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QLD › New Farm › Bailey St

15 Bailey St, New Farm QLD 4005

House

$3,715,000

Last sold

10 July 2026

4

Bedrooms

2

Bathrooms

2

Car spaces

308 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $3,715,000 (10 July 2026).(Recorded sale)
  • FactLand 308 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in New Farm (last 5 years) with land size: median $7,160/m² of land (n=23). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Low-medium density residential (2 or 3 storey mix) (LMR) under the Brisbane City Plan 2014.(Brisbane City Council · 31 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$3,715,000

10 July 2026 · derived via latest_sale

Local land rate: recorded House sales in New Farm (last 5 years) with land size have a median of $7,160/m² of land (n=23). Districts calculation from recorded sales — not a valuation.

New Farm at a glance

13,615

People

$3,800,000

Median sale

$668/wk

Median rent

0.91%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full New Farm report →

Vs New Farm

-2.2%

Median sale

Suburb $3,800,000

+0.03 pp

Gross yield

Suburb 0.91%

Suburb median $3,800,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

Brisbane City Plan 2014

Zone

Low-medium density residential (2 or 3 storey mix)

LMR

Jurisdiction

Brisbane City Council

Brisbane, QLD

Planning overlays

  • Data unavailable

Development activity

Data unavailable

Source

  • Provider: Brisbane City Council
  • Dataset: City Plan 2014 Zoning
  • Retrieved: 31 Aug 2026
  • Version: 2014
  • Parcel: 2SP295785

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Sold$3,715,00010 July 2026
  2. Listedprice unknowncompleted23 June 2026
  3. Listedprice unknowncompleted23 June 2026
  4. Soldprice unknown31 Mar 2025
  5. Listedprice unknowncompleted30 Mar 2025
  6. Listedprice unknowncompleted30 Mar 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 308 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $668/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 308 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

New Farm in one glance

New Farm at a glance

13,615

People

$3,800,000

Median sale

$668/wk

Median rent

0.91%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full New Farm report →

Keep researching

  • Why New Farm? Read the area thesis →
  • What else is on the market in New Farm →
  • Other records on Bailey St →

Listing material

Listed by Ray White New Farm

Architectural Queenslander Transformed for Restorative Family Living

Beautifully transformed behind its timeless Queenslander facade, this architecturally redesigned residence presents a rare fusion of heritage character, contemporary luxury and resort-inspired wellness in New Farm. Conceived as a sanctuary for restorative living, the home has been meticulously reimagined to create a place where family life feels effortless and entertaining comes naturally.

Beyond the secure gatehouse entry, the residence blends original charm with a modern industrial aesthetic showcased through honed concrete floors, timber cladding and a dramatic 5.8-metre void. Defined by a series of intersecting pavilions, this expansive domain opens onto walls of bi-fold doors, forming a seamless relationship between living, dining, and the stunning Miele kitchen, which circulates around an impressive 3-metre island.

Framed by lush greenery and designed to maximise natural airflow and sunlight, the alfresco spaces create a true extension of the home. A private grassed courtyard and poolside terrace provide idyllic settings for entertaining and enjoying family celebrations, while the plunge pool with a cascading waterfall, sauna, and ice bath establishes a wellness retreat for relaxation and rejuvenation.

Read the full description

Upstairs, the home's original character has been beautifully preserved. Here, an open study and elevated verandah provide peaceful spaces for work or quiet unwind. Four bedrooms and a family bathroom are on this level, including a luxurious primary suite with automated blinds, a walk-in robe, and an exquisite double-shower ensuite.

Positioned within one of Brisbane's most coveted lifestyle precincts, this property places every convenience within walking distance. Spend mornings at cafes, browse the boutiques of Brunswick Street and Merthyr Village, relax along the New Farm Riverwalk, or meet friends for dining and entertainment at James Street and Howard Smith Wharves. Families will appreciate the easy walk to Holy Spirit School and New Farm State School, all while enjoying the prestige of an exclusive address just 2.5km from the CBD.

- Architecturally transformed New Farm home on 308sqm

- 4 generous bedrooms, 2.5 bathrooms (1 ensuite), laundry

- Primary suite with walk-in robe and double-shower ensuite

- Upstairs study retreat, open-plan living and dining area with void

- Miele stonetop kitchen featuring a gas cooktop and walk-in pantry

- Private grassed court, rear alfresco terrace, upstairs verandah

- Wellness retreat with plunge pool, waterfall, sauna and ice bath

- 2-car remote garage with rear door to the grassed court

- Ducted and split system air-conditioning, solar panels, cameras

- 350m to Merthyr Village precinct, 650m to New Farm Park

- 250m to Holy Spirit School, 650m to New Farm School, 2.5km to CBD

To obtain further information, please contact Josh Brown on 0403 139 397 or Ruby Kiriyama-Brown on 0450 220 037.

Listing description written by Josh Brown, Ray White New Farm — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.