510 Webster Road, Chermside West QLD 4032
510 Webster Road, Chermside West QLD 4032
3 bed, 1 bath on 634m² | 154m² build with under-house space | Renovated with polished floors and fresh paint | Family-oriented suburb near schools and Chermside | Modest yield, strong owner-occupier appeal
This house offers a practical, move-in-ready package for a family buyer. The 634m² block is a solid size for Chermside West, and the 154m² floorplan includes a study, balcony, and built-in robes—functional touches that suit daily living. The partial renovation, including polished floorboards, new paint, ceiling fans, and an updated bathroom vanity, removes immediate work while leaving room for personal updates. The under-house area adds flexible storage or future extension potential, which broadens its appeal. It sits in a well-established suburb with strong school catchments, bus access, and proximity to Chermside’s shopping and hospital precinct, making it a reliable choice for families seeking convenience without a premium price tag.
The property’s value may hinge on its older construction and modest building footprint relative to the land. The 1-bathroom layout could limit appeal for some buyers, though the study and balcony add flexibility. The low rental yield around 2.5% suggests this is better suited to owner-occupiers than investors. Its position on a quiet residential street, with a fully fenced yard and dual access, may support future redevelopment potential, but that depends on council planning rules. The 3-bedroom configuration is standard for the area, so differentiation will come from condition and presentation rather than size.
|| Comparable Sales: 11 Culworth Street sold $705k in 2021; 705 Webster Road sold $900k after 13 years | Property Price Band: $1.0M–$1.1M | Value Drivers: Land size, renovated condition, under-house space, school catchment location
Detailed Independent Property Report prepared by PropCred Analyst team for 510 Webster Road, Chermside West QLD 4032
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Chermside West’s house market is tight: median price $1,231,500, up 13.5% annually, with 89 sales in the past year and a typical 10-day selling period. Demand is led by middle-to-upper-middle-income buyers, with owner-occupiers and investors drawn to $750 weekly rents and a 3.34% gross yield. Supply is scarce—only 9 listings last month—while proximity to Brisbane’s major transport routes sustains interest. Recent sales like 16 Knutsford Street at $1,246,000 underline strength in family-sized homes. Key risks are affordability and rate sensitivity: a $1.2 million median strains buyers, 48% of owners hold mortgages, and yields remain modest against borrowing costs.
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PropCred Estimated Value
Comparable Sales: 11 Culworth Street sold $705k in 2021; 705 Webster Road sold $900k after 13 years | Property Price Band: $1.0M–$1.1M | Value Drivers: Land size, renovated condition, under-house space, school catchment location
Bedrooms
3
Bathroom
1
Parking
4
Land
610m²
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