10/18 Buruda Street, Chermside QLD 4032

Top-floor east-facing unit in a 90% owner-occupied block | 83m² with a multi-purpose room | Chermside’s tight unit supply with only 39 sold YTD | Strong rental yield around $575 per week This property’s competitive edge lies in its configuration and positioning. The top-floor aspect with an east-facing balcony and multi-purpose room is rare for a one-bedroom unit, giving it a functional edge over standard apartments in Chermside. The 90% owner-occupied building signals stable neighbours and lower turnover risk, which matters for both liveability and resale. For a buyer seeking a versatile home or a high-yield investment, the MPR offers a study, guest space, or storage,flexibility that typical one-bedrooms lack. The low body corporate fees further improve holding costs, making this unit suitable for owner-occupiers or investors targeting cash flow in a market where median unit prices sit at $590,000. The primary risk is the absence of recent sales comparables in the building, making valuation less transparent despite the $811,000 estimate. The 28% population aged over 60 in Chermside suggests a tenant pool skewed toward downsizers or retirees, which may limit rental demand for a one-bedroom with an MPR compared to two-bedroom units. However, the 5G coverage and proximity to Wavell Heights State School add practical appeal for professionals or small families. The opportunity is to leverage the MPR as a differentiator in a low-supply market,list it as a home office or guest room to command above-median rent. Hold this property for steady rental income or owner-occupancy; its layout and block quality support long-term value without major redevelopment pressure.