1/131 Terrace Street, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

1/131 Terrace Street
New Farm QLD 4005

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 174m2
Land area: 180m2
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Last updated 29 Jun 2026
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Property Details for 1/131 Terrace St, New Farm

1/131 Terrace St, New Farm is a 3 bedroom, 3 bathroom House with 2 parking spaces and was built in 1910. The property has a land size of 180m2 and floor size of 174m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
House
Year Built
1910
Floor Size
174m2
Land Size
180m2
Local Government
Brisbane
Lot/Plan
1/SP159916

Last Listing description (July 2026)

This meticulously curated residence offers a rare blend of heritage elegance and modern luxury across two sophisticated levels.Fully reimagined through a comprehensive high-end renovation, this character cottage masterfully balances its classic proportions with a refined, contemporary finish. From the moment you arrive, the home reveals a masterclass in executive living. Carefully selected materials and a seamless transition between the interiors and the private alfresco sanctuary create a space designed for both relaxation and grand-scale entertaining.Set across a substantial 226 SQM allotment, the residence offers 186 SQM of thoughtfully designed living space. Complete with two secure car parks and an intercom-secured pedestrian gate, this is the ultimate lock-up-and-leave executive residence in the heart of New Farm.(PROPERTY SNAPSHOT) 4 Bedrooms 3 Bathrooms + powder room 2 Secure car spaces (remote-controlled garage + automated gated carport) 1 Study 226 SQM allotment Alfresco courtyard with outdoor bar Japanese herringbone hardwood flooring Soaring 3m+ ceilings with entry dome feature Gas fireplace Sonos sound system State-of-the-art AirTouch 5 smart climate control + ducted air-conditioning ADT security alarm systemAn elegant facade with a bespoke iron door reveals two perfectly orchestrated levels. Upon entry, the tone is set by soaring three-metre ceilings, intricate Japanese herringbone hardwood floors, and an elaborate glass chandelier suspended within a focal-point dome.In the main living area, the sense of space is grounded by a stunning two-metre gas fireplace - a focal point for both intimate evenings and social gatherings. Integrated Sonos sound flows throughout, while the latest AirTouch 5 technology allows for effortless climate control via a wall-mounted tablet or smartphone, ensuring the home is perfectly tempered before you even step through the front door.Intelligently redesigned for total privacy, the primary bedroom serves as a true retreat. It masterfully balances the home's heritage scale with a moody, boutique-hotel aesthetic. Natural light filters through matt black plantation shutters, highlighting the rich glow of the hardwood floors. A custom-built, tinted glass mirror adds architectural intrigue, reflecting the sophisticated monochromatic palette. Designer globe pendants flank the bedside, casting an ambient glow over the transition to the walk-in robe and the open-concept ensuite.Clad in large-format dark marble tiles, the open-flow ensuite features a striking white vanity topped with thick-cut marble and dual matt black vessel sinks. The oversized shower room, finished with architectural glass mosaic tiling and designer black tap-ware, provides a spa-like experience that is as functional as it is visually arresting.On the lower level, the home reveals its true versatility. The kitchen is both eye-catching and practical, blending striking marble bench-tops and high-end stainless steel with monochromatic cabinetry and a butler's pantry. Featuring a premium Ilve range cooker and Grohe tap-ware, the space is designed for the culinary enthusiast who seeks both performance and aesthetic appeal. The dining area, framed by a sleek architectural staircase with glass balustrades, serves as a sophisticated pivot point, transitioning seamlessly to the alfresco courtyard and media room through new aluminium sliding glass doors.This low-maintenance oasis is defined by monochrome honeycomb tiling and a soaring vertical green wall. A bespoke custom bar, equipped with a sink, stone benchtops, and a commercial-grade triple-door beverage cooler, ensures this space is the undisputed epicentre of Brisbane's summer hosting. Decorative awnings provide year-round protection, while integrated lighting transforms the area into a secluded, moody sanctuary by twilight.This level is perfectly suited for multigenerational living or premium guest hosting. Both bedrooms are serviced by a lavish marble ensuite and a secondary powder room, echoing the home's signature palette of deep textures, crisp finishes and boutique-hotel grandeur. Direct access to the remote-controlled garage, featuring epoxy flooring and vast overhead storage, makes everyday tasks simple. The custom laundry is discreetly integrated, offering sleek white cabinetry, a stacked washer/dryer configuration, and architectural honeycomb tiling.From the automated security gates and stone-paved entry to the Crimsafe-protected windows and secure intercom, every detail has been considered for absolute peace of mind. 1/131 Terrace Street is more than a home; it is an executive sanctuary offering an "all-you-need" lifestyle of comfort, privacy, and tactile luxury in Brisbane's most coveted pocket.(PROPERTY FEATURES)(EXTERIOR) New automated gates, pedestrian entry, intercom, bespoke iron porch door + Crimsafe window screens New roof ridge cappings, decorative window awnings + fresh paint New hot water systems, downpipes, water pit/pump + French channel drains to the garage New stone paving to entry/carpark + new tiling to the downstairs courtyard(INTERIOR) New ducted air conditioning Updated lighting and electrical Freshly painted interiors New aluminium sliding + bi-fold doors New timber framing + tiling to the rumpus zone(SUBURB FEATURES)LIFESTYLE Multitude of cafs, restaurants, bars + shops Proximity to to Merthyr Village + James Street Precinct Walking distance to Riverwalk, New Farm Park + Howard Smith Wharves Easy access to public transport network Easy access to ICB & Kingsford Smith Drive, M7 + AirportLink TunnelTRANSPORTATION 3 km (10 min drive) to Brisbane CBD 17 km (20 min drive) to Brisbane Airport 2.5 km (7 min drive) to Fortitude Valley Train Station 500m (10 min walk) to CityCat terminal + nearest BCC Bus stop

Property History for 1/131 Terrace St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,760,000
03 Dec 2023
  • 25 Mar 2026
    Listed for Sale Price Reduction | Offers over $3,650,000
  • 03 Dec 2023
    Sold for $1,760,000
  • 17 Nov 2023
    Listed for Sale Not Disclosed
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About New Farm 4005

The size of New Farm is approximately 2.5 square kilometres. There are 4 parks, covering nearly 9.1% of the total area. The population of New Farm in 2016 was 12542 people. By 2021 the population was 12197 showing a population decline of 2.8% in the area during that time. The predominant age group in New Farm is 30-39 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 2021, 44.00% of the homes in New Farm were owner-occupied compared with 39.70% in 2016.

New Farm has 7,940 properties. Over the last 5 years, Houses in New Farm have seen a 56.60% increase in median value, while Units have seen a 78.65% increase. As at 31 May 2026:

  • The median value for Houses in New Farm is $3,305,444 while the median value for Units is $1,216,853.
  • Houses have a median rent of $1,050 while Units have a median rent of $678.
There are currently 46 properties listed for sale, and 21 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 330 properties were sold in the past 12 months in New farm.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.