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Back 204/40 Playfield Street
Off Market

204/40 Playfield Street

Chermside QLD 4032

1
1
1
54 m²
Apartment
Last sold for $505,000
Cara BergmannCara Bergmann, last sold this property on 14 November 2025 after 9 days on market.

Overview

Exceptional Investment Opportunity in the Heart of Chermside

PLEASE NOTE TO VIEW THE PROPERTY IS BY APPOINTMENT ONLY - This property is offered exclusively as an investment opportunity. Occupancy or personal residence is not allowed. This is a fantastic investment opportunity for anyone seeking strong returns and long term growth potential. Currently leased by the reputable Quest Hotel chain with a secure lease in place until 2030 and an option to extend, this property provides consistent income in one of Brisbane's most in demand locations. Perfectly positioned in the vibrant hub of Chermside, this modern and well maintained apartment sits within a secure complex featuring a gym and excellent onsite facilities. The location offers unbeatable convenience, being right next to the Chermside bus interchange, providing direct transport access across Brisbane. Key Features: • Tiled open plan kitchen and living/dining area with LG air conditioning. • Modern kitchen featuring Fisher & Paykel stainless steel oven, Fisher & Paykel half stainless steel dishwasher, stainless steel rangehood, electric ceramic cooktop and ample storage. • Carpeted bedroom and living/dining areas with sheer and blackout curtains. • Bedroom includes a walk in robe with mirrored doors, LG air conditioner and TV mount. • Spacious bathroom with disabled access and modern fittings. • Balcony with a leafy outlook and small ramp for easy access. • Generous internal storage options throughout the apartment. • Gym within the building for residents' exclusive use. • Secure swipe key entry and allocated car parking for both residents and guests. Additional Features: • Modern lighting and finishes throughout. • Convenient lift access within the complex. • Fully secure car accommodation. Approximate Distances: • Westfield Chermside, 0.2km • Chermside Aquatic Centre, 0.3km • Kedron-Wavell Services Club, 0.3km • Wavell Heights State School, 1.6km • Chermside Bus Interchange, 0.2km • Brisbane CBD, 7.5km Approximate Fees: • Rates $508.65 per quarter • Water $364.83 per quarter • Body Corporate $475 per quarter This property presents a secure, hands off investment opportunity in one of Brisbane's most connected suburbs. With a long term lease in place until 2035 and the strength of the Quest brand behind it, investors can enjoy reliable rental income and peace of mind for years to come. Cara Bergmann Properties provides expert property management services tailored to your investment needs. Contact us today for further details on this outstanding investment opportunity. All information contained herein is gathered from sources we believe to be reliable, however we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
54 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Chermside over the last 12 months, the estimated median property value of 204/40 Playfield Street is $590k.

Median value
$590k
Estimated value range
$492k - $730k
Median days on market
16
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Chermside. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 204/40 Playfield Street

2025
Sold
$505,000
Private Sale/Treaty on 14 Nov 2025 by Cara Bergmann, of Cara Bergmann Properties

Happy sellers in Chermside

93%
93% of sellers in Chermside reported that their sale price either exceeded or met their price expectations.

Chermside stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in Chermside over the last 12 months.

Local market activity for 1 bedroom apartments in Chermside

In the last 12 months, 23 one-bedroom apartments similar to 204/40 Playfield Street, have been sold.

This represents a 4% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Chermside

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Peter Robertson

Sellers who recommend Peter Robertson have praised them for being local expert, clear communication, honest, responsive, great negotiation, reliable and supportive

  •   4.9   (127 reviews)
  •  7 Reviews in Chermside
  •  41 Sales in Chermside
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Cara Bergmann

Sellers who recommend Cara Bergmann have praised them for being clear communication, local expert, responsive, supportive, friendly, reliable and honest

  •   4.9   (1576 reviews)
  •  7 Reviews in Chermside
  •  3 Sales in Chermside
View profile
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Daniel Hooper

Sellers who recommend Daniel Hooper have praised them for being clear communication, local expert, responsive, honest, great negotiation, hard-working and well-prepared

  •   5   (225 reviews)
  •  4 Reviews in Chermside
  •  5 Sales in Chermside
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Emily Magee

Emily Magee is a recommended agent for Chermside.  They have 3 local sales and collected 4 local reviews across the last 12 months.

  •   5   (46 reviews)
  •  4 Reviews in Chermside
  •  3 Sales in Chermside
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