104/39 Thomas Street, Chermside QLD 4032

104/39 Thomas Street, Chermside QLD 4032
1-bedroom Evolve apartment | 65sqm internal | 116sqm total footprint | rare high-end configuration in Chermside This unit occupies a distinct position in the Chermside market. The 116sqm total footprint, rare for a one-bedroom in the Evolve complex, signals a floor plan that likely includes generous living zones, a substantial balcony, or storage that most comparable units lack. For a buyer seeking a larger-than-standard one-bedroom with a single car space in a well-located complex near Westfield Chermside and transport, this property offers a configuration edge that reduces competition from typical compact units. It suits a professional or downsizer who prioritises space over a second bedroom, and who values the exclusivity of a floor plan described as the only one of its kind in the building. The 65sqm internal area is modest by absolute standards, and the 116sqm total may include balcony or common areas that do not add equivalent living value. The propertyโ€™s sale in early 2023 and current listing suggest a holding period that may not reflect recent market softening in Brisbane apartments. Buyers should verify the actual usable internal square metres and any body corporate restrictions on alterations. The commercial logic is to negotiate based on the 65sqm core, not the total figure, and to treat the larger footprint as a lifestyle premium rather than a valuation multiplier. Hold this property as a long-term inner-north base or rent it to a tenant who values space over location proximity to the city.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Chermside is a high-density, transit-oriented suburb undergoing significant urban renewal, attracting a predominantly single, renting demographic. Demand is driven by its vibrant lifestyle and strategic location, with strong investor activity evident in the rapid sales of units. The market exhibits robust price growth across both houses and units, supported by tight rental conditions and rising yields. Future growth is underpinned by council-backed plans for continued commercial and residential densification, though this development focus may present long-term supply and affordability considerations.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

1934mยฒ

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