621 Lower Bowen TerraceNew Farm QLD 4005
Property Details for 621 Lower Bowen Tce, New Farm
621 Lower Bowen Tce, New Farm is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 506m2. While the property is not currently for sale or for rent, it was last sold in November 2016.
Last Listing description (February 2017)
Every so often, a real estate opportunity presents itself that is so exceptionally rare and invaluable that it turns heads. 621 Lower Bowen Terrace is a versatile offering that will provide endless opportunity and variety to the future purchaser. This 'Post War' gem offers an astonishing and unrivalled 25 Metres of street frontage, on one of the most sought after streets on the Peninsular.
Situated in a location second to none in the New Farm river precinct, 621 Lower Bowen Terrace is in a position that is seen as a rarity in the New Farm market today. It presents a once in a lifetime opportunity to build your dream home and take advantage of the lifestyle that New Farm has to offer. Some would say it is easy to envision what could be done on this very usable 506m2 block of New Farm s finest, but in hindsight the opportunities are endless. So let your imagination and architect run rampant to create your forever home or take advantage of the development opportunities that could be associated with this site.
The reality of this is that it is difficult to imagine overcapitalizing with such an incredible block in an area that in today s current contemporary society is always in strong demand. Make no mistake; 621 Lower Bowen Terrace is an opportunity that can be masterfully designed to create a living space with modern functionality and sophistication. Within seconds to New Farm park, any future development will have the benefit of a location that offers the most tranquil and picturesque surroundings in cosmopolitan inner-city New Farm.
Property History for 621 Lower Bowen Tce, New Farm, QLD 4005
- 05 Nov 2016Sold for $1,641,000
- 04 Oct 2016Listed for Sale Under Contract
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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 7,936 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.
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