Hindmarsh SquareAdelaide SA 5000
Property Details for 118/55 Hindmarsh Sq, Adelaide
118/55 Hindmarsh Sq, Adelaide is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Adelaide in the last 12 months.
Last Listing description (April 2024)
This well presented one bedroom apartment is located in the Mantra Hindmarsh Square in the centre of the CBD. Mantra Hindmarsh Square is an intended 4.5 star Hotel with serviced apartments. High yield income generating investment with a net return of approx. $1200 per month.
Owners are entitled to an annual 14 nights free accommodation, which is perfect for out of town or overseas investors. This fantastic investment opportunity comes with no maintenance concerns and no tenant selection process.
Features we love about this property:
- Open plan living, dining, kitchen with stainless steel appliances.
- Ample storage throughout
- Private balcony
- Reversed cycle air conditioning for all year comfort
- 24 hr reception, room service and concierge
- Access to the gym, bars, cafe and restaurant
- Close to Rundle mall shopping precinct
For more information and to organise a private inspection, please contact Bobbie Kang on 0452 201 933.
Property History for 118/55 Hindmarsh Sq, Adelaide, SA 5000
- 08 Jan 2024Listed for Sale $230,000-$250,000
- 06 Nov 2023Listed for Sale $220,000
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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.
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