2804/19 Playfield Street, Chermside QLD 4032
2804/19 Playfield Street, Chermside QLD 4032
compact 1-bed, 2016 build | school-catchment location | 74m² floorplan | investor/first-home demand | single-car convenience
The unit is positioned as a contemporary, low-maintenance apartment in a dense northside activity centre. By its 2016 construction, it is placed among the newer stock in the immediate corridor. The single-bedroom format with one car space is suited to investors and first-home buyers seeking rental demand or an entry point. The Wavell Heights State School and Wavell State High School catchments are seen as broadening appeal to owner-occupiers, while the recorded 74m² footprint is considered generous for a one-bedroom unit. This is an ordinary contemporary configuration, not a premium product, but a practical advantage is given to it by its freshness and catchment position over older units in the same price band.
The absence of a confirmed aspect or floor level should be weighed because value may be affected by the actual position; a premium may be supported by a higher floor with light exposure, while a shaded or rear exposure might limit it. The 74m² size helps, but layout is critical. Nearby redevelopment pressure might create construction noise and streetscape change, though improving demand is also signalled by that pressure.
Detailed Independent Property Report prepared by PropCred Analyst team for 2804/19 Playfield Street, Chermside QLD 4032
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Chermside is positioned as a high-density suburban hub, with 11,409 residents predominantly singles renting apartments, and clerical and administrative workers forming the core buyer cohort. Houses are transacting around a $1.2 million median, with annual growth ranging from 15.79% to 23.4% across recent sources; units sit near $830,000, showing 13.8%–24.4% growth. Market conditions are tight: houses sell in 18 days, units in 16, with 251 units traded over the past year. Demand is underpinned by rental momentum, house rents up 10% to $660 weekly and units up 5.2% to $610, while unit yields near 4.5% attract investors. Future growth is supported by Brisbane City Council’s continued push for high-density residential and commercial development, plus the refurbished Chermside shopping centre. The primary constraint is affordability, given house prices have outpaced yield outcomes at 2.7%–3.25% gross, leaving limited near-term correction buffer.
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PropCred Estimated Value
Comparable Sales: 104/40 Playfield Street sold $315K in 2023; 2304/19 Playfield Street reported sold $665K | Property Price Band: $550K–$650K | Value Drivers: 2016 build, school catchment, 74m² layout
Bedrooms
2
Bathroom
2
Parking
1
Land
2386m²
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