SOLD
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Sold on 16 Jul 2024 - Price Unavailable

72/227 North Terrace
Adelaide SA 5000

Bedrooms: 3
Bathrooms: 1
Car spaces: -
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Property Details for 72/227 North Tce, Adelaide

72/227 North Tce, Adelaide is a 3 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom Apartment sold in Adelaide in the last 12 months.

Building Type
Apartment
Local Government
Adelaide

Last Listing description (July 2024)

Positioned on North Terrace in the heart of Adelaide's educational and cultural precinct, 'Student Living East West' is a safe and secure apartment building providing student accommodation managed by UniLodge. This exciting investment opportunity presents a three bedroom fully furnished apartment for the astute investor, presently occupied by three students providing a combined rental return of approximately $26800 (significantly increased next year)per annum with annual rent reviews. The property also welcomes owner-occupiers with the sale conditional upon current tenancy and property management terms and conditions. This vibrant apartment building is optimally located to attract student residents. Within steps is the University of South Australia's City East campus, the University of Adelaide, the Adelaide Museum, the Art Gallery of South Australia, the State Library and popular shopping and dining destinations. Apartment 72 delivers fresh and stylish three bedroom accommodation featuring open plan living, a modern kitchen, laundry facilities and a fully-tiled bathroom.
CURRENTLY ADVERTISED AT THESE PRICES. FOR A 6-12 MONTH LEASE.

BEDROOM 1 @ $340 PER WEEK
BEDROOM 2 @ $340 PER WEEK
BEDROOM3 @ $325 PER WEEK
PROPERTY FEATURES *Completely furnished accommodation
*Secure and private front entry
*Open plan living and dining with lovely balcony views.
*Ducted air conditioning
*Fully carpeted in bedrooms, lounge & dining rooms.
*Modern kitchen with dishwasher, gas cooktop, fridge & oven
*Three single bedrooms with built in robes, natural light and study desks
*Laundry facilities with dryer
*Fully tiled bathroom
*Property comes fully furnished and with all appliances.
A rare opportunity indeed to secure a n investment within metres of Rundle mall, vibrant cafes and of course the iconic Adelaide Oval ,River Torrens, Festival Theatre, Botanic Gardens and The Adelaide Zoo The walk across the road to all the educational buildings including Adelaide University and The Adelaide University of South Australia East campus is a breeze and ultra convenient for the busy student.


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Property History for 72/227 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
16 Jul 2024
Listed for Rent
$215/w
19 Jul 2022
  • 16 Jul 2024
    Sold
  • 20 Jun 2024
    Listed for Sale RECENT SALES
  • 09 May 2022
    Listed for Rent $215 / week

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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, 1067 properties were sold in the past 12 months in Adelaide.

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