407/1 Gray StreetNew Farm QLD 4005
Property Details for 407/1 Gray St, New Farm
407/1 Gray St, New Farm is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 118m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 2 bedroom Unit sold in New Farm in the last 12 months.
Last Listing description (November 2025)
Welcome to this exceptional apartment in the tightly held Freshwater Apartments, where space, position, and lifestyle combine to offer something truly special. Set in a prized north-east corner position and spanning an impressive 118m, this residence captures uninterrupted Brisbane River views that will never be built out, a rare find in New Farm's riverfront precinct.
Inside, a generous open-plan layout flows seamlessly from the kitchen through the living and dining areas onto the large balcony, perfectly framing the tranquil river outlook. The design offers privacy between bedrooms, with the master suite featuring its own ensuite and balcony access. The home is complete with ducted air-conditioning, modern finishes, and abundant natural light throughout.
Freshwater Apartments is one of New Farm's most desirable riverfront addresses, offering residents direct Riverwalk access, a resort-style pool, and beautifully maintained grounds. Positioned just moments from New Farm Park, Merthyr Village, the Powerhouse, and the James Street precinct, you'll enjoy a lifestyle of absolute convenience with cafs, dining, and shopping all within easy reach.
Currently leased at $1,150 per week until March 2026, this is an incredible opportunity to secure a rare riverside home now, with flexibility to move in later or hold as a strong-performing investment.
Apartment Features:
- Expansive 118m floor plan with excellent separation between bedrooms
- Desirable north-east corner position offering morning light and cooling breezes
- Uninterrupted Brisbane River views that will never be built out
- Spacious open-plan living and dining area flowing onto a large covered balcony
- Modern kitchen with quality appliances, stone benchtops, and ample storage
- Master suite with ensuite, balcony access, and river views
- Second bedroom with built-in robes and nearby main bathroom
- Ducted air-conditioning, ceiling fans, and internal laundry
- Two side-by-side enclosed car spaces with garage door
- Currently rented at $1,150 per week until March 2026
- Strong rental yield and premium tenant appeal
Complex Amenities:
- Prestigious and tightly held Freshwater Apartments on the riverfront
- Direct access to the Brisbane Riverwalk for walking and cycling
- Resort-style pool with riverfront views and landscaped surrounds
- Secure building with intercom and lift access
- Professional on-site management and beautifully maintained common areas
Lifestyle & Location:
- Premier New Farm riverfront location with unbeatable connectivity
- Walk to New Farm Park, Powerhouse, and Merthyr Village
- Easy access to James Street, Gasworks, and Howard Smith Wharves
- Surrounded by some of Brisbane's best cafs, dining, and boutiques
- Close to public transport including bus and CityCat services
- Only minutes to the CBD, Fortitude Valley, and Teneriffe
Please contact Blair on 0468 791 950 or blair@gtpartners.com.au for further information and to book an inspection of this property.
*Every care and due diligence has been taken in the preparation of this listing. The agency and owner assume no responsibility for the accuracy of the content, and encourage all prospective buyers to conduct their own research.
Property History for 407/1 Gray St, New Farm, QLD 4005
- 24 Nov 2025Sold for $1,950,000
- 12 Nov 2025Listed for Sale Under Contract
- 15 Aug 2024Listed for Rent $1,100 / week
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 7,943 properties. Over the last 5 years, Houses in New Farm have seen a 60.24% increase in median value, while Units have seen a 81.54% increase. As at 30 June 2026:
- The median value for Houses in New Farm is $3,311,818 while the median value for Units is $1,246,630.
- Houses have a median rent of $1,000 while Units have a median rent of $680.
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