OFF MARKET

5/40 Gilbert Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 64m2
Land area: 86m2
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Property Details for 5/40 Gilbert St, Adelaide

5/40 Gilbert St, Adelaide is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 86m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
2012
Floor Size
64m2
Land Size
86m2
Local Government
Adelaide
Lot/Plan
F5/C27483

Last Listing description (September 2021)

Ray White Norwood are taking preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.

A fabulous location in the vibrant city south residential precinct is the perfect position for this stylishly designed, modern 2 bedroom unit. Enjoy the close proximity of Gilbert Street and the lively cosmopolitan bustle the adjacent restaurant and local shopping precinct.

Relax in the knowledge that your lifestyle is secure with resident only access to the building and audio doorbell to the street. A secure undercroft car park will ensure your valuable vehicle is safe and sound.

Crisp floating floors, neutral tones and 2.7m square set ceilings offer a contemporary living space with a fresh and dynamic appeal. Natural light gently infuses from your own private balcony, filling the living space with a bright natural essence.

A modern kitchen is adjacent the open plan design, offering modern amenities including crisp gloss cabinetry, stainless steel appliances, stone bench tops, double sink, handleless overhead cupboards & a wraparound mirrored splashback that enhances the space.

Both bedrooms are generously proportioned, both offering built-in robes with mirror panel doors and split system air conditioners. The main bedroom is completed by a stunning timber feature wall, while bedroom 2 offers direct sliding door access to the balcony.

Stylish bathrooms offers floor to ceiling tiles, modern tapware and fittings, a clever hideaway European style laundry and wide shower alcove.

A great opportunity for singles buying in the city, or wise investors looking for a genuine quality unit with abundant potential for short or long-term rentals.

Briefly:
* Chic two-bedroom city apartment in fabulous South End location
* Spacious private balcony
* Easy walking distance to the Adelaide Parklands and the Glenelg - City Tram
* Crisp floating floors, neutral tones and 2.7m square set ceilings
* Generous open plan living/dining
* Modern kitchen adjacent the living/dining area
* Kitchen boasting crisp gloss cabinetry, stainless steel appliances, stone bench tops, double sink, handleless overhead cupboards & a wraparound mirrored splashback
* 2 Bedrooms, both with quality carpets, built-in robes (mirror doors) & split system air-conditioners
* Bedroom 1 with timber feature wall
* Bedroom 2 with direct balcony access
* Contemporary bathroom design with hideaway European style laundry
* High security entrance and audio doorbell
* Secure undercroft vehicle parking for one car
* Great opportunity to invest

Perfectly sited in the Adelaide City South residential precinct close to all desirable amenities. The Adelaide Parklands Belt is only a short walk away, providing excellent open space areas for your health and recreational pursuits.

Walk to the Adelaide Central Market or catch the city tram to Rundle Mall, Hindley Street, Adelaide Casino, Entertainment Centre or Adelaide Oval.
Invest in the cosmopolitan lifestyle that Adelaide City has to offer and reap the rewards with your own slice of quality inner city accommodation.

Ray White Norwood are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.

Property Details:
Council | Adelaide
Zone | CC - Capital City Zone
House | 77sqm(Approx.)
Built |TBC
Strata | $731.50 (Quarter)
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pq

Property History for 5/40 Gilbert St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$425,000
01 Sep 2021
Listed for Rent
$450/w
14 Jan 2021
  • 01 Sep 2021
    Sold for $425,000
  • 16 Dec 2020
    Listed for Rent - Price not available
  • 21 Sep 2020
    Listed for Sale $440,000 - $460,000
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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.

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Disclaimer
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.