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QLD › New Farm › Terrace St

24 Terrace St, New Farm QLD 4005

House

2

Bedrooms

1

Bathrooms

1

Car spaces

193 m²

Land

193 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • CalculationRecorded House sales in New Farm (last 5 years) with land size: median $7,367/m² of land (n=24). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

No recorded sale price for this property yet.

Local land rate: recorded House sales in New Farm (last 5 years) with land size have a median of $7,367/m² of land (n=24). Districts calculation from recorded sales — not a valuation.

New Farm at a glance

13,615

People

$3,757,500

Median sale

$668/wk

Median rent

0.92%

Suburb gross yield

Median sale from 16 recorded sales (last 12 months) — a Districts calculation.

See the full New Farm report →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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. Soldprice unknown9 May 2025
  2. Listedprice unknowncompleted23 Apr 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?

Planning 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.

What could kill that thesis?

Confidence: low

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

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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

$3,757,500

Median sale

$668/wk

Median rent

0.92%

Suburb gross yield

Median sale from 16 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 Terrace St →

Listing material

Listed by Percival Property Group

(A RARE NEW FARM WORKER'S COTTAGE)

A quaint worker's cottage in a prime New Farm location, this property sits in a quiet cul-de-sac, offering unparalleled privacy and a peaceful retreat in one of the city's most vibrant pockets.

Retaining its humble charm, this is the perfect low-maintenance inner-city residence or investment opportunity, just a stone's throw from Howard Smith Wharves and the New Farm Riverwalk.

(PROPERTY SNAPSHOT)

Read the full description

- 2 Bedrooms

- 1 Bathroom

- 1 Carport

- 193 SQM

- Single level layout

- Air-conditioning installed

- Cul-de-sac position

These undeniably captivating, yet practical worker's cottages, built between the mid-19th to early 20th century, have become synonymous with Queensland. Highly sought-after for their single-level, often square floor-plan, opportunities such as 24 Terrace Street are exceptionally rare.

Built to optimise airflow, this property features a wide front verandah, which acts as a lovely al-fresco area for residents to enjoy. Spanning off the central hallway which creates a refreshing cross-breeze, two bedrooms sit side-by-side, with the main bedroom opening onto the verandah through double doors. The bathroom at the rear of the property also houses the laundry.

The open plan living and dining area is opposite the practical kitchen with plenty of storage space. The timber deck has been raised in line with the living quarters to create seamless indoor outdoor living. Astro turf in the backyard makes for a low-maintenance outdoor space, surrounded by custom-built garden beds - the perfect setting to relax or entertain year round!

VJ walls and ornate breezeways throughout perfectly complement the rippled, stained glass windows and timber floors, subtle reminders of the house's history. An enchanting example of Queensland heritage, this home retains its old-world charm offering plenty of potential to put your touch on its delightful interiors.

Perfectly positioned between the Brisbane River and James Street, enjoy the enviable New Farm lifestyle on your doorstep. Just moments to the CBD by car or public transport, this property is close to so many of New Farm's most popular cafes, restaurants and shops. Enjoy inner-city living at its best!

(PROPERTY FEATURES)

- Timber flooring

- VJ wall panelling

- Sash windows

- Decorative breezeways

- Covered verandah

- Timber deck

- Lattice work detailing

- Weatherboard exterior

- Corrugated iron roof

- Custom-built garden beds

- Astroturf backyard

- Low-maintenance front yard

(SUBURB FEATURES)

LIFESTYLE

- Multitude of cafés, restaurants, bars + specialty shops

- Proximity to to Merthyr Village + 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 + AirportLink Tunnel

TRANSPORTATION

- 3 km (10 min drive) to Brisbane CBD

- 17 km (20 min drive) to Brisbane Airport

- 2.5 km (7 min drive) to Fortitude Valley Train Station

- 500m (10 min walk) to CityCat (ferry) terminal + nearest 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 + other inner-city private schools

Listing description written by Ben Percival, Percival Property Group — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Deck
  • Secure Parking
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.