1/498 Bowen Terrace, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

1/498 Bowen Terrace
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 87m2
Land area: 87m2
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Property Details for 1/498 Bowen Tce, New Farm

1/498 Bowen Tce, New Farm is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 87m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
Unit
Year Built
1930
Floor Size
87m2
Land Size
87m2
Local Government
Brisbane
Lot/Plan
1/SP152125

Last Listing description (February 2021)

SELLERS INSTRUCTIONS ARE CLEAR : THURSDAY AUCTION IS SELLING DAY!

This home is a charming surprise and a step in history; you can't get more New Farm than this!
From your private porch, step onto a gleaming timber floor and enjoy the feeling of entering a delightful Village House, private and very well situated walking distance to all the delights offered by our Peninsula.

The warmth and character of this home is a bold statement to Art Deco Living that so many home buyers continue to seek. Very few of these gracious red brick buildings remains in the city, and with only 4 apartments, The Bowen is an exceptional value proposition to secure a spacious, private, and very well-maintained, lovely residence.

A new timber deck in the courtyard, adorned with a full-length planter-box will be perfect for this summer BBQ with friends and your fluffy little pet.
Moreover the direct access to the garage offers the convenience of easy supply from your car to your home.

Light filled spacious interior combined with efficient cross ventilation, high ceilings and polished timber floors throughout make this home a real standout.

The lounge room is exquisite, decorated with picture railing and gorgeous, ornate high ceilings with intricate cornices and roses; connecting is a generous sunroom fitted with white plantation shutters; ideal as a study or a guest room.

- Boutique building with only 4 apartments
-Large Eat in kitchen is well appointed with European appliances and stainless-steel workbench and plenty of storage.
- 2 spacious bedrooms, both flooded with natural light with air conditioned for extra comfort.
- Large bathroom with a bath and shower over bath
- Extra storage under the staircase
- Gleaming polished timber floors throughout
- split system air conditioned in every room
- internal laundry
- Private access from porch, garage and courtyard

In the very heart of New Farm, a short stroll leads you to Merthyr Village, The Powerhouse, River walks and parks; The variety of entertainment combined with cafes and restaurants, outdoor venues, schools and weekend activities is truly exceptional and a tribute to the Famous Peninsula. Welcome to your new lifestyle, where you walk everywhere and take the bus or the city cat to travel anywhere else.
If you are looking for a unique home of charm and character, this charming residence is worthy of your consideration.
The property will be sold at auction if not sold prior.

Property History for 1/498 Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$760,000
10 Dec 2020
Listed for Rent
$540/w
22 Apr 2020
  • 10 Dec 2020
    Sold for $760,000
  • 12 Nov 2020
    Listed for Sale Under Contract
  • 23 Mar 2020
    Listed for Rent $540 / week
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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 7,944 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.
There are currently 45 properties listed for sale, and 20 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 322 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.