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Location

Market Insights for Norwood SA 5067

New Listings (last 30 days)

Average price

$895,000

Lowest price

$630,000

Highest price

$1,100,000

406/256 The Parade Parade, Norwood SA 5067

$980,000 - $1,050,000

Search Band

$980k - $1.03M Transparent Based on an openly advertised listing price.

Apartment 2 beds 2 baths 2 cars

Listed: 31st Jul 2026

Updated: 56 days ago

Overview

This sophisticated apartment situated within the boutique Nuova Apartments, offers a refined lifestyle in one of Norwood's most prestigious locations. Completed in 2018, the property presents an exceptional opportunity for those seeking a premium yet low maintenance residence in Adelaide's iconic Parade precinct.

The open plan layout features an abundance of natural light through expansive windows showcasing captivating views over the south-eastern hills, creating an inviting ambiance in the living and dining areas. A generous balcony enhances the living space by providing the perfect setting for both relaxing and entertaining, ideal for enjoying Adelaide’s temperate evenings.

The kitchen delivers a balance of luxury and practicality with designer touches including waterfall marble benchtops, a double sink, semi-integrated dishwasher, gas cooktop, and ample storage. This setup supports both everyday living and hosting with ease.

Two spacious bedrooms support versatile living; the master is enhanced with a walk-in robe and a luxurious ensuite featuring marble benchtops, dual vanities, and floor-to-ceiling tiling, while the second bedroom offers a large built-in robe and convenient access to the main bathroom.
Additional benefits include floating timber flooring, ducted reverse cycle air conditioning, secure building entry, and a private undercover carpark with storage cage.
Located on the fourth floor, the apartment combines privacy and accessibility in a vibrant central Norwood setting.

Positioned within walking distance of a diverse array of award-winning dining options, boutique shops, and entertainment venues, the apartment allows residents to embrace Norwood’s energetic lifestyle while being just moments from the Adelaide CBD.

Currently tenanted until February 2027 at a strong rental yield of $775 per week, this residence also presents a compelling investment opportunity with assured income and long-term security. The property’s blend of sophisticated interiors, breathtaking views, and unbeatable location appeals to first home buyers, investors, downsizers, and professionals seeking a low upkeep, high-quality urban home.

Local Market Insights

In Norwood, Quiet Listings observed 4 new apartments entering the market over the last 30 days, up from 1 during the previous 30-day period, with an average advertised asking price of $895,000. The property type mix of listed properties is predominantly Houses at 39%, followed by apartments (26%), and units (13%). The most active agency for apartments in the Norwood area is currently Magain Real Estate, representing 25% of new listings, followed by Ocre with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.