1/46 Merthyr RoadNew Farm QLD 4005
Property Details for 1/46 Merthyr Rd, New Farm
1/46 Merthyr Rd, New Farm is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1969. The property has a land size of 86m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Unit sold in New Farm in the last 12 months.
Last Listing description (October 2024)
Within easy reach of a plethora of amenities and based in a solid community with reasonable body corporate fees, this entity will suit all types of buyers.
Add to your portfolio or buy as your principal place of residence knowing that once renovated, it's value will grow promptly.
The 1970's "Merthyr Lodge" holds 10 units and ours is a simple, second floor walk-up which not only includes secure garage spot but an additional car space.
Stonetop benches in the kitchen, built-in robe in the bedroom and two ceiling fans plus secured windows are positive inclusions.
It is also complimented with neatly tiled bathroom/toilet, basic internal laundry and a sizeable lounge/dining opening to a lovely enclosed balcony.
Placed within Fortitude Valley High/New Farm Primary school catchment and walking distance to Citycats, cafes, shops, parks and bus transport, the position is highly desirable.
Whether searching for a simple investment option to modernise and enrich or an entity more affordable than a house in this affluent suburb, do not miss this auction.
Lot: 1 BUP: 395 Brisbane City Council
Rates: $424 qtrly (approx. with no discounts/water)
Body Corporate Fees: Admin=$665 and Sinking=$273 per quarter (approx.with Sinking Fund=$92,900)
Compliant smoke alarms have been installed.
Auction Terms: Cash, Unconditional-5% deposit via EFT on auction day-42 day settlement (lesser timeframe can be requested after purchase).
*NO OFFERS CONSIDERED PRIOR TO PUBLIC AUCTION NOR ARE PRICE EXPECTATIONS APPROVED TO BE CONVEYED*
As per legislation governed by 2014 Property Occupations Act, we cannot disclose price expectations for sales via public auction in QLD.
**ALL OTHER INSPECTIONS BY APPOINTMENT (B&P may be arranged after first advertised open inspection-have your chosen organisation contact QPT to make appt).**
Property History for 1/46 Merthyr Rd, New Farm, QLD 4005
- 23 Oct 2024Sold for $565,000
- 20 Sep 2024Listed for Sale Auction On-Site Wednesday 23rd October at 2:30pm
- 28 May 2007Sold for $280,000
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0About 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 7,821 properties. Over the last 5 years, Houses in New Farm have seen a 84.90% increase in median value, while Units have seen a 69.17% increase. As at 31 October 2024:
- The median value for Houses in New Farm is $2,850,184 while the median value for Units is $1,018,069.
- Houses have a median rent of $725 while Units have a median rent of $625.
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