39 Browne StreetNew Farm QLD 4005
Property Details for 39 Browne St, New Farm
39 Browne St, New Farm is a 4 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1960. The property has a land size of 577m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in March 2016.
Last Listing description (April 2016)
A new opportunity has arisen for our vendor and a successful sale is required, we have crunched the numbers, and this is the cheapest house per square meter to hit the market in 2016.
This rare investment or renovation opportunity has presented itself in the gentrified heart of New Farm. This converted residence currently benefits from a dual income stream, the current owner has been renting it out for a combined total of $840 per week. Both units have two bedrooms, tidy bathrooms and kitchen. Polished timber floors throughout and a generous sized entertainment patio overlooking the elevated back yard.
Perched on a generous 577m2, this block represents exceptional value. Whether you are looking to take advantage of the already established rental income and set and forget, or renovate and turn into an amazing contemporary family home, rest assured your investment of time and money will be well spent.
With a motivated owner wanting a timely result, this is an incomparable opportunity to secure an affordable inner-city land holding. Don t be mistaken, this property will be sold and your urgent attention should be given.
Property History for 39 Browne St, New Farm, QLD 4005
- 26 May 2016Listed for Rent - Price not available
- 05 Mar 2016Sold for $1,145,000
- 04 Feb 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 7,920 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.
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