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Sold on 10 Jan 2024 for $810,000

4/530 Lower Bowen Terrace
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 4/530 Lower Bowen Tce, New Farm

4/530 Lower Bowen Tce, New Farm is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Apartment sold in New Farm in the last 12 months.

Building Type
Apartment
Local Government
Brisbane
Lot/Plan
4/BUP8768

Last Listing description (January 2024)

A beautifully renovated 2 bedroom, 2 bathroom apartment is nestled in a boutique complex of 8 apartments in the ideal New Farm location. This thoughtfully designed space seamlessly combines classic appeal with contemporary flair. The unit boasts a fresh and stylish interior, featuring an open-concept layout, polished concrete floors, porcelain benchtops and bright wood panelling that maximizes both space and natural light.

The kitchen, adorned with sleek countertops, gas cooktops, and stylish backsplashes, is a culinary haven for both novice cooks and seasoned chefs. The bathrooms have been completely renovated with style and comfort in mind with additional storage, rain shower, and porcelain finishes throughout.

Property Features:

• Exclusive use of back courtyard
• Built-in storage
• Polished concrete floors
• Gas cooktop
• Ducted Air-con
• Updated appliances
• Exclusive use of rear courtyard
• Rain shower head
• Rental appraisal: $670 - $720

Complex Features:

• Pet Friendly
• Small complex of eight units

Location Features:

• Walking distance from transport including express bus and ferry
• Around the corner from New Farm Park and the Bowls Club
• Less than three kilometres from the Brisbane CBD
• Prime location only minutes from entertainment and shopping precincts including Merthyr Village, New Farm Cinemas, New Farm Park Brisbane Powerhouse, James Street and Howard Smith Wharves
• School district for this property include; Anglican Church Grammar School, Lourdes Hill College, All Hallows' School, New Farm State School, Coorparoo Secondary College, and Norman Park State School

The boutique complex of eight units ensures a sense of community while providing privacy and tranquillity. With convenient access to local amenities and a prime location embrace the perfect blend of modern living and timeless charm in this meticulously crafted 2-bed, 2-bath brick apartment.

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Property History for 4/530 Lower Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$810,000
10 Jan 2024
Listed for Rent
04 Jul 2024
  • 21 May 2024
    Listed for Rent $725 / week
  • 14 Dec 2023
    Sold for $810,000
  • 21 Nov 2023
    Listed for Sale Sale by Negotiation
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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 7,823 properties. Over the last 5 years, Houses in New Farm have seen a 91.67% increase in median value, while Units have seen a 66.09% increase. As at 30 September 2024:

  • The median value for Houses in New Farm is $2,839,798 while the median value for Units is $1,010,013.
  • Houses have a median rent of $748 while Units have a median rent of $620.
There are currently 36 properties listed for sale, and 33 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 335 properties were sold in the past 12 months in New farm.

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