Back 407/1 Gray St
Off Market

407/1 Gray St

New Farm QLD 4005

2
2
2
Apartment
Last sold for $1,950,000
Blair MutchBlair Mutch, last sold this property on 25 November 2025 after 4 days on market.

Overview

Riverside Elegance in Freshwater Apartments

Welcome to this exceptional apartment in the tightly held Freshwater Apartments, where space, position, and lifestyle combine to offer something truly special. Set in a prized north-east corner position and spanning an impressive 118m², this residence captures uninterrupted Brisbane River views that will never be built out, a rare find in New Farm's riverfront precinct. Inside, a generous open-plan layout flows seamlessly from the kitchen through the living and dining areas onto the large balcony, perfectly framing the tranquil river outlook. The design offers privacy between bedrooms, with the master suite featuring its own ensuite and balcony access. The home is complete with ducted air-conditioning, modern finishes, and abundant natural light throughout. Freshwater Apartments is one of New Farm's most desirable riverfront addresses, offering residents direct Riverwalk access, a resort-style pool, and beautifully maintained grounds. Positioned just moments from New Farm Park, Merthyr Village, the Powerhouse, and the James Street precinct, you'll enjoy a lifestyle of absolute convenience with cafés, dining, and shopping all within easy reach. Currently leased at $1,150 per week until March 2026, this is an incredible opportunity to secure a rare riverside home now, with flexibility to move in later or hold as a strong-performing investment. Apartment Features: - Expansive 118m² floor plan with excellent separation between bedrooms - Desirable north-east corner position offering morning light and cooling breezes - Uninterrupted Brisbane River views that will never be built out - Spacious open-plan living and dining area flowing onto a large covered balcony - Modern kitchen with quality appliances, stone benchtops, and ample storage - Master suite with ensuite, balcony access, and river views - Second bedroom with built-in robes and nearby main bathroom - Ducted air-conditioning, ceiling fans, and internal laundry - Two side-by-side enclosed car spaces with garage door - Currently rented at $1,150 per week until March 2026 - Strong rental yield and premium tenant appeal Complex Amenities: - Prestigious and tightly held Freshwater Apartments on the riverfront - Direct access to the Brisbane Riverwalk for walking and cycling - Resort-style pool with riverfront views and landscaped surrounds - Secure building with intercom and lift access - Professional on-site management and beautifully maintained common areas Lifestyle & Location: - Premier New Farm riverfront location with unbeatable connectivity - Walk to New Farm Park, Powerhouse, and Merthyr Village - Easy access to James Street, Gasworks, and Howard Smith Wharves - Surrounded by some of Brisbane's best cafés, dining, and boutiques - Close to public transport including bus and CityCat services - Only minutes to the CBD, Fortitude Valley, and Teneriffe Please contact Blair on 0468 791 950 or blair@gtpartners.com.au for further information and to book an inspection of this property. *Every care and due diligence has been taken in the preparation of this listing. The agency and owner assume no responsibility for the accuracy of the content, and encourage all prospective buyers to conduct their own research.

Features

2 bedrooms
2 bathrooms
2 carspaces
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in New Farm over the last 12 months, the estimated median property value of 407/1 Gray St is $1.13m.

Median value
$1.13m
Estimated value range
$600k - $2.42m
Median days on market
15
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in New Farm. 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 407/1 Gray St

2025
Sold
$1,950,000
Private Sale/Treaty on 25 Nov 2025 by Blair Mutch, of Graczyk Thompson
2024
Rented
Undisclosed
Leased on 04 Sep 2024 by Graczyk Thompson
2023
Rented
Undisclosed
Leased on 05 Sep 2023 by Graczyk Thompson

Happy sellers in New Farm

87%
87% of sellers in New Farm reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 26 reviews in New Farm over the last 12 months.

Local market activity for 2 bedroom apartments in New Farm

In the last 12 months, 89 two-bedroom apartments similar to 407/1 Gray St, have been sold.

This represents a 10% increase in two-bedroom apartments sales when compared to the previous 12 months.

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