121 Heal Street, New Farm, QLD 4005 sold on 13 January 2026 | OnTheHouse
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Sold on 13 Jan 2026 for $3,400,000

121 Heal Street
New Farm QLD 4005

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 711m2
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Property Details for 121 Heal St, New Farm

121 Heal St, New Farm is a 4 bedroom, 1 bathroom House. The property has a land size of 711m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 4 bedroom House sold in New Farm in the last 12 months.

Building Type
House
Land Size
711m2

Last Listing description (January 2026)

Positioned on a substantial 711sqm parcel with an approximate 12 metre frontage, 121 Heal Street represents a calibre of New Farm landholding that is increasingly difficult to secure. Elevated above the street with city glimpses and framed by a mix of restored character homes and contemporary residences, this traditional Queenslander occupies a site where scale, outlook and long-term potential take clear precedence.

Internally, the home follows a classic Queenslander layout, with interconnected living and dining spaces arranged beneath high ceilings and traditional VJ walls. Original details, including a fireplace, speak to the home's early origins, while the current configuration remains largely intact and functional. The proportions and flow reflect a home that has been well held, offering clarity around its existing footprint and flexibility in how the spaces may evolve over time.

Outdoors is where the scale of the offering becomes immediately apparent. Extending approximately 57 metres in depth, the rear yard is predominantly level and framed by established trees, delivering a sense of openness rarely found in inner New Farm. The expansive grounds provide outstanding scope for landscaping, outdoor entertaining, a swimming pool or future building works, subject to council approval, while side access enhances the overall functionality of the site.

The location is equally compelling. New Farm Park, river walks, Merthyr Village and the dining and lifestyle precincts of Howard Smith Wharves, James Street and Gasworks are all within walking distance, while bus services, CityCat and straightforward connectivity provide quick access to the CBD. The property sits within the New Farm State School catchment and close to Holy Spirit School, with convenient access to a range of respected inner-city and private schooling options.

This is a property for buyers who understand New Farm and recognise the long-term value of land, elevation and address. Opportunities of this scale and position are rarely offered. Enquire to explore the potential and secure a tightly held holding in one of Brisbane's most enduring blue-chip suburbs.

Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Property History for 121 Heal St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$3,400,000
13 Jan 2026
  • 16 Jan 2026
    Sold for $3,400,000
  • 07 Jan 2026
    Listed for Sale Under Offer
  • 10 Dec 1982
    Sold for $42,000
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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 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 7,934 properties. Over the last 5 years, Houses in New Farm have seen a 61.90% increase in median value, while Units have seen a 92.30% increase. As at 31 January 2026:

  • The median value for Houses in New Farm is $2,794,630 while the median value for Units is $1,227,049.
  • Houses have a median rent of $715 while Units have a median rent of $650.
There are currently 30 properties listed for sale, and 24 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 315 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Aaron Woolard
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Flyn Park
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Place New Farm
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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.