148/53 Vernon Terrace, Teneriffe, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

148/53 Vernon Terrace
Teneriffe QLD 4005

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 98m2
Land area: 102m2
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Last updated 4 May 2026
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Property Details for 148/53 Vernon Tce, Teneriffe

148/53 Vernon Tce, Teneriffe is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1930. The property has a land size of 102m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in March 2025.

Building Type
Unit
Year Built
1930
Floor Size
98m2
Land Size
102m2
Local Government
Brisbane
Lot/Plan
148/BUP103463

Last Listing description (May 2025)

On the top floor of the Mactaggarts Woolstore, this renovated apartment radiates a welcoming warmth, perfectly balanced by the scandi-inspired simplicity of its interiors.

Spanning 102 SQM across two levels, Unit 148 is drenched in natural light, spilling in through the skylights in the soaring roof. Enjoy a sensation of space, nestled amongst the treetops of Vernon Terrace.

(PROPERTY SNAPSHOT)

- 2 Bedrooms
- 2 Bathrooms
- 1 Car space
- 102 SQM
- Top floor apartment
- Split-level layout

The light timber and white palette maintained throughout both levels of this property enhance the sense of space, creating a calming, neutral backdrop to make this apartment your own.

Directly upon entry, the second bedroom, with its floor to ceiling windows, overlooks the patio and lends itself wonderfully to alternative use such as a luminous sitting room or home office.

The kitchen has been thoughtfully renovated to blend seamlessly with the apartment's floor plan. Featuring a minimalist design, it includes a floating island bench that provides generous space for both preparation and storage. Equipped with high-end European appliances, an induction stovetop, and integrated fridge, freezer, and dishwasher, the space is both functional and stylish. The second bathroom, which also contains the laundry, is conveniently located on this level.

The open plan living and dining room is positioned underneath the soaring void, enjoying a leafy and private outlook through the large sash window overlooking Vernon Terrace.

Ascending the floating timber staircase, the mezzanine level is a cosy and inviting space, perfect as study.

At the rear of the second level, the main bedroom and its ensuite, are a private retreat, with large windows overlooking the intricate internals of the Mactaggarts Woolstore, and skylights in the roof overhead.

A restrained design, underpinned by the exposed industrial features of the home, this apartment has been updated to highlight its best features with utmost care and class.

Enjoy direct access to the Teneriffe boardwalk via the communal gardens, perfect for a walk, run or cycle towards neighbouring Newstead or New Farm. Just moments from the Teneriffe ferry and bus terminal and a short drive to major roads and motorways, commuting or travelling is a breeze!

(PROPERTY FEATURES)

- Soaring ceilings with skylights
- Renovated kitchen and interiors
- European kitchen appliances
- Induction stovetop
- Integrated fridge, freezer & dishwasher
- Air-conditioned throughout
- Internal patio
- Leafy outlook over Vernon Terrace
- Additional storage unit in garage

(BUILDING FEATURES)

- Only Woolstore with direct river frontage
- Outdoor pool, BBQ & gazebo areas and gardens area overlooking the Brisbane River
- Immediate access to Riverwalk
- Excellent proximity to CityCat Ferry Terminal, CityGlider and Bus Terminal
- Secure parking
- Onsite Management

(SUBURB FEATURES)

LIFESTYLE
- Multitude of cafs, restaurants, bars and specialty shops
- Walking distance to Gasworks Plaza + James Street Precinct
- Walking distance to Riverwalk, New Farm Park + Howard Smith Wharves
- Easy access to public transport network
- Easy access to ICB + Kingsford Smith Drive, M7 + Airport Link Tunnel

TRANSPORT
- 4 km (15 min drive) to Brisbane CBD
- 15km (20 min drive) to Brisbane Airport
- 2 km (5 min drive) to Bowen Hills Train Station
- Teneriffe CityGilder (bus) and CityCat (ferry) terminal + BCC Bus stop

EDUCATION
- New Farm State School + Fortitude Valley State School Catchment zone
- Proximity to Holy Spirit Primary School New Farm + All Hallows School
- Short drive to Brisbane Grammar School, Brisbane Girls Grammar School + a other inner-city private schools

Property History for 148/53 Vernon Tce, Teneriffe, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$1,200,000
06 Mar 2025
Listed for Rent
$500/w
29 Feb 2012
  • 06 Mar 2025
    Sold for $1,200,000
  • 08 Jan 2025
    Listed for Sale $1,200,000
  • 11 Jun 2024
    Listed for Sale Offers over $1,100,000
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About Teneriffe 4005

The size of Teneriffe is approximately 0.9 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Teneriffe in 2016 was 5335 people. By 2021 the population was 5520 showing a population growth of 3.5% in the area during that time. The predominant age group in Teneriffe is 30-39 years. Households in Teneriffe are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Teneriffe work in a professional occupation.In 2021, 46.30% of the homes in Teneriffe were owner-occupied compared with 42.30% in 2016.

Teneriffe has 3,799 properties. Over the last 5 years, Houses in Teneriffe have seen a 43.33% increase in median value, while Units have seen a 99.45% increase. As at 30 April 2026:

  • The median value for Houses in Teneriffe is $3,076,524 while the median value for Units is $1,301,453.
  • Houses have a median rent of $1,100 while Units have a median rent of $800.
There are currently 24 properties listed for sale, and 13 properties listed for rent in Teneriffe on OnTheHouse. According to Cotality's data, 218 properties were sold in the past 12 months in Teneriffe.

Suburb Insights for Teneriffe 4005

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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.