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Sold on 27 Jun 2024 for $605,000

6/497 Bowen Terrace
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 54m2
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Property Details for 6/497 Bowen Tce, New Farm

6/497 Bowen Tce, New Farm is a 2 bedroom, 1 bathroom Apartment. The property has a land size of 54m2. 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
Land Size
54m2
Local Government
Brisbane
Lot/Plan
6/BUP101327

Last Listing description (June 2024)

Situated in The Brambles a small complex of just 8 apartments, apartment 6 is located at the front of the building and has been updated with a neutral colour palette, enhancing the original charm, timber floors and casement windows. Offering a generous light-filled floor plan, the living area has reverse cycle air conditioning and opens to the eat-in kitchen with cupboard and bench space as well as gas cooking.

Each bedroom offers ample space to accommodate a queen-sized bed and desk, ensuring both comfort and functionality. Additionally, the main bedroom features a Juliette balcony, providing natural breezes and sunlight.

Undoubtedly this apartment will appeal to buyers looking for a home away from home, a great investment or a first home. The complex is tightly held, with a low turnover due in large part to its iconic style, location, low body corporate fees, appropriate sinking fund and low maintenance design.

Property Features:

• 2 bedrooms with dual entry
• Original Art Deco features throughout
• Lounge room featuring high ornate ceilings and timber floors throughout
• A/C in the living area
• Easy to live in, easy to let out
• Pet friendly complex (subject to Body Corporate approval)

Location:

• 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 location is everything, in the middle of all New Farm has to offer with its beautiful tree-lined streets, restaurants and cafes and New Farm Park. Choose from the Howard Smith Wharves, New Farm Deli and James St precincts to enjoy your days. Take advantage of the convenient CityCat and express bus services placed within walking distance and enjoy an easy connection to the CBD and surrounding areas. The ever-popular Holy Spirit and New Farm State School are positioned just a short distance away.

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

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Property History for 6/497 Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$605,000
27 Jun 2024
Listed for Rent
$490/w
21 Feb 2023
  • 27 Jun 2024
    Sold for $605,000
  • 08 May 2024
    Listed for Sale Under Offer
  • 20 Feb 2023
    Listed for Rent $490 / week
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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 7,915 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 45 properties listed for sale, and 51 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 344 properties were sold in the past 12 months in New farm.

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