12/178 Bowen Terrace, New Farm QLD 4005

River views | tightly held block | 121sqm internal | first home or downsizer | auction within 3 weeks This unit offers a rare combination of generous internal space and a prized address on Bowen Terrace, within a complex where long-term owners dominate — a signal of genuine livability and low turnover risk. The 121sqm floorplan, secure parking, and dual-aspect river and city outlook are features typically found in larger or newer apartments, giving this property a competitive edge for buyers seeking value in a prestige suburb. It suits first-home buyers wanting immediate move-in comfort, downsizers prioritising space and views, or investors targeting a tightly supplied market with proven owner-occupier demand. The primary risk is the absence of recent comparable sales in the block, making price discovery reliant on broader New Farm unit data and auction dynamics. The 1996 last sale and limited building activity suggest potential for deferred maintenance, though no overlays or structural issues are flagged. The opportunity lies in the vendor’s likely long holding period, which may translate to realistic price expectations, and the auction format — with only three weeks to market, motivated buyers can position early with a pre-auction offer if inspection feedback is strong.