414/304 Waymouth Street
Adelaide, SA 5000

Overview

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

Located in the vibrant West End of Adelaide, this furnished studio apartment offers an excellent opportunity for both investors and owner-occupiers. The apartment is currently managed under a high-occupancy pool scheme, generating a strong rental income of approximately $1,217.25 per month after management fees and refurbishment fund deductions. Owner-occupiers have the flexibility to take possession with just three months' written notice, timed with the academic semester.

This property qualifies for Stamp Duty Exemption, subject to approval, potentially saving around $7,500. The location provides unparalleled convenience, with major educational institutions such as the University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct all within walking distance.

Nearby, the Riverbank Precinct features Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino. Dining and shopping options abound at Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport including buses, trams, and trains are readily accessible.

Situated on the 4th floor on the west side, the apartment enjoys an elevated west-facing outlook over parklands, the Adelaide High School precinct, and the western suburbs. The natural afternoon light and stunning sunsets create a relaxed and open atmosphere.

The apartment is designed for comfort and functionality, featuring an open-plan living and dining area with high ceilings, a kitchenette equipped with a cooktop, microwave, and fridge, and a modern bathroom. A built-in study desk and shelving provide a practical work-from-home space, 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 TV adds convenience.

Residents benefit from excellent building amenities including 24-hour smart card security, lift access, a communal lounge and games area, a well-equipped kitchen, and laundry facilities. Additional features include study lounges, a library, a gymnasium, and an outdoor BBQ area, enhancing the lifestyle appeal.

This apartment is ideal for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers desiring a low-maintenance city lifestyle.

*Please note some images have been digitally enhanced for marketing purposes. All information is believed to be accurate but cannot be guaranteed. Prospective buyers should conduct their own inquiries and seek legal advice.

Location