Bought Well • Chermside Property Acquisition with Prime Location and Dual-Living Potential
We are excited to announce a recent property acquisition for our local investor clients who were on the lookout for their next renovation project.
Property Details
Location: Chermside, 4032
Purchase Price: $900,000
Property Features:
Bedrooms: 3
Bathrooms: 2
Car Spaces: 2
Land Size: 637m²
Home Type: Post-war
Why This Property Stands Out
This post-war home in Chermside was the ideal choice for our renovation-ready clients. Here’s why:
Prime Location
Nestled in a highly sought-after suburb, this property is within walking distance of the beautiful 7th Brigade Parklands and the bustling Westfield Chermside shopping center. The location offers a fantastic blend of urban convenience and green space, making it appealing to families and renters alike. Furthermore, being adjacent to Wavell Heights adds to its investment allure, ensuring strong demand in the rental market.
Exceptional Features
The home boasts a significant advantage: a large, lined, and air-conditioned Colorbond shed. This versatile space can be used for storage, a workshop, or even a recreational area, adding great value to the property.
Renovation Potential
What truly sets this property apart is its potential for further development. With minor renovations, there’s the exciting opportunity to create a legal-height self-contained studio downstairs. This addition could serve as a dual-living space or a rental unit, maximizing the property's income potential and appeal.
Investment Advantages
Growing Market
Chermside has shown consistent growth in property values, making it an attractive area for investment.
Family-Friendly Amenities
The suburb is known for its excellent schools, parks, and recreational facilities, making it perfect for families and ensuring steady rental demand.
Convenient Access
With great transport links and proximity to major roads, commuting to Brisbane’s CBD is hassle-free, further enhancing the area’s desirability.
This 3-bedroom, 2-bathroom home in Chermside isn’t just a property; it’s a promising renovation opportunity for savvy investors. With its prime location, ample space, and potential for dual living, this investment is poised to deliver significant returns.