OFF MARKET

706/185 Morphett Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Last updated 14 Oct 2024
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Property Details for 706/185 Morphett St, Adelaide

706/185 Morphett St, Adelaide is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2009. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2009
Local Government
Adelaide
Lot/Plan
F706/C25362

Last Listing description (June 2023)

For those who enjoy the inner-city lifestyle and the luxury apartment living, you are sure to be impressed with this stunning apartment! This one-bedroom stylish apartment is so close to everything. Located right next to Light Square, where you will enjoy Adelaide's vibrate city life with lots of events and festivals each year.

Within walking distance to University of South Australia, Convention Centre and Central Market, this apartment is also a great investment for short term lease through AirBnB or similar platforms as well as normal rental. You can also choose leasing apartment back to the hotel management team and be a peace of mind investor. A sky swimming pool with sauna, steam and spa is an extra enjoyment for the guest or your after-work relax which is resident-free. In addition, the apartment comes with a handy undercover car parking space. This is vital while living with convenience without scarifying your love car.


Compared to those newly built complex, this apartment has a reasonable bedroom which can fit a king size bed plus a study nook. The practical kitchen with stone benchtop and gas cooktop provides ample spaces for storage. Furthermore, you could also enjoy sitting in the sunroom balcony relaxing and be fascinated by the magnificent Adelaide city views. Last, it is Foxtel ready.

Features we love:

- Breathtaking views over the Northern aspect of the city
- Secure internal carpark
- An in-ground glass heated pool, sauna and infinity spa
- Reverse cycle air conditioning split system
- iPod docking station and video intercom.
- Thick double-glazed stack folding windows in the sunroom balcony.
- Foxtel ready for your entertainment
- Short term lease option available to maximise your returns.

The apartment is now leased to the Oaks Hotel for $1,600 per month (approx..)

Inspection is a must. Contact William Fan at 0411 826 897 for a private inspection.

Council rate per quarter: $400 per quarter (approx..)
SA Water: $240 per quarter (approx..)
Strata Fee: $1,200 per quarter (approx..)

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Property History for 706/185 Morphett St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$335,000
09 Jun 2023
Listed for Rent
$450/w
23 Jun 2010
  • 09 Jun 2023
    Sold for $335,000
  • 13 Jun 2020
    Listed for Sale $310,000~$325,000
  • 21 Nov 2017
    Listed for Sale $310,000 - $340,000
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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 17,716 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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