9/12-20 Ballantine Street, Chermside QLD 4032

High-Yield Dual-Key Property with Value-Add Upside

Apartment
Type
2
Bedrooms
2
Bathrooms

Last updated on Monday, August 17, 2026 ( See property details for 9/12-20 Ballantine Street, Chermside QLD 4032)

$650,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-key apartment in Chermside offering excellent investment potential, modern comforts, and future development options.

🏡 Property Highlights

  • Dual-key configuration offering flexible living and investment options
  • Two fully self-contained apartments with private entrances
  • Elevator access to the upper-level unit for convenience
  • Potential for renovation and reconfiguration to maximise value
  • Possible future separation into individual titles (STCA)
  • Prime Chermside location close to Westfield, transport, and amenities

✨ Key Features

  • Balcony
  • Open-Plan Living
  • Ceiling Fans
  • Split System Air Conditioning
  • Outdoor Area
  • Ensuite
  • Built-in Robes
  • Security Screens / Gates
  • Low-Maintenance Yard
  • Waterfront / Views

Chermside is a vibrant suburb renowned for its excellent shopping, dining, and transport links. It offers strong rental demand due to its proximity to Westfield Chermside and major arterial roads. The area features parks, schools, and community facilities, making it ideal for families and investors alike. Chermside's growth trajectory is supported by ongoing development and infrastructure improvements, ensuring long-term value appreciation.

Can I renovate or reconfigure the apartments to increase rental income?
Yes, there is scope to renovate and reconfigure both residences to maximise rental returns or future capital value, subject to council and body corporate approval.
Is there potential to separate the two apartments into individual titles?
Yes, subject to council and body corporate approval, there is potential to explore separating the two apartments onto individual titles, unlocking additional resale value.
What amenities are nearby?
The property is conveniently located close to Westfield Chermside, public transport, parks, schools, and major arterial roads, ensuring strong tenant demand and accessibility.
What are the key features of the apartments?
Both units feature ceiling fans, split system air-conditioning, private entrances, and outdoor or balcony spaces, providing comfort and privacy.
Is the property suitable for multi-generational living?
Yes, the dual-key configuration makes it ideal for multi-generational living or for generating dual income streams.
Are there any restrictions or approvals required from the council or body corporate for renovation or subdivision? What are the ongoing body corporate fees and special levies, if any? Are there any existing defects or maintenance issues with the property? Is the property located in a flood or bushfire-prone area? Are there any zoning restrictions or easements affecting future development or subdivision? What are the costs associated with potential future subdivision or titling? Are there any upcoming planning or development proposals in the area that could impact the property? Is the property compliant with all relevant building and safety standards? Are there any restrictions on the use of the property under the Department of Housing accreditation? What are the long-term maintenance and upgrade costs associated with the property?

9/12-20 Ballantine Street, Chermside QLD 4032 - More Details

High-Yield Dual-Key Property with Value-Add Upside

Positioned in the heart of Chermside, this rare dual-key residence at 9/12-20 Ballantine Street presents an outstanding investment or lifestyle opportunity on a single title. Offering two fully self-contained one-bedroom/studio apartments across two levels (Unit 9 and Unit 31), this versatile property delivers flexibility, strong rental appeal, and the potential for dual income.

Unit 31, the upper-level apartment, is easily accessible via elevator, providing convenience and broad tenant appeal. It features a light-filled open-plan layout with a well-appointed kitchenette, private bathroom, and comfortable living/sleeping zone. Complete with ceiling fans and a split system air-conditioning unit, it ensures year-round comfort with low-maintenance ease.

Downstairs in unit 9, the studio offers its own private entrance along with a valuable outdoor patio-perfect for relaxing or entertaining. Also equipped with ceiling fans and split system air-conditioning, this residence mirrors the functionality of the upper level while adding the bonus of private outdoor space and enhanced privacy.

Whether you're an investor looking to maximise returns or an owner-occupier wanting to live in one and rent out the other, this property ticks all the boxes. The dual-key configuration allows for independent leasing, increasing yield potential while maintaining flexibility.

Adding even further appeal, there is exciting scope to renovate and enhance both residences to maximise rental returns or future capital value. There is also be potential (subject to council and body corporate approval) to explore separating the two apartments onto individual titles-unlocking additional value and resale flexibility.

Situated in a highly sought-after location, you'll enjoy close proximity to Westfield Chermside, public transport, parks, schools, and major arterial roads, ensuring strong tenant demand and long-term growth.

Key Features:

• Dual-key property on one title
• Two self-contained studio/1-bedroom apartments
• Elevator access to upper-level residence
• Private patio for the downstairs apartment
• Ceiling fans and split system air-conditioning in both units
• Separate entrances for each residence
• Value-add potential via renovation or reconfiguration (STCA)
• Possible future individual titling opportunity (STCA)
• Ideal for dual income or multi-generational living
• Low-maintenance investment opportunity
• Prime Chermside location close to amenities

Currently tenanted for $560pw
Council Rates: $585.49 per QTR approx
Body Corporate Fees: 1,980.3 per QTR

Please note, the scheme has accreditation with the Department of Housing as accommodation for "independent living for ages 55 and over" and only permits single occupancy based on the NCC.
Type
Apartment
Bedrooms
2
Bathrooms
2
Area
0.0

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