SOLD
Sold on 11 Jan 2024 for $425,000

3/229 Moray Street
New Farm QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 48m2
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Property Details for 3/229 Moray St, New Farm

3/229 Moray St, New Farm is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 48m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
48m2
Land Size
48m2
Local Government
Brisbane
Lot/Plan
3/BUP12238

Last Listing description (February 2024)

Located in sought after Moray Street, this property is an affordable choice for 1st time buyers or even budget priced investors.

Certainly, this property has loads of appeal or potential and with some sprucing up it would definitely develop into a fabulous inner-city pad.

The unit is built with cool double brick, plastered walls and ornate ceilings. There is a galley style kitchen area with ample cupboard space and gas upright stove. While the bathroom is a little dated, it is still manageable for a while. The main bedroom is very generous in size, has built-ins and the living area is open plan.

In brief;
Grd Floor 1 Bed.+ 1 Bath unit
* Built in full Brick and Concrete
Open plan living with carpets
Cool Nth-East cross flow breezes
Minutes to CBD with Bus at front
Within walking distance to Cafes
Bcc Rates -$482 per1/4, Quu Water - $272 per 1/4
* Body Corporate Strata fees currently -$544 per 1/4

With a modern kitchen, modern bathroom, air conditioning and some other cosmetics, we expect a rental return of $520 per week.

Seller committed to other ventures and wants a sale!

For further information or to arrange an inspection, call today.

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Property History for 3/229 Moray St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$425,000
11 Jan 2024
Listed for Rent
$540/w
27 Feb 2024
  • 11 Jan 2024
    Sold for $425,000
  • 03 Nov 2023
    Listed for Sale UNDER OFFER
  • 18 Jan 2021
    Listed for Rent - Price not available
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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 7,821 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.
There are currently 41 properties listed for sale, and 30 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in New farm.

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