3/46 Merthyr Road New Farm QLD 4005

Rare 142m² lot for 1-bed apartment|$721K est value|$555pw rental yield|2 secure parks|This one-bedroom apartment on a 142m² lot suits professionals or investors seeking low-maintenance inner-city living with ample parking. Its generous land allocation sets it apart from typical units in the street, offering a sense of space uncommon in this block configuration. The dual car spaces enhance practicality for urban dwellers reliant on vehicles amid limited street parking nearby. Positioned in a residential zone free of flood or bushfire risks, it provides straightforward holding appeal without overlay complications. Buyers drawn to similar one-bedders here often include first-home buyers or downsizers valuing proximity to New Farm State School catchment and reliable NBN connectivity. Market data shows these properties maintaining steady capital growth, with the last sale at $335,000 in 2013 underscoring significant appreciation over the decade. Recently updated interiors support versatile use as a rental or personal residence, bolstering its yield potential in a tight parking market. Long-term, the scarcity of such lot sizes in established complexes like this ensures resilient demand from lifestyle-focused tenants and owner-occupiers alike. Comparable apartments on Merthyr Road have held value well, reflecting the street’s consistent buyer interest.