3/138 Chester Road, Annerley QLD 4103

3/138 Chester Road, Annerley QLD 4103
2 bed | 1 bath | 2 car spaces | renovated 1975 unit | leafy back complex position What is competitively strong about this property is the rare provision of two car spaces for a two-bedroom unit in an inner-south suburb, a feature that immediately sets it apart from most older stock where single parking is the norm. The renovated interior with polished concrete floors and built-in wardrobes positions it above original-condition units of the same vintage, and the first-floor back-complex position with a leafy outlook offers a quieter setting than front-facing alternatives. This unit best suits first-home buyers, downsizers, or investors who prioritise parking convenience and low-maintenance living over land ownership, and it fits comfortably within Annerley’s established low-rise unit fabric. Factors that may materially affect the property’s value include the 1975 construction age, which might mean less modern insulation, wiring, or plumbing than newer builds, and the absence of confirmed amenities like a lift, pool, or air conditioning could narrow its appeal for some buyers. The small 11-lot complex suggests limited body corporate scale, which may keep fees modest but also might restrict future capital improvements. The separate toilet and upstairs laundry are practical but may feel dated to those expecting open-plan layouts, so the price should reflect a fair balance between the strong parking and the older building’s limitations.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3/138 Chester Road, Annerley QLD 4103
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Market Insight:

Annerleyโ€™s market is defined by strong demand from young professionals and childless couples, a demographic profile that underpins its dynamic rental sector and owner-occupier appeal. This cohort is driving robust competition, evidenced by rapid sales and sustained price growth across both houses and units. The suburb exhibits a clear price premium for houses, while the unit market offers higher relative yields, indicating diverse investor and entry-level buyer interest. Future momentum is supported by this established demographic base and consistent transaction volume, though the high proportion of renters suggests sensitivity to affordability and investment sentiment shifts.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

2

Land

1mยฒ

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