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Back 22/541 Rode Road
Off Market

22/541 Rode Road

Chermside QLD 4032

2
2
1
Apartment
Last sold for $705,000
Sarah FehlbergSarah Fehlberg, last sold this property on 13 January 2026 after 42 days on market.

Overview

Rare Dual Key Apartment in Chermside - Secure Income, Prime Location

Positioned directly opposite Prince Charles Hospital in Chermside, this rare dual key property offers a premium investment opportunity with guaranteed returns and unique flexibility. Whether you're seeking a clever set and forget investment with dual rental income or planning ahead for future owner occupation where you can live in one unit while renting out the other to cover expenses, this property delivers exceptional value in one of Brisbane's most thriving suburbs. The spacious 1 bedroom apartment features a separate living and dining area, modern bathroom, and air conditioning to stay cool in summer and cosy in winter. Next door, the self-contained studio apartment offers a practical layout, making it ideal for medical professionals, patients attending procedures, or visiting family members needing short stays. Currently under onsite management until 2029 (with the option to extend), this property is part of a well maintained hotel chain, ensuring guaranteed rental income with CPI increases. With no vacancy risk, no letting or re letting fees, and all cleaning and maintenance is handled for you, it's the perfect high yield, hassle free investment. Importantly, under the current management agreement, owners are also entitled to stay in the property for a few nights each year, offering both income security and personal convenience. Lease Details: Leased to UniLodge Australia (Essence Apartments Chermside) Term Ending - 31/8/2029 Option - 3 years + extension Rental Increases - CPI increase each year based on official figure from ABS Current Rent - $3180 per month ($38,160 pa) Body Corporate - $8632 pa Why You'll Love This Property • Dual key flexibility: 1 bedroom apartment + studio apartment on one title • Guaranteed rental income: Onsite management until 2029 with CPI increases • Effortless ownership: No vacancy, no marketing fees, no maintenance hassles • Owner benefits: Ability to stay a few nights each year under current management Location Highlights • Directly opposite Prince Charles Hospital • Walking distance to Westfield Chermside shopping, dining, and entertainment • Easy access to public transport and major arterial roads • 9km to Brisbane CBD • Surrounded by thriving amenities in one of Brisbane's busiest hubs This is more than just an investment, it's a secure income stream today with lifestyle flexibility built in. Properties offering guaranteed returns, dual-key living, and owner stay benefits in such a prime location are rare, and demand is strong. Don't miss your chance to secure 22/541 Rode Road, Chermside - a premium investment with built in financial potential.

Features

2 bedrooms
2 bathrooms
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Chermside over the last 12 months, the estimated median property value of 22/541 Rode Road is $770k.

Median value
$770k
Estimated value range
$596k - $1.1m
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 22/541 Rode Road

2026
Sold
$705,000
Private Sale/Treaty on 13 Jan 2026 by Sarah Fehlberg, of Ideal Property Co

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 2 bedroom apartments in Chermside

In the last 12 months, 87 two-bedroom apartments similar to 22/541 Rode Road, have been sold.

This represents a 16% increase in two-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   (1577 reviews)
  •  7 Reviews in Chermside
  •  3 Sales in Chermside
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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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