718/304 Waymouth Street
Adelaide, SA 5000

Overview

High-Yield Investment and/or Low-Maintenance City Living

Ideally positioned in the heart of Adelaide's vibrant West End, this furnished studio apartment offers an outstanding opportunity for both investors and owner-occupiers. Located on the south-west corner of the building, it boasts spectacular views to the south over the Adelaide Hills and to the west over lush parklands, with daily sunsets over the ocean providing a stunning backdrop.

The apartment is currently managed under a high-occupancy pool scheme, generating a strong rental return of approximately $1,160 per month after management fees and refurbishment contributions. Owner-occupiers have the flexibility to take possession with just three months' written notice, aligned with the academic semester schedule.

Residents benefit from proximity to Adelaide's premier amenities, including the University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct, all within walking distance. The nearby Riverbank Precinct features Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, complemented by popular dining and shopping destinations such as Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options including buses, trams, and trains are readily accessible.

Situated on the 7th floor in the north-west corner, the apartment enjoys privacy with only one adjoining party wall and an elevated west-facing outlook across parklands, the Adelaide High School precinct, and the expansive western suburbs. The natural afternoon light and daily sunsets create a relaxed and open atmosphere.

The interior is designed for comfort and practicality, featuring an open-plan living and dining area with high ceilings, a well-equipped kitchenette including a cooktop, microwave, and fridge, and a modern bathroom. A built-in study desk and shelving provide a functional workspace, complemented by a private west-facing balcony ideal for unwinding at sunset. Reverse cycle air conditioning ensures comfort throughout the year, and a wall-mounted television adds convenience.

Building amenities include 24-hour smart card security, lift access, a communal lounge and games area, a fully equipped kitchen, and laundry facilities. Additional lifestyle features include study lounges, a library, a gymnasium, and an outdoor BBQ area, enhancing the appeal for residents.

This apartment is well-suited for investors seeking reliable rental income, parents looking for secure and convenient student accommodation, or owner-occupiers desiring a low-maintenance urban lifestyle.

All information has been sourced from reliable channels; however, accuracy cannot be guaranteed. Prospective buyers are encouraged to conduct their own inquiries and seek legal advice. Should the property be scheduled for auction, the Vendor's Statement will be available for inspection at the local office for three consecutive business days prior to the auction and for 30 minutes before the auction begins.

Location