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Sold on 02 Aug 2024 for $890,000

3/40 Gilbey Lane
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 136m2
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Property Details for 3/40 Gilbey Lane, New Farm

3/40 Gilbey Lane, New Farm is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Floor Size
136m2
Local Government
Brisbane
Lot/Plan
3/SP245509

Last Listing description (August 2024)

This architect designed 2 bedroom 2 bathroom unit has amazing views of the City skyline, and is sure to impress.

Located in the exclusive and whisper quiet Gilbey Lane, on the first floor, this unit features a large 47m2 balcony that is perfect for entertaining.

With a spacious master bedroom that has access to the balcony, you will love the view of the established Pandanus tree. The master bedroom also includes mirrored built in wardrobes robes, air conditioning, block out roller blinds and stunning ensuite with shower.

The combined living and dining features crisp white tiles and the gourmet kitchen features Hafele appliances, gas cooktop, dishwasher and modern styled cupboards, an island bench and stone benchtops.

Other impressive features include:
- Storage and laundry hidden behind louvered sliding doors on balcony
- Secure entry with voice and video intercom
- Air-conditioned living and both bedrooms
- Secure car park for one car

Situated in an unbeatable location, with cafes and restaurants just a moment's walk away and many dozens of cafes and restaurants within walking distance and just a 20 minute walk along the cliffs or riverwalk to the City.

Property History for 3/40 Gilbey Lane, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$890,000
02 Aug 2024
Listed for Rent
$800/w
10 Jul 2024
  • 24 Jul 2024
    Sold for $890,000
  • 09 Jul 2024
    Listed for Rent $800 / week
  • 10 Jun 2024
    Listed for Sale $890,000
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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.

Suburb Insights for New Farm 4005

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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.