11/10 Bailey StreetNew Farm QLD 4005
Property Details for 11/10 Bailey St, New Farm
11/10 Bailey St, New Farm is a 1 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 43m2 and floor size of 46m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (August 2022)
Positioned on the second floor up one wide flight of stairs, in a small boutique complex known as 'Chaseley' which is located on the high end of quiet Bailey Street, this 43 sqm apartment has been thoughtfully updated and well cared for. The on-street parking is plentiful with spaces always available at any time near to the driveway entrance. The apartment has high ceilings, great natural light with leafy green views and comes with an array of additions, including air-conditioning, a new sound-proof front door, a new hot water system, ceiling fan, carpet, plus more. It is peaceful, comfortable and ready for you to move straight in, or rent out as a high yielding investment.
With all of New Farm's gems just a short walk away, including Merthyr Village which is only a two minute walk, this is convenient, inner-city living at incredible value! Call Anthony to book a private inspection on 0430 028 254.
Additional Features:
- Air-conditioning and ceiling fan recently added
- Solid timber 40mm front door with soundproofing
- Fitted external insect mesh window frames throughout
- Excellent kitchen area with good storage and gas cooking
- Secure building with concrete floors and intercom access
- Comes with LG smart washing machine in bathroom/laundry
- Facilities include, bike room, laundry-room, small gym and sauna
- Well managed building with low body corporate fees
- Rental Appraisal $300 - $340 per week
- Over 5% Net Yield in a High Growth suburb
- Low Body Corporate fees, only $495 per quarter when paid on time
- Council Rates $345 per quarter
- Sinking fund balance $93,957 as at May 2022
Property History for 11/10 Bailey St, New Farm, QLD 4005
- 15 Jul 2022Listed for Rent $340 / week
- 30 Jun 2022Sold for $275,000
- 09 Jun 2022Listed for Sale Under Contract
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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 7,919 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.
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