SOLD
Sold on 29 Nov 2023 for $850,000

8/530 Lower Bowen Terrace
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 70m2
Land area: 102m2
Sold By
Sarah Kornel
Sixty Four Property
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Property Details for 8/530 Lower Bowen Tce, New Farm

8/530 Lower Bowen Tce, New Farm is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 102m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in New Farm in the last 12 months.

Building Type
Unit
Year Built
1988
Floor Size
70m2
Land Size
102m2
Local Government
Brisbane
Lot/Plan
8/BUP8768

Last Listing description (January 2024)

Step into the epitome of modern living with this freshly renovated, top-floor apartment set within a boutique complex of 8. Embracing a coveted north-facing aspect, this home has been meticulously finished to the highest standard, exuding character that is bound to leave a lasting impression.

Boasting two bedrooms, the master featuring an ensuite, this residence ensures year-round comfort with ducted air conditioning. The built-in wardrobes, equipped with double hanging space, are complemented by wifi-activated smart fans, for added ease. Indulge in absolute convenience with two fully renovated bathrooms and an intelligently designed open floor plan, fostering a seamless flow through the kitchen, dining and living area.

The kitchen is a haven for culinary enthusiasts, showcasing Kleenmaid appliances, an opulent range stone benchtop, and an abundance of both counter and storage space. Distinctive elements such as a charming barn door and VJ Walls not only contribute to the home's character but also elevate its overall aesthetic appeal. Revel in the practicality of a built-in TV cabinet and two additional cupboards for enhanced storage solutions.

Additional features:
* Serene tree canopy views off the balcony, providing a tranquil escape right at home
* An automatic garage door, ensuring secure and hassle-free parking
* Internal laundry seamlessly tucked away

Discover why New Farm is Brisbane's most sought-after locale, with New Farm Park, Powerhouse, Merthyr Village, James Street precincts, and the Bowls Club just minutes away. Enjoy walking distance access to various public transportation and only three kilometres from the Brisbane CBD.

Property History for 8/530 Lower Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$850,000
29 Nov 2023
Listed for Rent
$370/w
19 Feb 2016
  • 29 Nov 2023
    Sold for $850,000
  • 22 Nov 2023
    Listed for Sale Not Disclosed
  • 05 Dec 2019
    Sold for $385,000
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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.

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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.