1/135 Merthyr RoadNew Farm QLD 4005
Property Details for 1/135 Merthyr Rd, New Farm
Last Listing description (May 2024)
Situated in the heart of New Farm this fantastic investment opportunity won't last long.
A boarding house comprising 26 rooms as rooming accomodation, a commercial sized kitchen, laundry, shared bathroom facilities, beautiful courtyard and well maintained, leafy grounds.
Accommodation consists of 15 Double Rooms and 11 Single Rooms. The opportunity on offer here is second to none if you are looking for cash flow.
Each room is furnished with either a single or double bed, wardrobe, fridge, desk, chair, sheets, pillow.
With the luxury of having a manager onsite taking care of the day to day running, you can sit back, relax and feel comfortable knowing that the property is in good hands.
Currently fully tenanted and with no sign of the rental market losing heat, your cash flow is basically guaranteed.
New Farm Lodge is a 2 minute walk from Merthyr Village. One of the best locations in arguably Brisbane's best suburb.
Public transport is close by - there is a bus stop out the front and the Sydney Street Ferry Terminal not far up the road. You can walk to the River within 5 minutes or find yourself in the middle of boutique shopping on James Street within 10 minutes.
Private inspections by appointment only. Enquiries welcomed, call Michelle on 0400 247 180.
Property History for 1/135 Merthyr Rd, New Farm, QLD 4005
- 02 May 2024Listed for Sale For Sale By Negotiation
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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 56.77% increase in median value, while Units have seen a 75.09% increase. As at 31 July 2026:
- The median value for Houses in New Farm is $3,293,049 while the median value for Units is $1,215,198.
- Houses have a median rent of $1,150 while Units have a median rent of $680.
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