OFF MARKET

10/40 Gilbey Lane
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 79m2
Land area: 97m2
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Property Details for 10/40 Gilbey Lane, New Farm

10/40 Gilbey Lane, New Farm is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 97m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
Unit
Year Built
2014
Floor Size
79m2
Land Size
97m2
Local Government
Brisbane
Lot/Plan
10/SP245509

Last Listing description (May 2022)

With spectacular north facing views from an exclusive New Farm address, this Architect designed apartment has a spacious 96m2 floor plan.

Gilbey Lane is the best kept secret in New Farm and this unit is positioned on the third floor of a boutique complex with a north facing aspect.

The apartment is ideal for the astute investor or owner-occupier who appreciates quality and lifestyle.

With a fully equipped designer kitchen featuring contrasting sleek white cabinetry, stainless steel Hafele gas cook-top and dishwasher, stone bench-tops with breakfast bar and large pantry.

The open plan and high ceilings maximize the natural light and there is a seamless flow from the living area to the private entertaining balcony that captures sweeping views of the New Farm skyline.

With two generously sized bedrooms both featuring built in wardrobes, the master bedroom has an ensuite and access to the balcony, whilst the second bedroom benefits from a conveniently positioned ensuite and guest bathroom.

Just 2km from Brisbane City, a short walk to New Farm Park, the Riverwalk and dining and entertainment is close by. Howard Smith Wharves and Merthyr Village are only a 10 minute walk.

Other Stylish features include:
- Small four story boutique complex with lift T
- Tiled balcony with laundry and storage hidden behind sliding doors
- Master bedroom access to the balcony through double sliding doors
- Air conditioned living and master bedroom
- Video intercom access; and
- One secure car park

Body Corporate Fees :- $1,315 per quarter
Rates: - $430 per quarter
Currently tenanted until 24 May 2022
Market Rent - $625 - $650 per week

Don't miss out on this fantastic opportunity to purchase in this quiet enclave of New Farm.

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Property History for 10/40 Gilbey Lane, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$780,000
03 Mar 2022
Listed for Rent
$550/w
06 May 2021
  • 03 Mar 2022
    Sold for $780,000
  • 20 Feb 2022
    Listed for Sale Sold - $780,000
  • 24 Apr 2021
    Listed for Rent $550 / 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 7,823 properties. Over the last 5 years, Houses in New Farm have seen a 91.67% increase in median value, while Units have seen a 66.09% increase. As at 30 September 2024:

  • The median value for Houses in New Farm is $2,839,798 while the median value for Units is $1,010,013.
  • Houses have a median rent of $748 while Units have a median rent of $620.
There are currently 36 properties listed for sale, and 33 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 335 properties were sold in the past 12 months in New farm.

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