255 South Terrace, Adelaide, SA 5000 sold on 20 October 2025 | OnTheHouse
 
SOLD
Sold on 20 Oct 2025 for $2,310,000

255 South Terrace
Adelaide SA 5000

Bedrooms: -
Bathrooms: -
Car spaces: 2
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Property Details for 255 South Tce, Adelaide

Building Type
Commercial
Year Built
1880
Local Government
Adelaide
Lot/Plan
A2/F159142

Last Listing description (July 2025)

MEDICAL ROOMS IN PRIME PARKLANDS LOCATION - POTENTIAL DEVELOPMENT UPSIDE - 292 M2* BUILDING ON LAND 499 M2*

Located just off Pulteney Street and within a stone's throw of South Tce medical precinct including specialist rooms and St Andrews Hospital, the building has been home to specialist medical rooms for many years, perfect to refurbish or develop (subject to the usual consents). The property has views across the South Parklands and features rear access from Cromwell Street plus on-site carparking. The current building comprises a NLA of 292sqm*-on land 499sqm*site area. Zoned Capital City (City Frame) in the City of Adelaide provides for development up to 6 levels - Offered with vacant possession.
*All areas/dimensions approximate
RLA 283100 & 205498

Property History for 255 South Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$2,310,000
20 Oct 2025
  • 31 Jul 2025
    Sold - Price Undisclosed
  • 30 Jan 2025
    Listed for Sale Offers over $2,000,000 (ex GST)
  • 24 Sep 2018
    Listed for Rent $250 per week
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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 18,493 properties. Over the last 5 years, Houses in Adelaide have seen a 42.19% increase in median value, while Units have seen a 34.49% increase. As at 30 November 2025:

  • The median value for Houses in Adelaide is $1,174,343 while the median value for Units is $580,952.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 127 properties listed for sale, and 96 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1249 properties were sold in the past 12 months in Adelaide.

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