62 Abbott StreetNew Farm QLD 4005
Property Details for 62 Abbott St, New Farm
62 Abbott St, New Farm is a 4 bedroom, 1 bathroom House. The property has a land size of 455m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in New Farm in the last 12 months.
Last Listing description (March 2024)
Offered to the market for the first time in more than six decades, this property represents one of the final opportunities to purchase and develop on prominent Abbott Street, New Farm.
1920s cottage that hasn't been renovated by the current owners in 60 years. This unassuming cottage comprises four bedrooms and one bathroom, sitting upon a 455sqm allotment in the heart of New Farm. Appealing to developers, investors and homeowners alike, this property is the perfect project, awaiting a new lease of life through renovation, extension or a complete redevelopment (subject to relevant approvals).
A location synonymous with luxury and leisure, residents will enjoy New Farm Park, Brisbane Powerhouse, New Farm Bowls Club and New Farm Riverwalk within easy walking distance.
Local attractions including Merthyr Village, New Farm Cinemas, Howard Smith Wharves, Gasworks and the James Street shopping and entertainment precinct are within minutes, while New Farm State School and esteemed private schools are moments away. Well positioned for commuters, this property is less than three kilometers from Brisbane CBD, with transport options including bus, rail and ferry.
Inclusions:
- Exceptional opportunity in the heart of New Farm
- Offered to the market for the first time in 60+ years
- One of the final developable properties on coveted Abbott Street
- Suitable for renovation, extension or redevelopment (STCA)
- Cottage style home with four bedrooms and one bathroom
- Flat 455sqm allotment with character status
- Walking distance from New Farm Park and New Farm Riverwalk
- Minutes from Brisbane Powerhouse and New Farm Cinemas
- Moments from Merthyr Village and central Fortitude Valley
- Excellent proximity to James Street and Howard Smith Wharves
- Local schools include New Farm State School, All Hallows' School and St Joseph's College
- Less than 3kms from Brisbane CBD, with transport options including bus, rail and ferry
We welcome your inspection - for more information contact Nicholas Given on 0439 193 920
Auction | On-Site Saturday 2nd March at 10am
If not SOLD prior!
Property History for 62 Abbott St, New Farm, QLD 4005
- 02 Mar 2024Sold for $2,290,000
- 05 Feb 2024Listed for Sale Under Contract
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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 7,821 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.
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