FOR SALE
Tender Closes 17th January at 5pm

147 Terrace Street
New Farm QLD 4005

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 857m2
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Knockdown Ready, 857m2 Inner City Development Site

Positioned within the highly desirable suburb of New Farm, this exceptional 857 sqm parcel of land offers an unparalleled development opportunity. Zoned for Low-Medium Density Residential (LMR2 - 2/3 storeys), this immense block is splitable, presenting builders, investors, and developers with an enviable chance to craft a grand two or even three-storey residence, or multiple homes in one of Brisbane's most sought-after locales. Just moments from prestigious schools, seamless public transport options, and a wealth of elite dining, shopping, and entertainment precincts, this site promises the potential for breathtaking city views and an upscale lifestyle in the heart of Brisbane.
Summary:
- Rare 857 sqm splitable block ideal for LMR2 (Low-Medium Density, 2/3 storeys) development
- Pristine inner-city position with endless potential for a luxury residence or multiple dwellings
- Phenomenal city views achievable with a grand, elevated build
- Conveniently close to elite schools, top-tier shopping, dining, and entertainment venues
- Prestigious New Farm locale, only minutes from the Brisbane CBD
Set along a picturesque, tree-lined street in one of Brisbane's most celebrated suburbs, this sprawling 857 sqm block is brimming with possibilities for astute investors, visionary developers, and discerning home builders. The large, splitable lot is zoned for Low-Medium Density Residential (LMR2), granting the flexibility to create a single impressive residence or subdivide for additional dwellings, ensuring a high return on investment.
Currently, the block hosts a sizeable double-storey brick home, ready to make way for a magnificent new build that could offer spectacular city vistas from its lofty upper levels. With the freedom to craft an iconic, spacious two or three-storey haven, this block is the ultimate blank canvas for your grand designs.
Situated in a sensational inner-city setting, this property grants its fortunate residents access to an array of first-rate amenities and a lifestyle steeped in leisure and convenience. Here, you can easily stroll to nearby bus stops, prestigious schools, lush parks, the ferry, childcare centres, local shops, and key entertainment and dining districts.
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Property Details for 147 Terrace St, New Farm

147 Terrace St, New Farm is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 857m2. The place is currently for sale with LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt.

Building Type
House
Land Size
857m2

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About New Farm 4005

The size of New Farm is approximately 2.5 square kilometres. It has 4 parks covering nearly 9.1% of total area. The population of New Farm in 2011 was 11,330 people. By 2016 the population was 12,536 showing a population growth of 10.6% in the area during that time. The predominant age group in New Farm is 20-29 years. Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation. In 2011, 40.5% of the homes in New Farm were owner-occupied compared with 39.7% in 2016.

New Farm has 7,920 properties. Over the last 5 years, Houses in New Farm have seen a 81.92% increase in median value, while Units have seen a 65.24% increase. As at 30 November 2024:

  • The median value for Houses in New Farm is $2,890,467 while the median value for Units is $1,023,654.
  • Houses have a median rent of $720 while Units have a median rent of $630.
There are currently 32 properties listed for sale, and 25 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 334 properties were sold in the past 12 months in New farm.

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Karl Gillespie
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Antonio Calderoni
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LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt
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