SOLD
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Sold on 23 Jan 2024 for $230,000

1007/23 King William Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Property Details for 1007/23 King William St, Adelaide

1007/23 King William St, Adelaide is a 2 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Adelaide in the last 12 months.

Building Type
Unit
Local Government
Adelaide
Lot/Plan
F1007/C23717

Last Listing description (January 2024)

Please contact Andrew Robey from Magain Real Estate for all your property advice.

This unit, located right in the heart of Adelaide's CBD, is truly a unique discovery. Nestled within a charming heritage-listed building at 23 King William Rd, this property offers a valuable piece of real estate in one of the world's top three most livable cities. With an impressive rental income potential of $400 per week, this opportunity is simply too good to pass up.

This apartment boasts spacious communal areas, including game rooms and a shared laundry facility, making it an ideal choice for students, Airbnb hosts, long-term renters, or owner-occupiers seeking a prime city location. Rundle Mall and Hindley Street, famous for shopping, dining, bars, and entertainment, are conveniently just across the street. If you have a penchant for culture, the Adelaide Museum and the Art Gallery of SA are just a stone's throw away. Additionally, Adelaide University and the City Library are within easy reach. Don't forget that the Adelaide Casino, Entertainment Centre, and Adelaide Oval are all within walking distance.

Additional features include:
• 2 bedrooms with approximately 38 square meters of space
• Located on the 10th floor in the heart of Adelaide's CBD
• Building equipped with three elevators and a total of 70 apartments
• Currently rented at $400 per week
• Enjoy common areas, a games room, and laundry facilities
• Close proximity to shops, restaurants, the casino, bars, Adelaide University, museums, and Adelaide Oval

Outgoing Fees
Strata (Including Sinking) $1404 - Per Quarter

All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified. (RLA 222182)

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Property History for 1007/23 King William St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$230,000
23 Jan 2024
Listed for Rent
$475/w
14 Mar 2024
  • 23 Feb 2024
    Listed for Rent $475 / week
  • 15 Feb 2024
    Sold for $230,000
  • 24 Oct 2023
    Listed for Sale Not Disclosed
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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 17,716 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 181 properties listed for sale, and 90 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 997 properties were sold in the past 12 months in Adelaide.

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Andrew Robey
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