OFF MARKET

7/31 Browne Street
New Farm QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 48m2
Land area: 48m2
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Property Details for 7/31 Browne St, New Farm

7/31 Browne St, New Farm is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1987. The property has a land size of 48m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in August 2022.

Building Type
Unit
Year Built
1987
Floor Size
48m2
Land Size
48m2
Local Government
Brisbane
Lot/Plan
7/BUP8052

Last Listing description (September 2022)

Set on the top floor of the well-maintained Griffith Lodge building, this extremely neat and newly refurbished apartment represents a fantastic entry point home to move into once the lease is up or a potential-packed investment opportunity to continue to rent out.

Open plan living with east-facing windows to bring in an abundance of light
Updated kitchen with electric cooktop
Laminated timber flooring
Cosy built-in 'study-nook' at the back of the master bedroom
A n abundance of convenient storage provided by spacious, tall free-standing cupboards
Air-conditioning and two ceiling fans
Undercover car park
Low Body Corporate Fees
Great tenant in place until 13/07/2022, on a periodic lease returning $350/wk ( tenant would be happy to extend their time at the property, should an investor see fit )
Updated market rental appraisal sitting at $370-$390 per week
Positioned on the top floor (No lift)
12 properties in the building
850m from New Farm Park
400m from Five Star Cinemas
1.4ks from James Street Market

Apartment 7 represents an opportunity to acquire the kind of lifestyle people long for, as you enjoy a central position to all that the desirable New Farm has to offer. Walk to the city, bus, ferry, shops, parks, restaurants & cinemas. Take your pick of the HS Wharves, Merthyr Village, or James St precincts to enjoy your days.

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Property History for 7/31 Browne St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$360,000
20 Aug 2022
Listed for Rent
$320/w
04 Dec 2019
  • 20 Aug 2022
    Sold for $360,000
  • 30 Jun 2022
    Listed for Sale Offers Over $365,000
  • 28 Nov 2019
    Listed for Rent $320 / 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 7,823 properties. Over the last 5 years, Houses in New Farm have seen a 91.67% increase in median value, while Units have seen a 66.09% increase. As at 30 September 2024:

  • The median value for Houses in New Farm is $2,839,798 while the median value for Units is $1,010,013.
  • Houses have a median rent of $748 while Units have a median rent of $620.
There are currently 36 properties listed for sale, and 33 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 335 properties were sold in the past 12 months in New farm.

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