SOLD
Sold on 15 May 2024 for $2,000,000

14/40 Gilbey Lane
New Farm QLD 4005

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 131m2
Land area: 182m2
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Property Details for 14/40 Gilbey Lane, New Farm

14/40 Gilbey Lane, New Farm is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2014. The property has a land size of 182m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
131m2
Land Size
182m2
Local Government
Brisbane
Lot/Plan
14/SP245509

Last Listing description (May 2024)

This architect designed 3 bedroom 2 bathroom, 2 LUG unit has amazing views of the City skyline and is sure to impress.

Located in a quiet Lane and on the fourth floor, the unit features a large balcony that is perfect for entertaining.

With a large master bedroom including built in robes, ducted air conditioning, block out roller blinds and stunning ensuite with shower.

The combined living and dining is crisp white tiled and the gormet kitchen features Hafele appliances, gas cooketop, dishwasher, integrated mircowave, butlers pantry and modern styled cupboards and stone benchtops.

Other impressive features include:
- Vaulted ceilings with skylight in kitchen
- Spa bath on the deck
- Study / Office at entry
- Integrated BBQ and fireplace on balcony
- Separate storage and laundry
- Secure entry with voice and video intercom
- Ducted air-conditioning throughout
- Double lock up garage with remote

Sorry, no pets and 12 month lease minimum.

Situated in an unbeatable location, with the Little Larder just a moment's walk away and many dozens of cafes and restaurants within walking distance and just a 15 minute walk or 5 minute Lime ride to the CBD.

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Property History for 14/40 Gilbey Lane, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,000,000
15 May 2024
Listed for Rent
$1.25k/w
02 May 2024
  • 15 May 2024
    Sold for $2,000,000
  • 23 Apr 2024
    Listed for Rent $1,250 / week
  • 23 Feb 2024
    Listed for Rent $1,250 / 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 7,918 properties. Over the last 5 years, Houses in New Farm have seen a 86.13% increase in median value, while Units have seen a 62.05% increase. As at 31 July 2024:

  • The median value for Houses in New Farm is $2,716,354 while the median value for Units is $984,042.
  • Houses have a median rent of $775 while Units have a median rent of $600.
There are currently 41 properties listed for sale, and 52 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 343 properties were sold in the past 12 months in New farm.

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