508/1 Gray Street, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

508/1 Gray Street
New Farm QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Land area: 104m2
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Property Details for 508/1 Gray St, New Farm

508/1 Gray St, New Farm is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 104m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in June 2024.

Building Type
Unit
Year Built
2000
Floor Size
83m2
Land Size
104m2
Local Government
Brisbane
Lot/Plan
508/SP136095

Last Listing description (August 2024)

Positioned high up on level five, with no units above it, and only three units on that floor, this is an exciting and rare opportunity to secure your new home at the prestigious 'Freshwater Apartments' in New Farm. With higher interior and exterior ceilings compared to apartments below, the property captures ample natural light, warmth and spectacular sweeping city views, which can be enjoyed from the moment you walk in the front door and from almost every angle of the apartment.

With open plan living and dining, the apartment has a very inviting and airy atmosphere. The floor to ceiling balcony doors provide ample natural light with spectacular views, which are complimented with stylish zebra blinds to add partial light, or limit it completely. The layout is well thought out, with a spacious kitchen, excellent storage, good separation of the bedrooms, an ensuite and walk-in wardrobe for the master bedroom and built-in wardrobes for the second bedroom. It is vacant and ready to move straight in and enjoy, but also presents an opportunity to modernise and add value in the future.

Considered as one of Brisbane's premier and most sought after riverfront complexes, Freshwater Apartments amenities include a picturesque swimming pool and barbecue facilities, all which are right by the scenic Brisbane river and has direct access to the river walk. The position is extremely convenient and highly enviable, walking distance to Merthyr Village, New Farm Park, The New Farm Ferry Terminal and an array of Brisbane's best dining and shopping venues. James Street, Howard Smith Wharves and Gasworks Plaza precincts are also just minutes away.

Features:
- Secure car space with lockable storage facility
- Expansive 21sqm balcony with stunning city views
- Higher ceilings than lower floor units
- Has had cosmetic work done in previous years
- New carpets, paint, bathroom grout redone, dishwasher, blinds
- Excellent condition, ready to move in
- Potential to renovate and add value
- Ducted air-conditioning, intercom access
- Secure building with on-site manager
- Prestigious and enviable river complex
- One of 87 apartments, lift accessible
- Sparkling swimming pool and barbeque facilities
- Direct riverwalk access from pool area

Property History for 508/1 Gray St, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,540,000
24 Jun 2024
  • 24 Jun 2024
    Sold for $1,540,000
  • 18 Jun 2024
    Listed for Sale Sold by Anthony Oddo
  • 06 Mar 2001
    Sold for $350,000
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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 7,944 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.
There are currently 48 properties listed for sale, and 22 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 322 properties were sold in the past 12 months in New farm.

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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.