SOLD
Sold on 16 May 2024 for $508,000

1207/96 North Terrace
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 87m2
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Property Details for 1207/96 North Tce, Adelaide

1207/96 North Tce, Adelaide is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2002. The property has a land size of 87m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Townhouse sold in Adelaide in the last 12 months.

Building Type
Townhouse
Year Built
2002
Floor Size
86m2
Land Size
87m2
Local Government
Adelaide
Lot/Plan
F1207/C21121

Last Listing description (June 2024)

Live it up in this spacious lifestyle apartment or take advantage the viable investment opportunities on offer.

Perfectly located in Adelaide's most talked about city location adjacent the iconic Adelaide Oval, River Torrens and less than 500 metres to the new Research and Medical Precinct, this spacious 2 bedroom apartment with an internal car park offers an excellent low maintenance lifestyle and a lucrative investment opportunity.

Everything the city has to offer is right at your doorstep! The exciting River Torrens Precinct, Adelaide Oval, and less than 500 metres to the Medical Precinct consisting of the new Royal Adelaide Hospital (RAH), South Australian Health and Medical Research Institute (SAHMRI), South Australian Health and Biomedical Precinct (SAHBP), Uni SA Health Innovation Building (HIB) and the Adelaide Health and Medical Sciences Building (AHMS).

First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School and Adelaide Botanic High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.

The flexibility of this apartment allows you to do as you please. Live in as an owner occupier, lease the apartment privately on a short term or long-term basis or take up the option of the fuss free management agreement provided by the Oaks Hotels and Resorts. Currently returning a guaranteed at $2,686.67 per month ($620.00 per week).

**This apartment meets the requirements for stamp Duty Exemption (Subject to Revenue SA Approval). That's a potential saving of over $16,000! ** For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land) or contact Toby *

Situated in on the 12th floor in south-east corner of the Embassy, the apartment comes fully furnished equipped with everything you could ask for. As you enter the apartment you are welcomed with a wide entrance hallway which flows through to the beautifully appointed kitchen complete with solid granite bench tops and stainless steel appliances.

The adjacent open plan living area is great size and light filled with the extensive use of picture windows framing the stunning outlook over the city skyline, the Adelaide Hills and summer sunsets over the ocean. Direct access takes you to the private balcony, a wonderful space for entertaining guests and sitting back while taking in the views.

The bathroom is conveniently located for guests and the two generous bedrooms, both with built in robes. Further standout features include ducted reverse cycle air conditioning, European style laundry, video intercom, recently renovated foyers, 24 hour reception in the foyer and excellent security with a swipe card system for the lifts taking you from your car park straight to your floor.

The complex also provides free use of resort style facilities with an indoor heated lap pool, spa, sauna and state of the art gymnasium.

PROPERTY INFORMATION:

Oaks Management Fee: $321.06 per month (approx.) - Only applicable if leased to the Oaks.

Council rates: $2,112.00 per annum (approx.)

SA Water rates: $166.64 per quarter (approx.)

Community rates
Admin: $1,115.00 per quarter (approx.)
Sinking: $373.00 per quarter (approx.)

Emergency Services Levy: $524.60 per annum (approx.)

Property History for 1207/96 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$508,000
16 May 2024
  • 16 May 2024
    Sold for $508,000
  • 13 Feb 2024
    Listed for Sale UNDER OFFER - CONTACT TOBY SHIPWAY
  • 31 Mar 2011
    Sold for $382,000
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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 17,717 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 87 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1000 properties were sold in the past 12 months in Adelaide.

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.