OFF MARKET

151 Sydney Street
New Farm QLD 4005

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
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Property Details for 151 Sydney St, New Farm

151 Sydney St, New Farm is a 4 bedroom, 2 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
House

Last Listing description (December 2023)

Presenting a unique offering in the New Farm landscape, this character home presents an opportunity to knock down and build a brand-new house or development 100m from New Farm Park.

With DA Approval in place to build 3 luxury whole-floor 4-bedroom apartments, including a penthouse with a private rooftop, you can take advantage of the hard work already done and create a boutique development in this exclusive riverside setting.

The current house is immediately liveable and features a collection of retained character features, allowing you to move straight in or rent out and benefit from rental income while you plan your transformation.

Positioned in New Farm's esteemed Sydney Street, this home presents a premier opportunity on the peninsular. Just 100m from New Farm Park, you have fun and recreation
on your doorstep, including sprawling greenery, gardens, tennis courts, a dog park, playgrounds, Brisbane Powerhouse, the CityCat, and the scenic Riverwalk.

Cafes, restaurants and shops are 500m away at Merthyr Village, and you can venture to nearby James Street, Teneriffe and Howard Smith Wharves. Just 3km from the CBD, 1km to New Farm State School and close to private colleges, this property offers but is not limited to:

- Character home on 506sqm only 100m from New Farm Park
- Opportunity to knock down and build a new home or development
- DA Approval for 3 luxury whole-floor apartments serviced by a lift
- Each apartment will feature 4 bed, 3 bath and 2-car parking
- Penthouse with a private rooftop, plus a communal pool in the building
- Current house features 3 bed, 2 bath and 1-car lock-up parking
- Retained character features, 2 living areas and under-house storage
- Walk to park, Brisbane Powerhouse, Riverwalk, CityCat and buses
- Close to Merthyr Village, James Street, CBD and top schools

Summary of Development Approval:

- Inspired by the nostalgia of a European postcard, the project is branded "Modena"
- 3 x 4-Bedroom/4-Bathroom/2-Car (Whole Floor) Luxury Residences
- Residence 1 (Level 1) - 211.6m²* (176m²* Internal + 31.6m²* External + 4m²* Storage)
- Residence 2 (Level 2) - 199.5m²* (158m²* Internal + 39.2m²* External + 2.3m²* Storage)
- Residence 3 (Level 3/Roof Terrace) - 224.1m²* (158m²* Internal + 39.2m²* External + 23.2m²* Roof Terrace + 3.7m²* Storage)
- Designed by Surry Hills Sydney based PTI Architecture
- DA Currency Period - Ends 18 September 2028

Auction, 14th December, Level 26, 111 Eagle Street, Brisbane, QLD, 4000 at 4:00pm.

To obtain further information, please contact Pat Goldsworthy on 0413 345 755.

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 151 Sydney St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,525,000
14 Dec 2023
Listed for Rent
$700/w
26 Oct 2022
  • 14 Dec 2023
    Transferred for $2,525,000
  • 20 Nov 2023
    Listed for Sale Auction Thursday 14 December 2023
  • 24 Aug 2023
    Listed for Sale Not Disclosed
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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 7,919 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.
There are currently 31 properties listed for sale, and 25 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 338 properties were sold in the past 12 months in 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.