278 South Terrace, Adelaide, SA 5000 | Property Value & History | OnTheHouse
 
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278 South Terrace
Adelaide SA 5000

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 116m2
Land area: 525m2
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Last updated 22 Dec 2025
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Property Details for 278 South Tce, Adelaide

278 South Tce, Adelaide is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2024. The property has a land size of 525m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2024
Floor Size
116m2
Land Size
525m2
Local Government
Adelaide
Lot/Plan
A305/F181957

Last Listing description (August 2023)

Empty nesters can enjoy beautiful birdsong in a leafy location with a savvy off-the-plan investment in the best address on South Terrace, a prestigious three-bedroom apartment at 'Paragon On The Park'. Currently under construction and expected completion by Oct-2023.

Perfectly located on the CBD fringe at the east end of South Terrace, this exciting project will entice lovers of high-quality city living, discerning downsizers, independent retirees, small families, and those seeking a low-maintenance city residence for weekend living.

Architecturally designed to provide a tranquil sense of space and luxury, this unique loft apartment offers:

- Engineered timber flooring in European Oak
- Sumptuous bedroom carpets
- Three plush bedrooms with robes
- Master bedroom with floor-to-ceiling windows, direct balcony access, walk-in robe, and ensuite
- Gourmet kitchen showcasing Miele appliances, an island bench, a butler's pantry, mirrored glass splashbacks, and Caesarstone benchtops
- Spacious open-plan living with approx. 5m ceiling
- Secure car park for two cars.

This easy low maintenance lifestyle is complemented by the beautiful setting opposite the Himeji Gardens in the glorious, grassy expanse of the south parklands. Take leisurely strolls along meandering pathways or pop your yoga mat beneath the tree canopies for relaxed, back-to-nature moments.

Still, within an easy walk of vast and vibrant city attractions, buyers will find the rich tapestry of this fulfilling location simply irresistible.

RLA 239435

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Property History for 278 South Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$3,500,000
19 Feb 2021
Listed for Rent
$150k/w
19 Mar 2020
  • 22 Mar 2021
    Listed for Sale Contact Agent
  • 19 Feb 2021
    Sold for $3,500,000
  • 05 Apr 2019
    Listed for Rent - Price not available
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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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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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