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Sold on 16 May 2024 for $1,075,000

12/40 Gilbey Lane
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 96m2
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Property Details for 12/40 Gilbey Lane, New Farm

12/40 Gilbey Lane, New Farm is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a land size of 96m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Apartment sold in New Farm in the last 12 months.

Building Type
Apartment
Land Size
96m2

Last Listing description (May 2024)

Discover the pinnacle of contemporary urban living in one of Brisbane's most sought-after neighbourhoods. Nestled within an exclusive boutique complex of just 14 apartments, this residence epitomises the essence of lifestyle living, offering a bespoke sanctuary for discerning individuals seeking comfort and convenience.

Step into the spacious open-plan layout complete with high ceilings that enhances the sense of space, while soothing neutral hues, new paint and lighting throughout complement the design.

The well-appointed designer kitchen, featuring sleek white cabinetry set against timber look accents, stainless steel appliances, and a gas cooktop, seamlessly connects to the living and dining areas.

Providing effortless indoor/outdoor living, the private balcony offers panoramic views of New Farm, the iconic Story Bridge, and Brisbane's CBD.

Two recently re-carpeted bedrooms have been meticulously crafted to offer comfortable retreats. Both bedrooms feature built-in wardrobes, ensuring ample storage space for your belongings. The master bedroom exudes luxury with its private ensuite and convenient balcony access, inviting you to indulge in moments of relaxation. While the second bedroom offers easy access to a nearby bathroom, providing seamless convenience for both residents and guests alike.

With secure parking for two cars, side by side, this residence also offers the convenience of new air-conditioning, double glazed doors and windows, and updated insulation and funky 'Soundchek' ceilings. Furthermore, this pet-friendly complex is designed for convenience and security, featuring video intercom and lift access.

Embrace an active and vibrant lifestyle with scenic river walks and the nearby New Farm Dog Park. Indulge in the fashionable James Street, Howard Smith Wharves, and Merthyr Village precincts, all just minutes away. Esteemed schools, universities, and city-bound bus stops are also conveniently close by, ensuring a seamless connection to everything the city has to offer.

Don't miss out on this exceptional opportunity. Call now to arrange an inspection and secure your place in the sought-after New Farm enclave. Your dream lifestyle awaits!

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property History for 12/40 Gilbey Lane, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,075,000
16 May 2024
Listed for Rent
$620/w
15 May 2018
  • 16 May 2024
    Sold for $1,075,000
  • 09 May 2024
    Listed for Sale For Sale
  • 23 May 2018
    Sold for $687,500
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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 7,818 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.
There are currently 40 properties listed for sale, and 31 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 331 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Contact agent
Aaron Woolard
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Flyn Park
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Place 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.