1/578 Lower Bowen Terrace, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

1/578 Lower Bowen Terrace
New Farm QLD 4005

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 1/578 Lower Bowen Tce, New Farm

1/578 Lower Bowen Tce, New Farm is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1989. While the property is not currently for sale or for rent, it was last sold in March 2024.

Building Type
Townhouse
Year Built
1989

Last Listing description (July 2025)

The perfect alternative to house and apartment living, this superb townhome offers a sought-after lifestyle in a prestigious New Farm position steps from the riverfront, New Farm Park and Merthyr Village.

Maximising comfort and privacy in a top-tier location, the property features just one neighbour in a small complex of seven.

Spanning three levels with a garden courtyard, buyers will benefit from house-like proportions and a low-maintenance lifestyle. With each floor offering functional separation between living, bedroom and car accommodation, you will adore the excellent design.

The mid-level is dedicated to living and entertaining, with a lounge and dining area flowing to the stonetop kitchen with European appliances and the peaceful courtyard, featuring a patio, yard and gardens basking in the sunshine.

A double garage, side by side parking with laundry occupies the lower level, and three bedrooms and two bathrooms are privately positioned on the upper floor, including a master suite with air-conditioning, a walk-in robe and an ensuite.

Nestled in a beautiful blue-chip setting, this townhouse offers a relaxed lifestyle just 2.5km from the CBD. New Farm Park with Brisbane Powerhouse and Saturday markets is only 280m from your door, and you can enjoy scenic strolls along the Riverwalk to Newstead or the city. Featuring bus stops around the corner and New Farm ferry 500m away, travel is made easy. In an area renowned for exceptional shopping, dining and entertainment, you can visit the many cafes and restaurants within walking distance or venture 450m to Merthyr Village, 1km to New Farm Cinemas, 1.7km to Howard Smith Wharves and 1.9km to James Street.

Property highlights:
- Three-storey townhouse with one neighbour in a complex of seven
- Spacious living and dining area with plantation shutters
- Garden courtyard boasting a patio amongst the sunshine and greenery
- Stonetop kitchen with ample storage, Miele oven and Bosch dishwasher
- Three bedrooms featuring built-in robes and two bathrooms upstairs
- Master suite includes air-conditioning, walk-in robe and ensuite
- 1.5KW solar system
- Lock-up double garage, side by side parking and laundry on the ground floor
- Ceiling fans and security screens across the home
- 280m to New Farm Park, 500m to the ferry, 450m to Merthyr Village

Property History for 1/578 Lower Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,301,000
11 Mar 2024
  • 11 Mar 2024
    Sold for $1,301,000
  • 04 Mar 2024
    Listed for Sale SOLD PRIOR TO AUCTION
  • 06 Feb 2001
    Sold for $250,000
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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, 323 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.