3/40 Gilbey Lane, New Farm, QLD 4005 | Property Value & History | OnTheHouse
 
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3/40 Gilbey Lane
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 79m2
Land area: 134m2
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Property Details for 3/40 Gilbey Lane, New Farm

3/40 Gilbey Lane, New Farm is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 134m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in July 2024.

Building Type
Unit
Year Built
2014
Floor Size
79m2
Land Size
134m2
Local Government
Brisbane
Lot/Plan
3/SP245509

Last Listing description (October 2024)

This architect designed 2 bedroom 2 bathroom unit has amazing views of the City skyline, and is sure to impress.

Located in the exclusive and whisper quiet Gilbey Lane, on the first floor, this unit features a large 47m2 balcony that is perfect for entertaining.

With a spacious master bedroom that has access to the balcony, you will love the view of the established Pandanus tree. The master bedroom also includes mirrored built in wardrobes robes, air conditioning, block out roller blinds and stunning ensuite with shower.

The combined living and dining features crisp white tiles and the gourmet kitchen features Hafele appliances, gas cooktop, dishwasher and modern styled cupboards, an island bench and stone benchtops.

Other impressive features include:
- Storage and laundry hidden behind louvered sliding doors on balcony
- Secure entry with voice and video intercom
- Air-conditioned living and both bedrooms
- Secure car park for one car

Tenant vacating on Friday, 19 July 2024
Rental appraisal is $800 per week
Body Corporate Fees: $1,403 per quarter
BCC Rates: $480 per quarter

Situated in an unbeatable location, with cafes and restaurants just a moment's walk away and many dozens of cafes and restaurants within walking distance and just a 20 minute walk along the cliffs or riverwalk to the City.

Don't miss viewing this incredible property.

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Property History for 3/40 Gilbey Lane, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$890,000
24 Jul 2024
Listed for Rent
$800/w
10 Jul 2024
  • 24 Jul 2024
    Sold for $890,000
  • 09 Jul 2024
    Listed for Rent $800 / week
  • 10 Jun 2024
    Listed for Sale $890,000
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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 7,928 properties. Over the last 5 years, Houses in New Farm have seen a 69.80% increase in median value, while Units have seen a 85.55% increase. As at 30 November 2025:

  • The median value for Houses in New Farm is $2,788,626 while the median value for Units is $1,183,443.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 30 properties listed for sale, and 20 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 318 properties were sold in the past 12 months in New farm.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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