24 Terrace Street, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

24 Terrace Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 193m2
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Property Details for 24 Terrace St, New Farm

24 Terrace St, New Farm is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 193m2.

Building Type
House
Land Size
193m2
Local Government
Brisbane

Last Listing description (August 2025)

A quaint worker's cottage in a prime New Farm location, this property sits in a quiet cul-de-sac, offering unparalleled privacy and a peaceful retreat in one of the city's most vibrant pockets.

Retaining its humble charm, this is the perfect low-maintenance inner-city residence or investment opportunity, just a stone's throw from Howard Smith Wharves and the New Farm Riverwalk.

(PROPERTY SNAPSHOT)

- 2 Bedrooms
- 1 Bathroom
- 1 Carport
- 193 SQM
- Single level layout
- Air-conditioning installed
- Cul-de-sac position

These undeniably captivating, yet practical worker's cottages, built between the mid-19th to early 20th century, have become synonymous with Queensland. Highly sought-after for their single-level, often square floor-plan, opportunities such as 24 Terrace Street are exceptionally rare.

Built to optimise airflow, this property features a wide front verandah, which acts as a lovely al-fresco area for residents to enjoy. Spanning off the central hallway which creates a refreshing cross-breeze, two bedrooms sit side-by-side, with the main bedroom opening onto the verandah through double doors. The bathroom at the rear of the property also houses the laundry.

The open plan living and dining area is opposite the practical kitchen with plenty of storage space. The timber deck has been raised in line with the living quarters to create seamless indoor outdoor living. Astro turf in the backyard makes for a low-maintenance outdoor space, surrounded by custom-built garden beds - the perfect setting to relax or entertain year round!

VJ walls and ornate breezeways throughout perfectly complement the rippled, stained glass windows and timber floors, subtle reminders of the house's history. An enchanting example of Queensland heritage, this home retains its old-world charm offering plenty of potential to put your touch on its delightful interiors.

Perfectly positioned between the Brisbane River and James Street, enjoy the enviable New Farm lifestyle on your doorstep. Just moments to the CBD by car or public transport, this property is close to so many of New Farm's most popular cafes, restaurants and shops. Enjoy inner-city living at its best!

(PROPERTY FEATURES)

- Timber flooring
- VJ wall panelling
- Sash windows
- Decorative breezeways
- Covered verandah
- Timber deck
- Lattice work detailing
- Weatherboard exterior
- Corrugated iron roof
- Custom-built garden beds
- Astroturf backyard
- Low-maintenance front yard

(SUBURB FEATURES)

LIFESTYLE
- Multitude of cafs, restaurants, bars + specialty shops
- Proximity to to Merthyr Village + James Street Precinct
- Walking distance to Riverwalk, New Farm Park + Howard Smith Wharves
- Easy access to public transport network
- Easy access to ICB & Kingsford Smith Drive, M7 + AirportLink Tunnel

TRANSPORTATION
- 3 km (10 min drive) to Brisbane CBD
- 17 km (20 min drive) to Brisbane Airport
- 2.5 km (7 min drive) to Fortitude Valley Train Station
- 500m (10 min walk) to CityCat (ferry) terminal + nearest BCC Bus stop

EDUCATION
- New Farm State School + Fortitude Valley State School Catchment zone
- Proximity to Holy Spirit Primary School New Farm + All Hallows School
- Short drive to Brisbane Grammar School, Brisbane Girls Grammar School + other inner-city private schools

Property History for 24 Terrace St, New Farm, QLD 4005

A timeline of how this property has performed in the market
  • 23 Apr 2025
    Listed for Sale Not Disclosed
  • 19 Feb 2019
    Listed for Sale Not Disclosed
  • 26 Oct 2016
    Listed for Sale Offers over $869,000
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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 7,939 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 43 properties listed for sale, and 18 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.

Suburb Insights for New Farm 4005

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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.