1405/17 Penny Pl, Adelaide, SA 5000 | Apartment for sale | OnTheHouse
 
FOR SALE
$689k - $729k

1405/17 Penny Pl
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
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Golden CBD Opportunity: Unrivalled Urban Living & High-Yield Investment

Perched on the 14th floor of the highly sought-after Penny Place Apartments, this sophisticated 2-bedroom, 1-bathroom residence offers an exceptional opportunity for owner-occupiers and savvy investors to secure a slice of Adelaide's vibrant CBD.
Designed by internationally acclaimed architects Woods Bagot and developed by Flagship Group, this premium apartment flawlessly blends high-end contemporary design with urban convenience.
The meticulously crafted 88m² layout maximises space and natural light, flowing seamlessly into an expansive balcony that captures breathtaking, panoramic city and coastline views.
Positioned in a bustling economic hub with zero heritage, flood, or bushfire overlays, this property represents a high-yield asset with outstanding capital appreciation potential. Whether you seek a luxurious, lock-and-leave city base or a high-demand rental, this residence delivers an unparalleled metropolitan lifestyle.
• Features
Premium Kitchen: Open-plan gourmet kitchen featuring Caesarstone benchtops, glass splashbacks, a Bosch gas cooktop and oven, and a Fisher & Paykel two-drawer dishwasher.
Architectural Excellence: Enjoy a meticulously planned layout with LED downlights, split-system air conditioning, low-maintenance tiled living areas, and cozy carpeted bedrooms.
Indoor-Outdoor Flow: The spacious living area extends to a private, full-width balcony, perfect for entertaining while taking in expansive urban sights from the 14th level.
Smart Storage & Utilities: Includes built-in robes, a European-style laundry, and a fully appointed modern bathroom with ample recessed storage.
Secure Living: Highly secure building equipped with an intercom system, FOB access, one dedicated car space, and exclusive ground-floor common areas, including a meeting room and kitchen.
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Property Details for 1405/17 Penny Pl, Adelaide

1405/17 Penny Pl, Adelaide is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces and was built in 2021. The property has a floor size of 88m2. The place is currently for sale with Kaide Real Estate.

Building Type
Apartment
Year Built
2021
Floor Size
88m2
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% 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 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.

Adelaide has 18,856 properties. Over the last 5 years, Houses in Adelaide have seen a 33.06% increase in median value, while Units have seen a 47.09% increase. As at 31 July 2026:

  • The median value for Houses in Adelaide is $1,219,352 while the median value for Units is $625,850.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 159 properties listed for sale, and 83 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1394 properties were sold in the past 12 months in Adelaide.

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Frank Zhao
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Dylan Liu
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Kaide Real Estate
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