SOLD
Sold on 25 Mar 2024 for $2,800,000

51 Welsby Street
New Farm QLD 4005

Bedrooms: 8
Bathrooms: 1
Car spaces: 2
Land area: 759m2
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Property Details for 51 Welsby St, New Farm

51 Welsby St, New Farm is a 8 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 759m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 8 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Year Built
1940
Land Size
759m2
Local Government
Brisbane
Lot/Plan
78/RP8740

Last Listing description (May 2020)

Perfectly located within the heart of New Farm, this property is only seconds away from Coles, Aust Post, Banks, Cafes, Doctors, News Agencies and more!

Catch a bus from outside the property, or take a quick stroll up the road to the center of Fortitude Valley.

Come and inspect such features as:

- 2 Very spacious bedrooms, with carpets and very high ceilings
- Use 1 bedroom as an additional living, as they are that big !
- Bedrooms are big enough for a queen bed, desk, arm chair and more !
- 1 Bathroom with combined shower and bath tub
- Cozy lounge room with high ceilings
- Front sun room / study
- Lengthy kitchen, separate from living and dining with a modern feel
- Polished wooden flooring in all living areas and kitchen
- Storage space in hallway
- High ceilings, with great ventilation

Property History for 51 Welsby St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,800,000
25 Mar 2024
Listed for Rent
$350/w
27 Oct 2010
  • 25 Mar 2024
    Sold for $2,800,000
  • 19 May 2020
    Listed for Rent $260 / week
  • 29 Sep 2010
    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 7,818 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 40 properties listed for sale, and 31 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 331 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.