1/57 Latham Street, Chermside QLD 4032
1/57 Latham Street, Chermside QLD 4032
3-bed townhouse 135m² | near Westfield & hospitals | owner-occupier demand | only 1 car space | family-oriented floor plan
An uncommon position is occupied by this townhouse in Chermside’s current market, which is heavily weighted toward modern apartments. A three-bedroom, two-bathroom layout over 135 square metres is offered, and the property is placed at the larger, more family-oriented end of the low-maintenance spectrum by that size. The suburb is characterised by major retail and health infrastructure, and the property is situated within it. Down-sizers, hospital professionals, and small families are best served by this configuration, as a lock-and-leave home near Westfield Chermside and the Prince Charles Hospital is provided.
Family appeal may be reduced by the single parking space, and that might materially affect value. A premium could be driven by the townhouse format against apartment stock, but strata title and limited outdoor space might temper it. Internal condition, finishes, and layout efficiency are likely to be given significant weight.
>> Comparable Sales: 506/51 Latham Street sold at $805k | Property Price Band: $1.3M–$1.4M | Value Drivers: layout, condition, townhouse format
Detailed Independent Property Report prepared by PropCred Analyst team for 1/57 Latham Street, Chermside QLD 4032
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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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
Bedrooms
3
Bathroom
2
Parking
1
Land
581m²
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