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.
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
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 7,935 properties. Over the last 5 years, Houses in New Farm have seen a 57.07% increase in median value, while Units have seen a 89.72% increase. As at 30 April 2026:
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