SOLD
RECENT ADVICE
Sold on 24 Jun 2024 for $1,540,000

508/1 Gray Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 508/1 Gray St, New Farm

508/1 Gray St, 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 June 2024. There are other 2 bedroom Apartment sold in New Farm in the last 12 months.

Building Type
Apartment
Local Government
Brisbane
Lot/Plan
508/SP136095

Last Listing description (June 2024)

Positioned high up on level five, with no units above it, and only three units on that floor, this is an exciting and rare opportunity to secure your new home at the prestigious 'Freshwater Apartments' in New Farm. With higher interior and exterior ceilings compared to apartments below, the property captures ample natural light, warmth and spectacular sweeping city views, which can be enjoyed from the moment you walk in the front door and from almost every angle of the apartment.

With open plan living and dining, the apartment has a very inviting and airy atmosphere. The floor to ceiling balcony doors provide ample natural light with spectacular views, which are complimented with stylish zebra blinds to add partial light, or limit it completely. The layout is well thought out, with a spacious kitchen, excellent storage, good separation of the bedrooms, an ensuite and walk-in wardrobe for the master bedroom and built-in wardrobes for the second bedroom. It is vacant and ready to move straight in and enjoy, but also presents an opportunity to modernise and add value in the future.

Considered as one of Brisbane's premier and most sought after riverfront complexes, Freshwater Apartments amenities include a picturesque swimming pool and barbecue facilities, all which are right by the scenic Brisbane river and has direct access to the river walk. The position is extremely convenient and highly enviable, walking distance to Merthyr Village, New Farm Park, The New Farm Ferry Terminal and an array of Brisbane's best dining and shopping venues. James Street, Howard Smith Wharves and Gasworks Plaza precincts are also just minutes away.

Features:
- Secure car space with lockable storage facility
- Expansive 21sqm balcony with stunning city views
- Higher ceilings than lower floor units
- Has had cosmetic work done in previous years
- New carpets, paint, bathroom grout redone, dishwasher, blinds
- Excellent condition, ready to move in
- Potential to renovate and add value
- Ducted air-conditioning, intercom access
- Secure building with on-site manager
- Prestigious and enviable river complex
- One of 87 apartments, lift accessible
- Sparkling swimming pool and barbeque facilities
- Direct riverwalk access from pool area

Property History for 508/1 Gray St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,540,000
24 Jun 2024
  • 24 Jun 2024
    Sold for $1,540,000
  • 18 Jun 2024
    Listed for Sale Sold by Anthony Oddo
  • 06 Mar 2001
    Sold for $350,000

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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 7,919 properties. Over the last 5 years, Houses in New Farm have seen a 84.06% increase in median value, while Units have seen a 64.44% increase. As at 31 August 2024:

  • The median value for Houses in New Farm is $2,787,119 while the median value for Units is $999,075.
  • Houses have a median rent of $795 while Units have a median rent of $600.
There are currently 46 properties listed for sale, and 54 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 333 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Contact agent
Anthony Oddo
Show contact details
Best Life Real Estate Agency - NEW FARM
Preferred contact:
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.