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.
QLD › New Farm › Lechmere St
$3,043,000
Last sold
28 Feb 2026
3
Bedrooms
2
Bathrooms
1
Car spaces
425 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$3,043,000
28 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in New Farm (last 5 years) with land size have a median of $7,574/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.
Vs New Farm
-19.9%
Median sale
Suburb $3,800,000
+0.23 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 data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
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.
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.
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
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.”
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
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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by Place New FarmAuction Location: ON-SITE
Rising gently from its 425m² allotment, with 15-metre frontage, this 1923 Queenslander stands as a quiet constant within New Farm, its single-level façade and traditional form offering an immediate sense of familiarity and belonging. Held by the same family, with ownership dating back to 1916, the home reflects more than a century of continuity, care and deep connection to the local community. Framed by mature planting and neighbouring character homes, it presents with warmth and ease, hinting at the layers of history and everyday life held within.
A welcoming sunroom introduces the home and sets the tone for a layout that balances separation with natural flow, allowing the interiors to adapt and evolve with modern living while retaining the hallmarks of a classic Queenslander. High ceilings and well-placed casement windows draw in natural light and encourage cross-breezes, enhancing the home's generous proportions and creating spaces that feel open, airy and comfortable.
Semi-open in design, the living area forms a natural gathering point, connecting seamlessly to the dining space and kitchen via a servery-style opening. This thoughtful plan supports both daily routines and relaxed entertaining, reinforcing the home's practical, family-focused character. The kitchen is equipped with laminate benchtops, generous cabinetry and freestanding cooktop and oven, offering a solid foundation with clear scope for reimagining.
Accommodation comprises three generously sized bedrooms, each benefiting from high ceilings and natural light. The traditional sunroom provides a flexible additional space suited to reading, working from home or quiet retreat, while a separate multipurpose room adds further versatility. The bathroom has been renovated with full-height tiling and a walk-in shower, delivering a comfortable and accessible layout that sits naturally within the home's original framework.
Below the home, an additional bathroom and laundry are accompanied by a mix of enclosed rooms and open areas, presenting exciting scope for storage, creative pursuits or future development, subject to council approval. This lower level adds flexibility and potential, allowing the home to grow and change while remaining grounded in its past.
Outdoors, the rear yard unfolds as a private, leafy backdrop, with established trees creating a sense of seclusion and calm. There is room to shape outdoor living areas, gardens or play spaces over time, while side access and existing car accommodation enhance everyday practicality without detracting from the home's character.
Centrally positioned, the address sits within walking distance of New Farm Park, riverwalks, the ferry terminal and leading local schools, with James Street, Howard Smith Wharves, Gasworks and Merthyr Village all close by. Homes offering this depth of history and future promise are rarely available. For those seeking a long-term family residence, a thoughtful renovation project or a blue-chip landholding, this is an opportunity to become the next custodians of a Queenslander ready for another generation.
Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Listing description written by Aaron Woolard, Place New Farm — reproduced as published, not verified by Districts.