High-Yield Investment or Low-Maintenance City Living.

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505/304 Waymouth Street, Adelaide SA 5000

$220,000 - $230,000

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$220k - $231k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 1 Bed 1 Bath

Listed: 15 hours ago

Overview

Located in Adelaide's energetic West End, this fully furnished studio apartment offers a compelling option for a variety of buyers, especially investors and those seeking a low-maintenance urban lifestyle. Its position within a high-occupancy pool scheme managed by UniLodge ensures steady monthly rental income, making it attractive for those prioritizing investment returns. Owner-occupiers also benefit from flexible possession terms aligned with the academic calendar.

The apartment’s elevated sitting on the fifth floor reveals east-facing views over the city skyline, providing a serene outlook that enhances its appeal. The open-plan layout, characterized by high ceilings, fosters a sense of spaciousness and comfort despite the compact footprint. This design is complemented by a well-equipped kitchenette featuring essential appliances, supporting efficient day-to-day living.

Functional built-ins, such as a study desk and shelving, add practical workspace for residents, catering well to professionals or students. The private balcony extends living space outdoors, ideal for enjoying city vistas and fresh air. Year-round comfort is assured by reverse cycle air conditioning, while modern conveniences include a wall-mounted TV.

Beyond the individual unit, residents have access to desirable communal facilities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and laundry room. Additional amenities like a gymnasium, refurbished study rooms, library, and an outdoor BBQ area enrich the community lifestyle and promote social interaction.

Strategically situated near prominent educational institutions, healthcare precincts, and entertainment hubs, this apartment offers unparalleled convenience for urban dwellers. Public transport access further supports easy mobility within the city. Overall, this property is well suited to investors seeking reliable rental income, parents desiring safe student accommodation, or individuals aiming for a manageable and connected city living environment.

Local Market Insights

In Adelaide, Quiet Listings observed 33 new apartments entering the market over the last 30 days, up from 20 during the previous 30-day period, with an average advertised asking price of $720,788. The property type mix of listed properties is predominantly Apartments at 72%, followed by townhouses (9%), and units (7%). The most active agency for apartments in the Adelaide area is currently Ray White, representing 45% of new listings, followed by Ocre with 12%. 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.