OFF MARKET

166 Merthyr Road
New Farm QLD 4005

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 400m2
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Property Details for 166 Merthyr Rd, New Farm

166 Merthyr Rd, New Farm is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 400m2. While the property is not currently for sale or for rent, it was last sold in February 2017.

Building Type
House
Year Built
1980
Land Size
400m2
Local Government
Brisbane
Lot/Plan
92/RP9138

Last Listing description (May 2024)

In one of the most exceptional riverfront lifestyle precincts, metres from the popular riverwalk and the delights of James Street, exists this extraordinary opportunity to achieve impressive gains. Updated by the current owners to present as a gorgeous inner-city home, there remains a multitude of exciting options to renovate and extend/raise (STCA).

The hero of this property is its location, being within walking distance of the CBD, Howard Smith Wharves, New Farm Park, Merthyr Village, James Street, Gasworks, and a ferry to Bulimba's Oxford Street. A regular bus service connects beyond the city to South Bank and West End, while it's less than 20 minutes to Brisbane Airport and major coastal routes.

This ultimate investment property currently offers three bedrooms, an open-plan kitchen/dining/living, sunroom with study nook, family bathroom, and a large rear covered timber deck overlooking the heated swimming pool bordered by limestone pavers, stunning breeze blocks and lush palm fronds.

For the fantastic proximity to the best of Brisbane, there's an incredible level of privacy. Storage is also at a premium courtesy of a garage spanning the entire footprint of the home. This extends out to a covered patio and a level backyard offering ample space for not only the pool, but a trampoline as well as turf for little ones and pets.

A must-inspect property for savvy buyers seeking opportunity and lifestyle, 166 Merthyr Road, New Farm offers but is not limited to;

? 400sq m property in arguably Brisbane's best riverfront lifestyle precinct
? Level block with heated swimming pool and landscaped gardens
? Updated home offering potential to renovate, extend, raise (STCA)
? Secure garage with enormous under house storage
? Timber flooring, high ceilings, VJs, ceiling fans, ducted air-conditioning and heating, solar power system
? 3km to CBD, 2km to Howard Smith Wharves, 750m to New Farm Park
? 550m to New Farm State School, 550m to Holy Spirt School
? Less than 200m to the brilliance of James Street and the popular riverwalk
? Walk to a CityCat and ferry, reliable bus service metres from the door
? Within 20 minutes of Brisbane Airport and major coastal links

To obtain further information or to arrange a private inspection, please contact Tom Lyne on 0423 696 862.

Property History for 166 Merthyr Rd, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$987,500
23 Feb 2017
  • 02 May 2024
    Listed for Sale For Sale
  • 23 Feb 2017
    Sold for $987,500
  • 25 Jan 2017
    Listed for Sale Under Contract (under offer)
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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 7,920 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 32 properties listed for sale, and 25 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 334 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.