1103B/175-181 Waymouth Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

1103B/175-181 Waymouth Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 1103b/175-181 Waymouth St, Adelaide

1103b/175-181 Waymouth St, Adelaide is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Adelaide

Last Listing description (September 2025)

Luxury CBD Living | Rental Guarantee

Introducing 1103B The Cullinan

The Meridien Invest team has been looking for new investment opportunities for our clients that will deliver both high yields and are positioned for strong growth. Here is a unique opportunity to invest in the prestigious The Cullinan Apartments in the centre of Adelaide for just $359,800.

Demand for executive rentals in the CBD is very high. Apartment 1103B will standout as a great option with an unbeatable location and facilities.

Maximise your investment returns with guaranteed income of $31,800 p.a. and no management fees. This represents an 8.8% net yield (before strata fees, rates, insurance) which is exceptional. Get in touch to learn more.

The Cullinan will set a new benchmark for city living in Adelaide. Be part of it.

Completion and titles are scheduled for June 2025. Make your move now, and start making $$$$ on your investment sooner.

Get in touch and find out how to proceed.

Introducing Adelaide and The Cullinan

Adelaide is now a focus market for us as it represents value and the primary numbers stack up.

Adelaide offers people an appealing lifestyle and is ranked No. 3 as the World's most liveable city. Affordability and appeal mean more people choose to live here, and that is going to underpin both rental and resale demand.

A Six Star Location

We love this central location. The very best of Adelaide is an easy walk, and the lifestyle of this location will appeal to everyone, with parks, markets, cafes, restaurants, and more just a block or 2 away.

The Cullinan is close to some of Adelaide's best schools, plus the University of South Australia.

WALKABLE LOCATION:

5min Walk to UniSA West Campus, TafeSA
8min Walk to Chinatown, Central Market, Adelaide High School
9min Walk to Tram Stop
10min Walk to University of Adelaide (Medical School)
12min Walk to Adelaide Railway Station, Skycity Casino & Convention Centre
15min Walk to Rundle Mall

A Six-Star Luxury Project

Luxury is built into the apartments and the shared spaces. The styling in all apartments is top-shelf and has the latest designer finishes. There are timber floors, a designer kitchen with Miele appliances and Caesarstone benchtops, floor-to-ceiling windows, and more.

Plus, an appliances package is included along with blinds to the windows. Add a furniture package and the apartment is ready to deliver great investment returns.

First impressions are lasting, and when you open the door to this apartment, you are going to be impressed. The building's architecture and resident facilities are impressive. The finishes are all top shelf.

This is a project that you will be proud to be part of.

Plus Six-Star Facilities

An inner-city sanctuary for the people that call The Cullinan home.
Indoor pool
Rooftop garden
Resident's deck with bbq and bar
Security
Gym
Touchless controls
Mobile-enabled controls
Smart and stylish to make life enjoyable and easy
Plus, check out the automated valet car park!

Investment Advantage

Adelaide opens up new opportunities for our clients with lower entry costs and attractive yields.

The Cullinan prices are very accessible for individuals and SMSF clients. The project is unique and very appealing - yet affordable.

More appeal = more demand = higher yields and a better investment.

This is a winning formula. Yields are impressive, and demand in this market is well beyond supply.

Apartment 1103B Investment Profile

Why we like this apartment:

Great use of space
Big floor-to-ceiling windows create a sense of light and space
Lovely outlook

Contract Price: $359,800
Rental Unfinished: $480pw = 6.9% Yield

Guaranteed rental of $2,650 per month with no management fees is available. Contact us to learn more.

Outgoings Estimates:

Strata Fees $945/qtr
Council Rates $250/qtr
Water Rates $140/qtr

How to Invest

Secure apartment 1103B, The Cullinan, with just a $2,000 initial deposit and a balance of 10% when unconditional. Titles are scheduled for July 2025.

This is ideal for SMSF investors and individuals.

To get started, get in touch.

Disclaimer

We have used our best endeavours to ensure the information provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the contract for details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications and inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed.

Property History for 1103b/175-181 Waymouth St, Adelaide, SA 5000

A timeline of how this property has performed in the market
  • 03 Apr 2025
    Listed for Sale Luxury Under $360k | 8.8% Rental Guarantee
  • 04 Jun 2024
    Listed for Sale Up to 6.6% Yield | $379K
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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 18,504 properties. Over the last 5 years, Houses in Adelaide have seen a 44.25% increase in median value, while Units have seen a 37.95% increase. As at 31 December 2025:

  • The median value for Houses in Adelaide is $1,194,887 while the median value for Units is $586,935.
  • Houses have a median rent of $630 while Units have a median rent of $615.
There are currently 139 properties listed for sale, and 96 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1244 properties were sold in the past 12 months in Adelaide.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.