 18 Jun 2025
    Listed for Rent $700 / week
  • 26 May 2025
    Listed for Sale Sold by Daniel Waters
  • 05 Apr 2024
    Listed for Rent $600 / week
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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 7,854 properties. Over the last 5 years, Houses in Chermside have seen a 85.14% increase in median value, while Units have seen a 109.69% increase. As at 31 January 2026:

  • The median value for Houses in Chermside is $1,201,046 while the median value for Units is $809,932.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 34 properties listed for sale, and 30 properties listed for rent in Chermside on OnTheHouse. According to Cotality's data, 380 properties were sold in the past 12 months in Chermside.

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Cotality Copyright and Legal Disclaimers about Property Data
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.