508/53 Hindmarsh SquareAdelaide SA 5000
Property Details for 508/53 Hindmarsh Sq, Adelaide
508/53 Hindmarsh Sq, Adelaide is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009.
Last Listing description (November 2016)
This spacious 5th floor studio apartment in the Mantra Hotel on Hindmarsh Square Adelaide, is an excellent opportunity for the investor to acquire a central city apartment at this entry level price.
The Apartment is fully managed by the Mantra Hotel and represents a worry-free investment opportunity as the apartment is serviced by and let out by Hotel Management.
The apartment is being sold below replacement cost and the last four years income shows a return of over $15,000 p.a. average. With cost deductions the investor is looking at a 7% return.
For further information and viewing call the agent now
Property History for 508/53 Hindmarsh Sq, Adelaide, SA 5000
- 26 Oct 2015Listed for Sale $155,000 - $160,000
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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 17,725 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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