425/304 Waymouth Street, Adelaide, SA 5000 | Studio for sale | OnTheHouse
 
FOR SALE
$220,000 - $240,000

425/304 Waymouth Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 31m2
Land area: 30m2
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High-Yield Investment and/or Low-Maintenance City Living.

Ideally located in the heart of Adelaide's vibrant West End, this furnished studio apartment presents an exceptional opportunity for investors and owner-occupiers alike.
Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme. Currently returning $1,217.25 per month (approx.) after Unilodge have deducted their management fees and refurbishment fund. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester.
It gets even better! This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of approximately $7,500!
Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance.
The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible.
Positioned on the 4th floor, the apartment boasts an elevated outlook over Waymouth Street, the city skyline, the Adelaide Hills and the Parklands. Designed for comfort and functionality, the apartment features an open-plan living and dining space with high ceilings, private balcony, well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.
The built in study desk and shelving provide a functional work from home setup, complemented by a private west facing balcony that's perfect for relaxing at the end of the day as the sun sets. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.
Residents enjoy access to excellent building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. Study lounges, a library, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
This apartment is perfect for investors seeking a strong rental return, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
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Property Details for 425/304 Waymouth St, Adelaide

425/304 Waymouth St, Adelaide is a 1 bedroom, 1 bathroom Studio. The property has a land size of 30m2 and floor size of 31m2. The place is currently for sale with Ray White Adelaide City.

Building Type
Studio
Floor Size
31m2
Land Size
30m2
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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 18,850 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 177 properties listed for sale, and 81 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1305 properties were sold in the past 12 months in Adelaide.

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Toby Shipway
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Ray White Adelaide City
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