SOLD
RECENT ADVICE
Sold on 22 Nov 2023 for $350,000

1006/10 Balfours Way
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
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Property Details for 1006/10 Balfours Way, Adelaide

1006/10 Balfours Way, Adelaide is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Apartment sold in Adelaide in the last 12 months.

Building Type
Apartment
Floor Size
64m2
Local Government
Adelaide
Lot/Plan
F1006/C26048

Last Listing description (November 2023)

Fantastic City Lifestyle and a prime investment opportunity.

Located in the heart of the West End Precinct this spacious apartment offers a wonderful city lifestyle and a viable investment with endless opportunities. The location is ideal with everything at your doorstep. First class dining and shopping is conveniently located with the Adelaide Markets and Gouger Street only two blocks away.

Light Square, the Medical Precinct, and the Riverbank Precinct with Adelaide Oval, Convention Centre and the Festival Theatre are within short walking distance. Adelaide's universities and Tafe are also very close by, and public transport is easily accessible.

Choose to live in as an owner occupier, lease the apartment on a short-term basis through Airbnb, lease it privately or take advantage of the viable rental returns on offer through the Oaks Hotels and Resorts. Currently returning a guaranteed rent of $2,361.67 per month ($545.00 per week).

Positioned on the 10th floor, this one-bedroom apartment boasts panoramic views over sparkling city lights of Adelaide, the Adelaide Hills, and amazing sunsets over the ocean. Inside the apartment has offers modern decor and light filled open plan living and dining giving it a modern and spacious feel. The kitchen is well equipped with solid bench tops and quality fixtures and fittings.

Make your way through the floor to ceiling glass sliding doors to the full width balcony that doubles as an all-weather sunroom with toughened bi-fold windows. Perfect area for everyday alfresco dining, entertaining guests or just taking in the breathtaking views.

The bedroom is excellent size with room for a king size bed, built in robes and west facing views over the city and Adelaide Hills. The bathroom is modern in design with floor to ceiling tiles, large shower, and quality finishes. Further features include reverse cycle air conditioning, Cat-5 cable throughout the building and excellent security with swipe card access and video intercom to allows guests to your room.

A rarity with city living, the apartment also features a secure internal car park with swipe card access from the lifts straight to your floor plus a storage cage! Situated on the 6th floor all residents are welcome to the extensive communal facilities with Adelaide's first indoor glass bottom pool suspended high above the ground, spa, sauna, and steam room.

Be quick to secure this wonderful opportunity in the world's 12th most liveable city!

PROPERTY INFORMATION:

Certificate of Title: Volume 6057 Folio 711

Council: City of Adelaide

Year Built: 2009

Oaks Management Fees: $283.09 per month (approx.) *Only applicable if leased to the Oaks.

Council Rates: $1,662.85 per annum (approx.)

SA Water Rates: $189.28 per quarter (approx.)

Community Fees
Admin Fund: $893.00 per quarter (approx.)
Sinking Fund: $277.00 per quarter (approx.)

ESL: $440.80 per annum (approx.)

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Property History for 1006/10 Balfours Way, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$350,000
22 Nov 2023
  • 18 Dec 2023
    Sold for $350,000
  • 25 Aug 2023
    Listed for Sale $345,000 - $375,000
  • 24 Aug 2021
    Transferred
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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 17,732 properties. Over the last 5 years, Houses in Adelaide have seen a 55.29% increase in median value, while Units have seen a 24.26% increase. As at 30 September 2024:

  • The median value for Houses in Adelaide is $1,117,950 while the median value for Units is $513,770.
  • Houses have a median rent of $615 while Units have a median rent of $570.
There are currently 179 properties listed for sale, and 82 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1061 properties were sold in the past 12 months in Adelaide.

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