SOLD
Sold on 28 Feb 2024 for $2,550,000

1/131 Merthyr Road
New Farm QLD 4005

Bedrooms: -
Bathrooms: 1
Car spaces: -
Land area: 442m2
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Property Details for 1/131 Merthyr Rd, New Farm

1/131 Merthyr Rd, New Farm is a 0 bedroom, 1 bathroom Unit. The property has a land size of 442m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 0 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Land Size
442m2
Local Government
Brisbane
Lot/Plan
1/SP231000

Last Listing description (June 2023)

A rare opportunity exists to purchase a residential accommodation facility in a prized New Farm position. There is scope for the astute investor to capitalize on this property.

- 26 rooms (Single & Double)
- Kitchen facilities

- Private Courtyard in landscaped garden
- Recently re-roofed / Solar Panels
- Central New Farm location

New Farm is located approximately 2kms east of the CBD and borders the suburbs of Newstead, Teneriffe and Fortitude Valley. It is one of Brisbane's most popular and features an eclectic mix of character properties and new residential unit developments. It is well serviced by amenities, retail and public transport.

Please contact Marketing Agent Chris Esdale for further information to schedule your inspection.

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Property History for 1/131 Merthyr Rd, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,550,000
28 Feb 2024
  • 28 Feb 2024
    Sold for $2,550,000
  • 16 Oct 2018
    Listed for Sale $2.3M
  • 09 Jan 2015
    Sold for $1,820,000

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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 24 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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