SOLD
RECENT ADVICE
Sold on 22 Jan 2024 for $285,000

211/185 Morphett Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 51m2
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Property Details for 211/185 Morphett St, Adelaide

211/185 Morphett St, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Apartment sold in Adelaide in the last 12 months.

Building Type
Apartment
Floor Size
51m2
Local Government
Adelaide
Lot/Plan
F211/C25362

Last Listing description (January 2024)

Are you looking for that perfect investment without the hassle of managing the property, or wish to move into this prime city location, great for student accommodation, come and view The Gallery. Part of the original Balfours redevelopment this stylish one bedroom apartment with King size bed and built-In wardrobes, plus open plan living (including full kitchen and dishwasher) offers the option of an enclosed sunroom / balcony which extends the living options all year with Eastern views to the city. European laundry, plenty of storage and reverse cycle air conditioning. With secure access and hotel-reception in the downstairs lobby; the complex facilities include elevated pool (with glass walls and floor), spa and steam room.
No 185 Morphett Street (on the corner of Franklin Street) is wonderfully positioned between the Central Market and Chinatown, the Central Bus Station, the entertainment strip of Hindley Street and the cultural precinct of North Terrace. Managed (for the investor) by the Oaks Hotel chain, a set return on investment (regardless of occupancy) and with generous clauses; makes this a most worthy investment. For the owner occupier, the strata-management fee offers an attractive live-in option for hotel accommodation whilst accruing an asset. Pet Friendly

Council - City of Adelaide

Council Rates - $1739 pa
SA Water Rates - $153.70 pq
Emergency Services Levy - $342.95 pa
Admin Fund - $796.00 pq
Sinking Fund - $129.00 pq
Year Built - 2009
Total Build area - 50m² approx.
# All information provided has been obtained from sources we believe to be accurate. However, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to property's land size, floorplans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Property History for 211/185 Morphett St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$285,000
22 Jan 2024
  • 12 Feb 2024
    Sold for $285,000
  • 20 Oct 2023
    Listed for Sale $275,000 - $295,000
  • 12 Oct 2012
    Listed for Sale $330,000
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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 17,720 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 181 properties listed for sale, and 86 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1002 properties were sold in the past 12 months in Adelaide.

Suburb Insights for Adelaide 5000

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Paul Arnold
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Real Estate Partners South Australia
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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.