305/11 Playfield Street Chermside QLD 4032

2-bedroom, 2-bathroom unit | 92sqm internal | 60% owner-occupied building | Chermside’s strongest buyer demographic This property’s competitive edge lies in its configuration and building profile. A true two-bedroom, two-bathroom layout at 92 square metres is rare in Chermside’s newer stock, where smaller one-bathroom units dominate. The 60% owner-occupier ratio signals a stable, well-maintained building that appeals to both live-in buyers and cautious investors. Located in the Wavell Heights State School and Wavell State High School catchments, it serves families seeking a lock-and-leave option near good public schooling. The local population skews heavily toward the 20-39 age bracket, aligning with first-home buyers and young professionals who value proximity to amenities and public transport. The primary risk is the absence of recent comparable sales in this building, making valuation uncertain. The 0% auction clearance rate for Chermside two-bedroom units suggests softening demand, and the average 13-day time on market implies buyers have negotiating room. The 2016 last sale date means the current owner may have held through a flat cycle, potentially reducing price flexibility. However, the 92-square-metre floor plan and two-bathroom configuration are undersupplied in this price bracket, giving a buyer leverage to negotiate below asking. Hold for medium-term capital growth tied to Chermside’s ongoing densification, or use as a low-maintenance rental with strong tenant demand from the dominant 20-39 cohort.