228 Franklin StreetAdelaide SA 5000
Property Details for 228 Franklin St, Adelaide
Last Listing description (November 2016)
222-228 Franklin Street is located in the vibrant north west quadrant of the CBD, just 300* metres south west of Light Square.
With a site area of 1,580sqm*, the property offers a prominent city land holding proximate to the new Royal Adelaide Hospital, Biomedical Precinct, and the Adelaide Central Market. There are a number of residential apartment towers either under construction or recently completed in the west end, providing a significant uplift in residential appeal and amenity.
The site is currently improved with a commercial building, providing short term holding income subject to redevelopment clauses.
Key property features include:
Site area of 1,580sqm*
Short term holding income
Capital City zoning with height limit of 53 metres
Closely located to the new RAH, Biomedical precinct, and Light Square
*approximately
FOR SALE BY EXPRESSION OF INTEREST Closing 4pm Wednesday 19 October 2016
JLL RLA 1842
Property History for 228 Franklin St, Adelaide, SA 5000
- 01 May 2023Sold for $2,094,400
- 31 Mar 2017Sold for $5,500,000
- 20 Sep 2016Listed for Sale Not Disclosed
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0About 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 18,502 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.
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