OFF MARKET

49 Sydney Street
New Farm QLD 4005

Bedrooms: 10
Bathrooms: 9
Car spaces: 1
Floor area: 40m2
Land area: 980m2
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Property Details for 49 Sydney St, New Farm

49 Sydney St, New Farm is a 10 bedroom, 9 bathroom House with 1 parking spaces and was built in 1925. The property has a land size of 980m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
House
Year Built
1925
Floor Size
40m2
Land Size
980m2
Local Government
Brisbane
Lot/Plan
2/RP8788

Last Listing description (January 2023)

A truly rare offering in one of New Farm's most coveted pockets. This beautiful pre-war home has been repurposed to attract a current annual gross income of $178,000. As of December 2022 the annual gross income will increase to $185,380. This impressive address can also be transformed back into a grand character home.

Set amongst established residences in a tree-lined street just minutes from the New Farm Park Ferry Terminal, the property showcases beautiful design details such as VJ walls and timber floors.

Each of the complex's nine apartments boasts a tidy kitchen and sizeable living areas, with most being one- and two-bedroom units. There are also modern bathrooms, while the main apartment (unit 7) features a grand cedar door, dazzling chandeliers and ceiling roses. You can also expect a shared coin laundry and solar panels, as well as a garage and carport affording vast amounts of off-street parking. Picket-fenced gardens and a generous fully-fenced grassed rear yard add to the property's appeal.

Continue to use the address as an investment or buyer and create your dream home now or in the future the choice is yours.

Currently tenanted until April 2023, 49-51 Sydney Street benefits from one of New Farm's best locations. Only three kilometres from Brisbane's CBD, this sensational offering is close to a multitude of shops and dining options. Leafy New Farm Park and the Brisbane Powerhouse are just streets away, as is Merthyr Village Shopping Centre. The fashionable James Street, Howard Smith Wharves and Gasworks precincts are also easily accessible from this address. Do not miss this exciting opportunity call to arrange an inspection today.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

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Property History for 49 Sydney St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$3,570,000
15 Oct 2022
Listed for Rent
$300/w
04 Mar 2015
  • 15 Oct 2022
    Sold for $3,570,000
  • 06 Sep 2022
    Listed for Sale Offers Over $3,800,000
  • 16 Feb 2015
    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 7,919 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.
There are currently 31 properties listed for sale, and 24 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 337 properties were sold in the past 12 months in New farm.

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