OFF MARKET

54 Welsby Street
New Farm QLD 4005

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Floor area: 250m2
Land area: 506m2
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Property Details for 54 Welsby St, New Farm

54 Welsby St, New Farm is a 4 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 506m2 and floor size of 250m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Floor Size
250m2
Land Size
506m2
Local Government
Brisbane
Lot/Plan
35/RP8740

Last Listing description (September 2023)

Demolition approval on prime 506m2 parcel of land with city views and 10.1m2 frontage. Perfectly positioned in the heart of New Farm, Welsby Street offers every convenience of the 4005. Leave your car at home and stroll to the New Farm Deli, the New Farm Park, Coles, Lindsay's New Farm Shoe Service and so much more

With recent sales of finished products up there around $4million, Welsby Street is now a street proving value. The opportunity of sending the kids off to pick up some bread and milk early in the morning without too much worry is, for us parents, a God send.

From the street, 54 Welsby presents likened to an old brick home but is actually a pre-war cottage. However, not much of the ol' girl is left, it's been pretty well changed over the decades and for me this is where the opportunity lies.

Renovate or potentially detonate?

Ivo Kornel - 0412 301 439

Property History for 54 Welsby St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$2,300,000
31 May 2023
  • 31 May 2023
    Sold for $2,300,000
  • 21 Jun 2022
    Listed for Sale Sale by Negotiation
  • 24 Mar 1981
    Sold for $47,000

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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 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, 338 properties were sold in the past 12 months in New farm.

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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.