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Sold on 17 Jun 2024 for $318,000

305/104 North Terrace
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 57m2
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Property Details for 305/104 North Tce, Adelaide

305/104 North Tce, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Apartment sold in Adelaide in the last 12 months.

Building Type
Apartment
Floor Size
57m2
Local Government
Adelaide
Lot/Plan
F305/C21890

Last Listing description (June 2024)

Perfectly positioned in one of Adelaide's best CBD locations, this fully furnished, north facing apartment presents a viable investment opportunity and/or a great place to call home. Directly opposite the exciting River Torrens Precinct with Adelaide Oval, the Convention Centre, Sky City Casino and the Adelaide Festival Centre. Less than 500 metres away you'll find the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic.

Take advantage of the huge range of investment options on offer. Choose to reap the excellent fuss free rental returns provided through a choice of management companies, lease the apartment out privately or enjoy the city vibe as an owner occupier. Currently managed by The Oaks Hotels and Resorts with a fixed gross income of $2,344.33 per month ($541.00 per week approx.) This return is guaranteed and is not based on occupancy.

The flexibility also allows you to manage the apartment yourself on a short-term basis through companies such as Airbnb, Booking.com & Stayz or sit back and let one the reputable companies take care of it for you.

**Take note - this apartment is also applicable for Stamp Duty Exemption (Subject to Revenue SA Approval). For further information please go to the RevenueSA website - Stamp Duty on Transfer of Real Property (Land)** You'll save approximately $12,000!

Inside the apartment features a well-equipped kitchen adjacent the open plan living and dining with direct access to the full width balcony complimented with the northern aspect and the warmth of the winter sun. The kings size bedroom is great size with built in robes and frosted glass windows and a two-way ensuite complete with modern finishes and spa bath.

Further attributes include a European style laundry, ducted reverse cycle air conditioning, excellent security, video intercom and 24 hour reception in the foyer. The complex also provides free access to the resort style facilities with the indoor heated lap pool, spa, sauna and gym.

This is an excellent opportunity to invest in one of the CBD's best locations. Live in as an owner occupier and enjoy a low maintenance city lifestyle or take advantage of this prime location and reap the benefits as an investment property, the choice is yours.

PROPERTY INFORMATION:

Certificate of Title: Volume 5903 Folio 697

Council: City of Adelaide

Zoning: Capital City Zone

Year Built: 2003

Oaks Management Fees: $281.06 per month (approx.)

Council Rates: $1,825.20 per annum (approx.)

SA Water Rates: $153.70 per quarter (approx.)

Community Fees
Admin Fund: $844.00 per quarter (approx.)
Sinking Fund: $198.00 per quarter (approx.)

ESL: $407.40 per annum (approx.)

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Property History for 305/104 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$318,000
17 Jun 2024
  • 24 Jun 2024
    Sold for $318,000
  • 09 Apr 2024
    Listed for Sale $318,000
  • 28 May 2015
    Sold for $310,000
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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 17,718 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 182 properties listed for sale, and 90 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 994 properties were sold in the past 12 months in Adelaide.

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