74 Merthyr RoadNew Farm QLD 4005
Property Details for 74 Merthyr Rd, New Farm
74 Merthyr Rd, New Farm is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1930. The property has a land size of 521m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
Last Listing description (November 2020)
AUCTION 26th September. IT MUST BE SOLD TO FINALISE THE ESTATE. This is your opportunity to secure your own slice of New Farm in an enviable location in the heart of Merthyr Rd cafe/shopping precinct and just two streets from iconic New Farm Park. Suitable for savvy investors, those looking for a great project to add value, those interested in land banking, those looking for a home close to everything.
This is a rare offering indeed and all on one title. A two-story pre-war brick property divided into four separate two bedroom, one bathroom flats (individually metered) on a corner 521 square metre parcel of land. Character features including 2.7+ metre ornate ceilings, picture rails and internal solid brick walls. Total under roof area of approximately 300 sqm.
This property is Zoned LMR2 and preliminary Town Planning advice indicates that this property can be converted into one home and/or has the potential to be expanded at the rear of the property; either extra units or to enlarge the existing units (subject to BCC approval). Another possibility is to turn the property into your home and operate a home-based business. The options are endless, however what doesn't change is the superb location of this property.
Long standing NEW FARM locals have said that there was no river flood water through this property in 2011 and 1974.
Rental appraisal of each flat is $330-$350 p.w. (total for the complex of $1,320 - $1,400 p.w.).
If the scheduled open home times do not suit you please call Jeff on 0432 00 33 55 to arrange your own private inspection.
This property will be sold at auction on-site this Saturday 26th September 2020 at 9:30 a.m.
Other points of note include:
* City glimpses
* NBN available for connection
* Off-street parking on the block for at least four cars
* Room for a boat
* Bus and New Farm CityCat within easy walking distance
* BCC Rates per quarter = $1,858.74
Property History for 74 Merthyr Rd, New Farm, QLD 4005
- 26 Sep 2020Sold for $1,515,000
- 21 Aug 2020Listed for Sale AUCTION
- 19 Sep 2016Listed for Rent $340 / 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 7,939 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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