85 Meemar Street, Chermside QLD 4032

2002 build | 5-bed house on 728m² | prime school catchments | in-ground pool | long-term resident area This property presents a competitively strong offering within its established suburb, defined by its modern construction, generous bedroom count, and direct access to sought-after government schools. The house serves a buyer seeking a low-maintenance, family-oriented residence with immediate amenity, positioned within a neighbourhood demonstrating high stability. Its valuation sits logically below a directly comparable, yet superiorly specified, recent sale on the same street, confirming its mid-market positioning. The primary cost mechanism is the two-car garage against a four-car benchmark from the superior comparable, a functional deficit for larger families. The established rental yield, however, provides a clear commercial logic for an investor, while the strong historical growth rates on the street support a long-term hold. Acquire this for its land size and configuration within a high-demand catchment, holding it as a permanent residence or a yielding investment with capital growth expectation. Recent sales on Meemar Street demonstrate clear value scaling: – 60 Meemar St (5/3/4, 759m²): Sold Mar 2026 for $2,525,000 – Various 2-3 bedroom houses: Sold between $650k and $1.25m This establishes a credible value anchor near $2.1 million for this 5-bedroom house, accounting for its smaller land and reduced car accommodation compared to the top sale. The data confirms you are purchasing within an active market with defined price parameters.