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Sold on 20 Mar 2024 - Price Unavailable

8/226 Moray Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 8/226 Moray St, New Farm

8/226 Moray St, New Farm is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Local Government
Brisbane
Lot/Plan
8/BUP39

Last Listing description (March 2024)

8/226 MORAY STREET, NEW FARM

Living in New Farm - Fabulous for your weekday commute and your weekend social life. You will never be stuck for things to do if you lived here.

Located on the top floor in an older brick block of 10 units in a quiet part of the suburb. The unit has ducted air-conditioning, built-in robes and a laundry/storage room at the back of the garage.

For investors there is an excellent long-term tenant in place who is willing to stay. Current rental income is $495pw and is due to be negotiated with any new purchaser. Rental Estimate is $550-$600

For owner occupiers the tenants are on a periodical lease which requires a 2 month notice to leave. A vacant possession can be factored into the contract.

* Two bedrooms with built ins – Master has a ceiling fan
* Ducted air conditioning throughout
* Light and airy bathroom
* Compact kitchen with great bench space and storage
* Generous lounge and dining room
* One car garage with a separate laundry/storeroom
* 350m to Moray Street roundabout shops
* 800m to Merthyr Village
* 3.2km to Brisbane CBD
* 2.5km to Howard Smith Wharves
* 800m to New Farm Park
* 900m to New Farm Ferry and City Cat terminals
* Bus at the front door
* Current rental income is $495pw Rental estimate $550-$600 new owner to negotiate if required.
* Body Corporate Fees $3000pa

The headline for this one should be location, location, location – a quiet street, a great unit in the inner-city ring? Don't delay in calling us for a viewing of this one.

Property History for 8/226 Moray St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
20 Mar 2024
Listed for Rent
$480/w
29 Jan 2023
  • 26 Feb 2024
    Sold for $615,000
  • 06 Feb 2024
    Listed for Sale $640000 In New Farm Ducted A/C
  • 22 Jan 2023
    Listed for Rent - Price not available
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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.
There are currently 41 properties listed for sale, and 30 properties listed for rent in New farm on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Mick Rush
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RAAS Property Group
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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.