OFF MARKET

514/185 Morphett Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 62m2
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Property Details for 514/185 Morphett St, Adelaide

514/185 Morphett St, Adelaide is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. The property has a floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2009
Floor Size
62m2
Local Government
Adelaide
Lot/Plan
F514/C25362

Last Listing description (May 2024)

Live in or invest.

Located in the vibrant West End City Precinct, this spacious 2 bedroom apartment offers an exciting cosmopolitan lifestyle or an excellent no maintenance investment opportunity.

Choose to take advantage of the fuss free returns through the Oaks Hotels and Resorts, lease the apartment out privately, manage it yourself through Airbnb or Stayz or enjoy an exciting urban lifestyle in a fantastic city location. Currently managed by the Oaks with a guaranteed rental return of $1,772.42 per month after management and cleaning fees.

The location is perfect with everything the city has on offer right at your doorstep. A huge choice of first class dining and is only a few minutes' walk away along Gouger Street and an abundance of gourmet shopping at the Central Markets. Further attractions nearby include the River Torrens Precinct, Adelaide Oval, Convention Centre, Adelaide Casino and the new Medical Precinct just to name a few.

Inside the apartment offers 2 generous bedrooms both with built in robes. The main bedroom with a ceiling fan and study nook and bedroom 2 with a view over Morphett Street. The generous bathroom features floor to ceiling tiles and quality fixtures and fittings with a modern finish.

The large light filled living and dining flows through to the full width balcony which converts to an all-weather sun room with toughened Bi-fold glass windows and great east facing view over Morphett Street. A perfect space for entertaining guests or just enjoying the east facing views over Morphett Street and north views of Light Square. The kitchen is well equipped with solid bench tops and stainless steel appliances and gas cooktop.

A rare and important attribute is the internal and secure car park with direct access via the swipe card system from you the car park straight to your floor.

Further features of this very appealing apartment include reverse cycle a/c, European style laundry and excellent security with a restricted card access system, intercom and 24 hour reception located in the ground floor reception.

Located on the 6th floor in the adjacent Altitude building, all residents are welcome to the use of the indoor heated lap pool, spa, sauna and steam room. All've these exciting benefits are maintained through the community rates.

This is excellent value for money in such a prime city location. Don't miss out on this exciting opportunity!

Property Information:

Certificate of Title: Volume 6035 Folio 995

Council: City of Adelaide

Zoning - Capital City Zone

Year Built: 2009

Community Fees
Admin Fund: $1,315.00 per quarter (approx.)
Sinking Fund: $203.00 per quarter (approx.)

Council Rates: $1,915.00 per annum (approx.)

Water Rates: $258.89 per quarter (approx.)

Emergency Services Levy: $438.45 per annum (approx.)

Property History for 514/185 Morphett St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$365,000
29 Apr 2021
  • 29 Apr 2021
    Sold for $365,000
  • 03 Oct 2019
    Listed for Sale $390,000 - $410,000
  • 30 Apr 2009
    Sold for $499,900

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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 17,716 properties. Over the last 5 years, Houses in Adelaide have seen a 55.29% increase in median value, while Units have seen a 24.26% increase. As at 30 September 2024:

  • The median value for Houses in Adelaide is $1,117,950 while the median value for Units is $513,770.
  • Houses have a median rent of $615 while Units have a median rent of $570.
There are currently 175 properties listed for sale, and 80 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1062 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.