424/304 Waymouth Street, Adelaide, SA 5000 sold on 14 April 2025 | OnTheHouse
SOLD
Sold on 14 Apr 2025 for $170,000

424/304 Waymouth Street
Adelaide SA 5000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 26m2
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Property Details for 424/304 Waymouth St, Adelaide

424/304 Waymouth St, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 2009. The property has a land size of 26m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 1 bedroom Unit sold in Adelaide in the last 12 months.

Building Type
Unit
Year Built
2009
Land Size
26m2
Local Government
Adelaide
Lot/Plan
F424/C25142

Last Listing description (August 2025)

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 yield of over 7.5% 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.

Designed for comfort and functionality, each apartment features an 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 excellent building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. Study lounges, a library, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.

These apartments are 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.

Disclaimer: All information provided has been obtained from sources we believe to be accurate, but we cannot guarantee its accuracy. Interested parties should conduct their own due diligence and seek independent legal advice.

Property History for 424/304 Waymouth St, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$170,000
14 Apr 2025
  • 14 Apr 2025
    Sold for $170,000
  • 24 Feb 2025
    Listed for Sale $165,000 - $175,000
  • 26 Jan 2009
    Sold for $169,900
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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 138 properties listed for sale, and 97 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1243 properties were sold in the past 12 months in Adelaide.

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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.