SOLD
RECENT ADVICE
Sold on 20 Mar 2024 for $235,000

55 Hindmarsh Square
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Sold By
Bobbie Kang
Harcourts Adelaide City RLA302284
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Property Details for 55 Hindmarsh Sq, Adelaide

55 Hindmarsh Sq, Adelaide is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Adelaide in the last 12 months.

Building Type
Unit
Local Government
Adelaide

Last Listing description (April 2024)

This well presented one bedroom apartment is located in the Mantra Hindmarsh Square in the centre of the CBD. Mantra Hindmarsh Square is an intended 4.5 star Hotel with serviced apartments. High yield income generating investment with a net return of approx. $1200 per month.
Owners are entitled to an annual 14 nights free accommodation, which is perfect for out of town or overseas investors. This fantastic investment opportunity comes with no maintenance concerns and no tenant selection process.

Features we love about this property:

- Fully furnished and serviced one bedroom apartment with quality furniture and fixtures
- Open plan living, dining, kitchen with stainless steel appliances.
- Ample storage throughout
- Private balcony
- Reversed cycle air conditioning for all year comfort
- 24 hr reception, room service and concierge
- Access to the gym, bars, caf and restaurant
- Close to Rundle mall shopping precinct

For more information and to organise a private inspection, please contact Bobbie Kang on 0452 201 933.

Property History for 55 Hindmarsh Sq, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$235,000
20 Mar 2024
Listed for Rent
$95k/w
04 Oct 2023
  • 20 Mar 2024
    Sold for $235,000
  • 17 Jan 2024
    Listed for Sale $230,000-$250,000
  • 24 Sep 2019
    Listed for Rent - Price not available
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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 17,939 properties. Over the last 5 years, Houses in Adelaide have seen a 53.84% increase in median value, while Units have seen a 25.84% increase. As at 31 July 2024:

  • The median value for Houses in Adelaide is $1,107,070 while the median value for Units is $491,735.
  • Houses have a median rent of $620 while Units have a median rent of $560.
There are currently 169 properties listed for sale, and 87 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 1050 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.