162 Terrace St, New Farm is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 282m2.
602m2 of New Farm's finest has become available for the first time! The executors are saying good bye to the house that has looked after them for so long. A block with this size and amount of potential in Brisbane's premier suburb can't be overlooked. Unashamedly New Farm's best valued renovator cottage, this could be your opportunity to get what people work so hard for, a large parcel of New Farm to call their own. With frail bones and side vehicle access this is as much of a blank canvas as you can get.
Situated in the one of the trendiest spots in inner city Brisbane, this product oozes potential and possibility. Take advantage of renovated cottage sales and look at capitalizing by on-selling or live in the masterpiece that you create. Or split and renovate the front and build new out the back (STCA)!
It's no secret that this house needs plenty of work, but if you are looking to get into the New Farm house market, this is a must inspect. Situated meters from the ever growing James Street precinct and New Farm's best cafes and true walking distance to the CBD, convenience is off the essence of this home.
To re-iterate the instructions are clear, this will be selling at price the market determines. Opportunities like this are seldom found. This New Farm Gem presents an exciting opportunity to live in now and capitalise over the coming years, so don't overlook this opportunity for a great buy.
Make no mistake; either way, this will be bought and transformed into something truly spectacular. This house is perfect for those with an exceptional vision for the bigger picture. Don't miss out on this quality New Farm house, just a heartbeat away from the CBD, and within walking distance to all the restaurants and amenities that New Farm has to offer.
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 7,824 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:
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