Property Details for 24 Terrace St, New Farm
24 Terrace St, New Farm is a 2 bedroom, 1 bathroom House with 1 parking spaces.
Last Listing description (June 2019)
Make no mistake, here is your opportunity to buy a house at a level never thought possible in New Farm, very much an opportunity for a young family to get into the house market at a completely affordable level.
Currently averaging $869 per week as a short term AirBnB and Stayz rental, this house is one of the most popular rentals in New Farm, perfect for the astute investor who wants to achieve the capital growth of a house and better than the average rental income.
This gorgeous and tastefully renovated cottage offers huge potential in coveted New Farm lifestyle. Its location is so peaceful and convenient it leaves you questioning whether you really do live in the heart of Brisbane's most sought-after inner-city suburb.
This fully air-conditioned two-bedroom home has undergone quality renovations to preserve its original features which give this residence such irresistible charm. The open plan kitchen, equipped with Belling oven/cooktop, stainless steel appliances and ample storage and bench space is ideally positioned for easy entertaining. Its leafy garden terrace allows rarely found privacy, enabling you to enjoy your prize slice of New Farm in peace and tranquillity.
A true New Farm cottage at heart, this is without hesitation one of the best opportunities on the Peninsula. One inspection is all you need to fall in love with this stunning residence - its unrestrained character and charm will blend seamlessly with a modern touch of functionality. Whether you are an astute investor, owner occupier or a young family looking to get into a entry level New Farm house.
Additional features:
* Two bedrooms - one with built-in robes and French doors to verandah
* Modern, renovated bathroom
* Internal European laundry
* Security screens on windows
* Covered carport
* 500 metres from Howard Smith Wharves
* 5+% gross rental yield; unheard of for a house in New Farm
Located in the heart of New Farm, this delightful cottage is just metres from the vibrant and ever-popular cafes, restaurants and bars of Brunswick Street. Close to New Farm Cinemas, Methyr Village, New Farm Park, bustling James Street, River Walk and the new Howard Smith Wharves precinct, this cosmopolitan position offers a lifestyle of convenience right at your fingertips.
Property History for 24 Terrace St, New Farm, QLD 4005
- 19 Feb 2019Listed for Sale Not Disclosed
- 26 Oct 2016Listed for Sale Offers over $869,000
- 29 Jul 2016Listed for Sale Not Disclosed
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0About 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 7,828 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.
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