Back 204/28 Masters Street
Off Market

204/28 Masters Street

Newstead QLD 4006

2
2
1
121 m²
Apartment
Last sold for $1,000,000
Robert LamprechtRobert Lamprecht, last sold this property on 23 May 2026 after 28 days on market.

Overview

Location, Location, Location!

Opportunities like this are incredibly rare, with two-bedroom units in this tightly held, very quiet boutique complex of just 30 residences seldom coming to market. Built approximately 20 years ago with solid Besser brick construction between units, 28 Masters St is renowned for its durability, low-maintenance appeal, and unbeatable location just moments from Gasworks, the riverwalk, public transport, and a vibrant selection of trendy cafés, bars, and restaurants. Positioned on the second floor with an easterly aspect, Unit 204 offers a generous 105m² of recently renovated living, featuring the highly sought after advantage of both front and rear outdoor areas, expansive interiors with oversized living spaces and bedrooms comfortably accommodating king-sized beds, and an airy, light-filled atmosphere enhanced by rare bathroom windows and refreshing cross-breezes throughout. Unit 204 is an exceptional home in a quality complex built to truly stand the test of time. - 105m² of living ( pet friendly ) - Body corporate fees: $1731 approx per quarter - Rates $548 approx per quarter - Utilities $348 approx per quarter  - Sinking fund: $150,000 + approx - Renovated Oak like timber floors, new kitchen stone bench tops, new AC in living and master, new carpets and new vanities in bathrooms - Generously sized master and second bedroom which fit easily a king-size bed - Very active body corporate community with 68% owner occupied - Low maintenance walkup complex with no pool, gym or lifts - Proximity to Gasworks (Total Fusion, Baker D. Chirico, Woolworths flagship store, Standard Market and many more), James Street, Powerhouse and New Farm Park, Howard Smith Wharves and the CBD.

Features

2 bedrooms
2 bathrooms
1 carspace
121 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Newstead over the last 12 months, the estimated median property value of 204/28 Masters Street is $1.14m.

Median value
$1.14m
Estimated value range
$640k - $2.8m
Median days on market
26
Estimated value trend
30%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newstead. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 204/28 Masters Street

2026
Sold
$1,000,000
Private Sale/Treaty on 23 May 2026 by Robert Lamprecht, of McGrath New Farm

Happy sellers in Newstead

95%
95% of sellers in Newstead reported that their sale price either exceeded or met their price expectations.

Newstead stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Newstead over the last 12 months.

Local market activity for 2 bedroom apartments in Newstead

In the last 12 months, 157 two-bedroom apartments similar to 204/28 Masters Street, have been sold.

This represents a 21% increase in two-bedroom apartments sales when compared to the previous 12 months.

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