OFF MARKET

81/227 North Terrace
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 42m2
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Last updated 11 Nov 2024
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Property Details for 81/227 North Tce, Adelaide

81/227 North Tce, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 2005. The property has a floor size of 42m2.

Building Type
Unit
Year Built
2005
Floor Size
42m2
Local Government
Adelaide

Last Listing description (May 2024)

Nestled in the heart of Adelaide's bustling CBD, this immaculate apartment offers the perfect blend of convenience and comfort.
Whether you're seeking a savvy investment opportunity, owner occupier or a comfortable dwelling for your academic pursuits, this property ticks all the boxes.

It features a spacious floorplan with a separate bedroom which includes a mirrored built-in wardrobe. The kitchen is equipped with a dishwasher, gas cooktop with rangehood, and oven. The generously proportioned living space offers versatility and comfort, perfect for relaxing or studying. Step out onto the private balcony and be greeted by stunning views overlooking North Terrace and the Adelaide Hills, offering a serene escape amidst the bustling city.

It is conveniently positioned across the road from both Adelaide University and the University of South Australia East Campus, ideal for students. Furthermore, imagine the ease of access to Rundle Mall, the Universities or simply unwinding with a walk along the River Torrens, all at your doorstep.

Residents enjoy easy access to many retail outlets and dining options, including the iconic Rundle Mall. Strolling down North Terrace unveils a treasure trove of cultural and recreational attractions, from the esteemed South Australian Museum and the renowned Art Gallery of South Australia to the tranquil Botanical Gardens and the lively Adelaide Zoo. The vibrant Festival Plaza and the iconic Adelaide Oval further enhance the allure of this dynamic locale.

- Well maintained and presented
- North facing - high floor level 8
- Currently vacant and suitable for an owner occupier; or
- High yield investment - Rental appraisal approximately $460 per week (Form R7 provided above, click "Price guide details")
- Overlooking North Terrace and Adelaide Hills
- Private balcony
- Secure entry to the building
- Convenient location just over 100m from Rundle Mall
- Kitchen with gas cooktop, dishwasher, oven and overhead cupboards
- Property comes fully furnished with all appliances included (please contact agent for furniture list)

This apartment comes fully furnished, with furniture and appliances perfect for immediate move-in. Suitable for owner occupier or investor looking for a high-yielding rental. This rare find in a highly sought-after location, as apartments like these rarely become available in this area. Presenting an irresistible opportunity to live, work, and study or invest at the beating heart of Adelaide's vibrant urban landscape.

*Approximate
All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.

RLA323336

Property History for 81/227 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Listed for Rent
$375/w
07 Jan 2020
  • 28 Feb 2024
    Listed for Sale Contact Agent
  • 06 Dec 2019
    Listed for Rent $375 / week
  • 18 Nov 2016
    Listed for Rent $390 / 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 17,725 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.
There are currently 188 properties listed for sale, and 96 properties listed for rent in Adelaide on OnTheHouse. According to CoreLogic's data, 989 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.