FOR SALE
$320k - $350k

302/21-39 Bentham Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Annual rent income of $25,362!

If you're looking for a hands-off investment with guaranteed income and zero hassle, this property might be exactly what you need. With a solid annual return of $25,362, this is a smart investment that's easy to maintain.
Situated on the 2nd floor of the historic Franklin Apartments building in the lively heart of Adelaide's CBD, this fully-furnished, two-bedroom apartment is an affordable entry point for investors.
This flexible property is primed to enhance your portfolio. Secure this fantastic opportunity in one of Adelaide's most desirable locations, with Central Market, Rundle Mall, the Riverbank precinct, and more just a short stroll away.
What we love:
- Fully furnished and professionally managed
- Operates under a lease-back/rent-back arrangement
- Lift access
- No property management fees
- Guaranteed annual rental income (if leased back), offering a reliable -Investment/superannuation option with reviews every two years and likely CPI increases
- Low annual fees
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Property Details for 302/21-39 Bentham St, Adelaide

302/21-39 Bentham St, Adelaide is a 2 bedroom, 1 bathroom Apartment. The place is currently for sale with Ouwens Casserly Real Estate - Adelaide/Henley Beach.

Building Type
Apartment

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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 18,023 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 165 properties listed for sale, and 89 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 988 properties were sold in the past 12 months in Adelaide.

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