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315/1 Gray Street, New Farm$1.51m
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315/1 Gray Street

New Farm, QLD 4005, Australia
$1.51m
2 bed 2 bath 1 car124 m²

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Listing description

About this property

Auction, Wednesday 27th May at 5:30pm | In-Rooms at Ray White Ascot Positioned in the tightly held Freshwater complex, this city-facing apartment presents an outstanding opportunity for buyers seeking lifestyle, quality and future upside in the heart of New Farm. The owner has committed elsewhere and requires a sale, creating a genuine opportunity to secure a premium third floor apartment in one of Brisbane's most desirable riverfront locations. Designed for comfortable living with a refined, modern feel, the apartment features two spacious bedrooms, two bathrooms and secure car accommodation. High-end finishes are evident throughout, including Chevron Pattern timber flooring, granite kitchen benchtops, gas cooktop and beautifully appointed bathrooms with marble tiles and benchtops. Additional apartment features: • Upgraded zoned ducted air conditioning • Aluminium moveable exterior shutters • Fly screens to balcony doors • Main bathroom with bathtub and integrated European laundry • Neutral tones throughout, ready to personalise Additional complex features: • 87 apartments over 5 levels • Intercom access and on-site management • Secure underground car parking • Four lifts throughout the complex • Resort-style swimming pool positioned on the riverfront • BBQ and entertaining area • Central atrium-style entry creating a sense of scale and arrival • Total base area - 8,746sqm of prime riverfront land Well maintained and move-in ready, there is also scope for the next owner to add further value over time. Residents of the tightly held Freshwater complex enjoy resort-style amenities including a 23m swimming pool, landscaped gardens and direct access to the riverwalk. Positioned on an expansive 8,746sqm of prime riverfront land, the complex offers a rare lifestyle opportunity, all just moments from New Farm's renowned cafés, restaurants and vibrant lifestyle precinct. This is a must inspect for buyers looking to secure a quality apartment in a blue-chip location. Rates: Approx. $454.15 per quarter. Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise. Due to REIQ legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
124 m²
Listed
2 months ago

Repayment calculator

$7,345/month
$3,672 /fortnight
Loan $1,212,000 at 6.10% over 30 years

Upfront costs

Deposit$303,000
Stamp duty$67,638
Conveyancing (est.)$2,000
Total upfront$372,638
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in New Farm

This 2-bedroom apartment in New Farm, QLD 4005 sits within reach of public transport, local shops and nearby schools. It is listed 28% below the $2.10m median of 63 comparable apartmentswithin 5 km.

Schools near New Farm

  • Holy Spirit Schoolprimary · Prep-6 · CoEd
  • New Farm State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Merthyr Rd at Hawthorne Street, stop 13 (bus)83 m away
  • Orb Hair & Beauty173 m away
  • Unnamed267 m away
  • Hardcastle Park395 m away
  • Catalina Park462 m away

New Farm at a glance

Full suburb profile
Population
12,197
Median age
39
Household income
$2,069/wk
Median rent
$405/wk
Median mortgage
$2,264/mo

Source: ABS Census.

Due diligence

Property Report

Heritage & Conservation

Complete
Heritage listedConservation area

New Farm is an inner-Brisbane suburb with significant heritage character, featuring a conservation area overlay that protects early 20th-century residential and civic architecture. The area includes the Queensland Heritage Register-listed Newstead House and numerous local heritage properties reflecting Edwardian and Federation-era development. Properties within the conservation area are subject to heritage design review for external modifications and demolition.

Restrictions

  • Prohibition or requirement for approval of external alterations to heritage-listed buildings
  • Limitations on demolition of structures within conservation area
  • Requirements to maintain character-defining architectural features
  • Setback and fence height controls to preserve streetscape character

Nearby heritage items

New Farm ParkLocal
500 m
New Farm PowerhouseLocal
800 m
Newstead HouseState
1.2 km
Queensland Museum & SciencentreState
2.5 km
1.3km2.5km3.8km5kmNew Farm Park — 0.5 kmNew Farm Powerhouse — 0.8 kmNewstead House — 1.2 kmQueensland Museum & Sciencentre — 2.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Source: StMate AI — QLD heritage registers06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

New Farm price trend

Median sold · Unit 2 bed

Compound growth +11.2% / yr over 4 yrs

$1.10mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full New Farm market

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Price history

Price history

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Within 5km

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