820/304 Waymouth Street, Adelaide, SA 5000 | Apartment for sale | OnTheHouse
 
FOR SALE
$225,000

820/304 Waymouth Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 25m2
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High-Yield Investment or Low-Maintenance City Living.

Ideally located in the heart of Adelaide's vibrant West End, these fully furnished studio apartments present an exceptional opportunity for investors and owner-occupiers alike.
Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme, delivering a generous return of $1,204.22 after management and operating expenses. 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.
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.
Perfectly positioned on the top floor with stunning east facing views, this studio apartment is designed for comfort and functionality, with open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.
A built-in study desk and shelving provide a practical workspace, while a private east-facing balcony offers city views. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.
Residents enjoy access to building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. The recently refurbished study room, library and games room, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
This apartment is perfect for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.
For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919.
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.

Property Details for 820/304 Waymouth St, Adelaide

820/304 Waymouth St, Adelaide is a 1 bedroom, 1 bathroom Apartment. The property has a land size of 25m2. The place is currently for sale with Ray White Adelaide City.

Building Type
Apartment
Land Size
25m2
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of 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 18,473 properties. Over the last 5 years, Houses in Adelaide have seen a 42.25% increase in median value, while Units have seen a 32.55% increase. As at 31 October 2025:

  • The median value for Houses in Adelaide is $1,165,141 while the median value for Units is $554,358.
  • Houses have a median rent of $630 while Units have a median rent of $615.
There are currently 138 properties listed for sale, and 107 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1233 properties were sold in the past 12 months in Adelaide.

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