162 Terrace StreetNew Farm QLD 4005
Property Details for 162 Terrace St, New Farm
162 Terrace St, New Farm is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 282m2.
Last Listing description (June 2014)
602m2 of New Farm's finest has become available for the first time! The executors are saying good bye to the house that has looked after them for so long. A block with this size and amount of potential in Brisbane's premier suburb can't be overlooked. Unashamedly New Farm's best valued renovator cottage, this could be your opportunity to get what people work so hard for, a large parcel of New Farm to call their own. With frail bones and side vehicle access this is as much of a blank canvas as you can get.
Situated in the one of the trendiest spots in inner city Brisbane, this product oozes potential and possibility. Take advantage of renovated cottage sales and look at capitalizing by on-selling or live in the masterpiece that you create. Or split and renovate the front and build new out the back (STCA)!
It's no secret that this house needs plenty of work, but if you are looking to get into the New Farm house market, this is a must inspect. Situated meters from the ever growing James Street precinct and New Farm's best cafes and true walking distance to the CBD, convenience is off the essence of this home.
To re-iterate the instructions are clear, this will be selling at price the market determines. Opportunities like this are seldom found. This New Farm Gem presents an exciting opportunity to live in now and capitalise over the coming years, so don't overlook this opportunity for a great buy.
Make no mistake; either way, this will be bought and transformed into something truly spectacular. This house is perfect for those with an exceptional vision for the bigger picture. Don't miss out on this quality New Farm house, just a heartbeat away from the CBD, and within walking distance to all the restaurants and amenities that New Farm has to offer.
Property History for 162 Terrace St, New Farm, QLD 4005
- 16 Apr 2014Listed for Sale AUCTION
Recent sales nearby
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0About 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 7,939 properties. Over the last 5 years, Houses in New Farm have seen a 56.60% increase in median value, while Units have seen a 78.65% increase. As at 31 May 2026:
- The median value for Houses in New Farm is $3,305,444 while the median value for Units is $1,216,853.
- Houses have a median rent of $1,050 while Units have a median rent of $678.
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