Back 405/40 Playfield Street
Off Market

405/40 Playfield Street

Chermside QLD 4032

2
2
1
0 m²
89 m²
Apartment
Joe HawesJoe Hawes, last sold this property on 09 July 2026 after 59 days on market.

Overview

SOLD by JOE HAWES - BRISBANE PROPERTY PARTNERS

HIGH-YIELD INVESTMENT - PREMIUM QUEST APARTMENT Conveniently located in the heart of thriving Chermside, this outstanding 2-bedroom, 2-bathroom, 1-car "Quest" serviced apartment presents an exceptional opportunity, ideal for astute investors seeking a secure, high-yielding passive income with consistent long-term growth potential. Producing a guaranteed income for the next 2 years plus, this modern dual-key property delivers a super return over 7% p.a. gross. With a respected commercial tenant in place, future growth is assured with a secure long-term lease until 2030, and annual rental increases of 4%, plus 2 additional 5-year tenancy options, combined with great potential for long-term capital gain. Refurbished only 3 years ago, this professionally managed property and complete investment package is designed for effortless, low-risk ownership over the long term, perfect for private investors or self-managed super funds alike, with Body Corporate Administration levies, Strata Insurance, Water Usage and Property Management fees fully paid by the tenant. Property Features: * Versatile configuration, with optional dual-key use as 2 separate apartments * Large combined living/dining; fully air-conditioned; quality finishes throughout * Private balcony, leafy outlook, quiet and elevated level 4 position * Well appointed with 2 spacious bedrooms, large mirrored built-in-robes * 2 bathrooms/laundry, 1 kitchen, 1 kitchenette, 1 secure car parking space * Modern, functional, smart design, ideal for short term or long-term leasing * Wheelchair access; fully furnished and maintained to Quest's high standards * Excellent onsite professional management with a great track record * Gymnasium facilities, reception, lounge and meeting rooms * Fully serviced apartment complex with very high occupancy rates * Secure, well-maintained building with proven reliable investor returns Premier Location: * Stroll to Westfield Chermside and Kedron Wavell Services Club * Convenient to commuter corridors; M3, M7 airport tunnel, and M1 * Approx 11km / 16min drive from Brisbane Airport * Approx 11km / 22 min drive from Brisbane CBD Located in a high-demand accommodation precinct, this property offers an enviable blend of guaranteed returns, long-term stability, low maintenance, and great future growth potential, making it an exceptional acquisition for any property investor. Register your interest today! IF YOU REQUIRE MORE INFORMATION, PLEASE SUBMIT AN EMAIL ENQUIRY TO THE AGENT FROM THIS WEBPAGE, THANK YOU Disclaimer: 1) In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, however Brisbane Property Partners accepts no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained herein. Prospective purchasers should make their own independent enquiries to verify the information contained in this advertisement. Intending purchasers should satisfy themself by inspection or otherwise as to the correctness of the same. 2) The photographs illustrate parts of the property as were apparent at the time taken. Any areas, maps, measurements or distances are approximate.

Features

2 bedrooms
2 bathrooms
1 carspace
1 garage space
0 m² floor area
89 m² lot size
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 405/40 Playfield Street is $780k.

Median value
$780k
Estimated value range
$650k - $989k
Median days on market
21
Estimated value trend
16%
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 405/40 Playfield Street

2026
Sold
Undisclosed
09 Jul 2026 by Joe Hawes, of Brisbane Property Partners

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 33 reviews in Chermside over the last 12 months.

Local market activity for 2 bedroom apartments in Chermside

In the last 12 months, 86 two-bedroom apartments similar to 405/40 Playfield Street, have been sold.

This represents a 13% 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

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent