55+ occupancy by law - each unit is single occupancy only | units 9 & 31 on one strata title.

Important: Occupancy is restricted by scheme by laws to individuals aged 55 years and over, single occupancy only per dwelling; ownership is unrestricted, and rentals are permitted to eligible 55+ tenants under standard RTA agreements.

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. 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 further appeal, there is exciting scope to renovate and enhance both residences to maximise returns or future capital value. There is also the 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.

Key Features:

• Dual-key property on one title (Units 9 & 31)
• 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)
• 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.

Inspections

Explore the area

View in Google Maps

School catchments

Wavell Heights State School Primary Prep-6 Government 0.47km
Our Lady of the Angels' School Primary Prep-6 Catholic 0.92km
Wavell State High School Secondary 7-12 Government 1.4km
Geebung State School Primary Prep-6 Government 1.5km
St Kevin's School Primary Prep-6 Catholic 1.7km
Craigslea State School Primary Prep-6 Government 2.0km
Craigslea State High School Secondary 7-12 Government 2.2km
Somerset Hills State School Primary Prep-6 Government 2.2km
St Dympna's Parish School Primary Prep-6 Catholic 2.3km
Kedron State School Primary Prep-6 Government 2.3km
Zillmere State School Primary Prep-6 Government 2.4km
Mount Alvernia College Secondary 7-12 Catholic 2.4km
Virginia State School Primary Prep-6 Government 2.4km
St Anthony's School Primary Prep-6 Catholic 2.6km
Padua College Combined 5-12 Catholic 2.7km
Nundah State School Primary Prep-6 Government 2.8km
St Joseph's School Primary Prep-6 Catholic 2.8km
Aspley State School Primary Prep-6 Government 2.8km
Mary MacKillop College Secondary 7-12 Catholic 3.0km
Kedron State High School Secondary 7-12 Government 3.3km
Jabiru Community College Secondary 10-12 Independent 3.4km
Aspley State High School Secondary 7-12 Government 3.4km
St Joseph's Nudgee College Combined 5-12 Catholic 3.8km
Clayfield College Combined Prep-12 Independent 4.1km
Aviation High Secondary 7-12 Government 4.1km
Mastery Schools Australia - Taigum Secondary Temporary Facility Secondary Independent 4.1km
Holy Spirit College Secondary 7-10 Catholic 4.3km
Earnshaw State College Combined Prep-12 Government 4.5km
Everton Park State High School Secondary 7-12 Government 4.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.