OFF MARKET

7/54 Terrace Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 81m2
Land area: 113m2
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Property Details for 7/54 Terrace St, New Farm

7/54 Terrace St, New Farm is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 113m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
Unit
Year Built
2003
Floor Size
81m2
Land Size
113m2
Local Government
Brisbane
Lot/Plan
7/SP155190

Last Listing description (July 2018)

Tucked away in the private and highly sought after Terrace Street, this unique and free flowing apartment showcases the lifestyle and privacy of a modern townhouse without the price tag. Sleek and functionally designed, this well maintained home is a fantastic opportunity for first home buyers and savvy investors to secure a unique and popular apartment with all the right features.
Situated in the Terrace Villas within a boutique complex of 9, this sizeable apartment offers an open and flexible layout encompassing a modern kitchen with stainless steel appliances, gas stove and ample storage space. The home flows effortlessly from the kitchen to the living and dining areas. Tiled throughout, the living area connects to a huge, beautiful and unique outdoor entertaining area with plenty of space whilst still being shielded by a leafy outlook.
Similar to the outdoor and indoor entertaining areas, both bedrooms are spacious and are equipped with built in robes, the main featuring a full en-suite. The second bathroom has been positioned with convenience in mind between the second bedroom and the living area. An uncommon, and highly sought after asset to this unique property is the roomy 32 metre car spaces.

With the added benefit of an impeccable inner city location, this property in the heart of New Farm is a stone s throw away from an endless array of entertaining, shopping or dining options. Only a short walk away, the James Street precinct encapsulates finer dining and entertaining, whilst New Farm Park and the Powerhouse Theatre offers countless cafes and eateries and stunning vistas of the Brisbane River.
Appealing to owner occupiers and savvy investors alike, homes like this in such a highly sought after area are extremely rare. Offering not only a central and convenient location, this modern apartment proves that you can secure your own slice of New Farm paradise that ticks all the boxes.

Property History for 7/54 Terrace St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$585,000
28 May 2018
Listed for Rent
$490/w
25 Sep 2017
  • 28 May 2018
    Sold for $585,000
  • 26 Apr 2018
    Listed for Sale Offers Over $600,000
  • 09 Jun 2017
    Listed for Rent $550 / 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 7,920 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 30 properties listed for sale, and 24 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 336 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.