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Back 5/598 Lower Bowen Terrace
Off Market

5/598 Lower Bowen Terrace

New Farm QLD 4005

1
1
63 m²
Apartment
Last sold for $545,000
Tom LyneTom Lyne, last sold this property on 28 September 2021 after 35 days on market.

Overview

Osmaston

Introducing the Osmaston building. Meticulously renovated to reinstate its former charm, preserving and highlighting the original Art Deco Features. This building today stands as a proud testament to building craftsmanship, both old and new, and is the first of its kind in New Farm. Osmaston was constructed in the 1930s by Albert George Silvester, a former photographer, in the Art Deco style representing luxury, glamour and exuberance with a classic timeless elegance. The building has a unique history. In 1942 at the height of World War II, the American Navy selected Brisbane as a strategic base to support a major submarine offensive in the Pacific. In April of that year the first American submarines arrived at Capricorn Wharf on Macquarie Street and all 6 apartments in Osmaston were leased by the US Navy to accommodate its Officers until March 1945. Following the War, Osmaston remained as flats and underwent numerous alterations. 598 Lower Bowen Terrace, New Farm offers : • One and two bedroom apartments renovated to the highest standards, preserving rich heritage features with the addition of quality modern conveniences • Boutique building of only six stunning apartments • Bedrooms immaculately restored to include built in wardrobes and air conditioning • Original leadlight windows reconditioned, heritage light features and ornate ceiling designs • Opulently finished with the finest materials including oak timber flooring, stunning Carrara marble and brass detailing • Every detail considered with acoustic flooring, split air con system, quality Miele appliances and generous storage • Northeast views across New Farm from the generous sized balconies • Expect to experience a new level of privacy and exclusivity, whilst owning part of an historic masterpiece in New Farm • Moments from New Farm Park, the River and Ferry terminal, public transport on the street, a short stroll to Merthyr Village, Powerhouse, and the Howard Smith Wharves Rich in history and masterfully restored to continue to be a much loved and admired New Farm landmark. You cannot find another Art Deco offering like this! For more information, please contact Tom Lyne 0423 696 862 or Josh Thomson 0421 206 270 directly. < For the full virtual property walkthrough, please view here: https://youtu.be/JmCTjK0y2Lw >

Features

1 bedroom
1 bathroom
63 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in New Farm over the last 12 months, the estimated median property value of 5/598 Lower Bowen Terrace is $705k.

Median value
$705k
Estimated value range
$420k - $960k
Median days on market
14
Estimated value trend
24%
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 5/598 Lower Bowen Terrace

2023
Rented
Undisclosed
Leased on 24 Oct 2023 by Living Here Cush Partners
2023
Rented
Undisclosed
Leased on 23 Oct 2023 by Living Here Cush Partners
2021
Sold
$545,000
28 Sep 2021 by Tom Lyne, of Ray White New Farm

Happy sellers in New Farm

86%
86% 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 21 reviews in New Farm over the last 12 months.

Local market activity for 1 bedroom apartments in New Farm

In the last 12 months, 46 one-bedroom apartments similar to 5/598 Lower Bowen Terrace, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in New Farm

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Aaron Woolard

Sellers who recommend Aaron Woolard have praised them for being clear communication, local expert, responsive, friendly, supportive, honest and reliable

  •   4.9   (680 reviews)
  •  10 Reviews in New Farm
  •  41 Sales in New Farm
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Flyn Park

Flyn Park is a recommended agent for New Farm.  They have 13 local sales and collected 5 local reviews across the last 12 months.

  •   5   (47 reviews)
  •  5 Reviews in New Farm
  •  13 Sales in New Farm
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Dimitri Cassidy

Dimitri Cassidy is a recommended agent for New Farm.  They have 4 local sales and collected 1 local review across the last 12 months.

  •   5   (16 reviews)
  •  1 Review in New Farm
  •  4 Sales in New Farm
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Jamie Charman

Sellers who recommend Jamie Charman have praised them for being local expert, responsive, great negotiation, empathetic, supportive, clear communication and reliable

  •   5   (27 reviews)
  •  1 Review in New Farm
  •  2 Sales in New Farm
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