FOR SALE
$165,000 - $180,000

401 & 422/304 Waymouth Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Viable, no maintenance investment or live in opportunities!

Priced - $175,000 - $190,000 each
Perfectly positioned in Adelaide CBD's West End, these studio apartments offer excellent, low risk investment opportunities or a secure and convenient city lifestyle for owner occupiers.
For the investor - Currently managed by UniLodge, the income is generated through a high occupancy pool scheme with an average yield return of above 7.2% after management and operating expenses. Looking to move in as an owner occupier, this can be done via 3 months written notice at the middle and end of the semester.
The location is fantastic with all the conveniences of city living within walking distance. A short stroll will take you to Adelaide's education facilities with University of South Australia Campuses, Adelaide Health and Medical Sciences, Adelaide University and TAFE all very close by.
Also within walking distance you'll find the exciting Riverbank Precinct with Adelaide Oval, the Convention Centre and Festival Theatre, Adelaide Casino and a huge choice of shopping, dining and entertainment options on Gouger Street and the Adelaide Central Markets. Public transport is of course easily accessible.
Stand out apartment features include:
- Full furnished
- 2.7m high ceilings
- Open plan living & dining
- Kitchenette with cooktop, microwave and fridge
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Property Details for 401 & 422/304 Waymouth St, Adelaide

401 & 422/304 Waymouth St, Adelaide is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Ray White Adelaide City.

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 17,720 properties. Over the last 5 years, Houses in Adelaide have seen a 57.01% increase in median value, while Units have seen a 24.34% increase. As at 31 October 2024:

  • The median value for Houses in Adelaide is $1,128,901 while the median value for Units is $517,565.
  • Houses have a median rent of $610 while Units have a median rent of $580.
There are currently 177 properties listed for sale, and 83 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1001 properties were sold in the past 12 months in Adelaide.

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Toby Shipway
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Ray White Adelaide City
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