SOLD
Sold on 19 Mar 2024 for $572,000

1/158 Kent Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 61m2
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Property Details for 1/158 Kent St, New Farm

1/158 Kent St, New Farm is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 61m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
61m2
Land Size
61m2
Local Government
Brisbane
Lot/Plan
1/BUP11007

Last Listing description (May 2024)

This investor-magnet, comprising a ground-floor unit, with two bedrooms and walking distance to all that fashionable New Farm has to offer, is looking for either an astute investor or for someone wanting an inner-city, low maintenance place to call their own.

Access to this spacious freshly painted apartment is from an off-street private car space area in front of the unit, which could easily be converted into two car spaces. One of only 12 units in the complex the practical layout makes excellent use of space. With a combined kitchen, lounge and dining all with good natural light towards the back of the property, there are two good sized bedrooms towards the front as well as a functional bathroom which doubles as a laundry between the two areas.

In need of a little imagination and perhaps a bit of TLC this property is brimming with potential and could easily be converted into something really special. Either a good-sized, one bedroom, one bathroom with a study, or a two bedroom apartment with decent living space in the lounge and kitchen areas to accommodate for example a young couple, single parent, siblings attending university or a single professional. The ground floor element adds to the easy access and sense of space that many buyers seek.

A leisurely bicycle ride into the CBD and the river precinct as well as the vibrant local offerings of James and Brunswick streets and Fortitude Valley, this 61square metre property offers a lovely lifestyle and entree at an affordable price to one of the most highly sought after suburbs in Brisbane.

The unit's brilliant position capitalizes on everything New Farm living has to offer!

Loaded with possibility for the first-home buyer or investor it also has low body corporate fees and plenty of opportunity for capital gains through renovations.

Be quick - due its amazing position and potential this one will not last long on the market!

Property History for 1/158 Kent St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$572,000
19 Mar 2024
Listed for Rent
$370/w
02 Feb 2021
  • 19 Mar 2024
    Sold for $572,000
  • 07 Feb 2024
    Listed for Sale Sold by Nicola Borbasi
  • 25 Nov 2022
    Listed for Rent $440 / week
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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 7,917 properties. Over the last 5 years, Houses in New Farm have seen a 84.06% increase in median value, while Units have seen a 64.44% increase. As at 31 August 2024:

  • The median value for Houses in New Farm is $2,787,119 while the median value for Units is $999,075.
  • Houses have a median rent of $795 while Units have a median rent of $600.
There are currently 49 properties listed for sale, and 50 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in New farm.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.