FOR SALE
720,000 - 750,000

11/40 Gilbert Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 89m2
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Great Investment – Front facing – Cosmopolitan Location

This spacious apartment on the top floor of a small boutique allotment, with large entertaining balcony could be the smart investment you've been looking for. Elevated at the front of the building gives you the benefit of exceptional views over the city.
You'll be delighted with the size of the living area which features solid timber flooring, reverse cycle air conditioning and offers an abundance of natural light.
The gourmet chef's kitchen features stone bench tops, an abundance of cupboard space, island bench with soft-close drawers & waterfall ends, quality stainless steel appliances, and includes an integrated fridge.
There are 2 double sized bedrooms with extensive built-in robes, large picture windows, and higher ceilings throughout . The master suite has a sparkling ensuite and plenty of space for both 'his and hers' wardrobe essentials.
The second bathroom has stylish European tiling, large shower space, and good storage. The laundry area includes a deep linen cupboard, overhead drying racks, and comes complete with the washing machine included in the sale.
This small group of private apartments have been built by renowned builder Forme Projex and completed in 2012. Securing an apartment in this complex surrounded by coffee shops, supermarket, restaurants, and local convenience stores, is a smart investment opportunity that you don't want to miss. The apartment block is extremely secure to the lock up car park and has an internal lift.

Property Details for 11/40 Gilbert St, Adelaide

11/40 Gilbert St, Adelaide is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 89m2. The place is currently for sale with Savance Real Estate.

Building Type
Apartment
Floor Size
89m2

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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2011 was 12,961 people. By 2016 the population was 15,129 showing a population growth of 16.7% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation. In 2011, 31.3% of the homes in Adelaide were owner-occupied compared with 32.4% in 2016.

Adelaide has 18,024 properties. Over the last 5 years, Houses in Adelaide have seen a 56.83% increase in median value, while Units have seen a 30.63% increase. As at 30 November 2024:

  • The median value for Houses in Adelaide is $1,134,010 while the median value for Units is $534,563.
  • Houses have a median rent of $620 while Units have a median rent of $580.
There are currently 170 properties listed for sale, and 90 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1017 properties were sold in the past 12 months in Adelaide.

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Dawn Danton
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Michael Lee
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Savance Real Estate
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