505/96 North TerraceAdelaide SA 5000
Property Details for 505/96 North Tce, Adelaide
505/96 North Tce, Adelaide is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2001. The property has a land size of 59m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (August 2025)
Fully furnished with absolutely everything included, move straight in and enjoy exciting, low maintenance living at its best or take advantage of the huge rental options available. The flexibility of this apartment also allows you to do as you please. Live in as an owner occupier, lease through the Oaks Hotels and Resorts, lease privately on a long-term basis, or be a bit more adventurous and manage it yourself through Airbnb, Booking.com and any other short-term platforms.
Currently tenanted by the Oaks Hotels and Resorts for a guaranteed rental income of $475 per week ($2,058.33 per month) approx. That's an approximate 7.37% gross yield!
It gets even better! This apartment also meets the requirements for stamp Duty Exemption (Subject to Revenue SA Approval). ** For further information please go to the Revenue SA website - Stamp Duty on Transfer of Real Property (Land) or contact Toby.
Less than 500 metres away is the new Royal Adelaide Hospital with the Medical Precinct adjacent. Education facilities here include the University of Adelaide's medical and health sciences building and UniSA's City West campus, Health and Medical Clinic. Adelaide TAFE is also very close by with secondary education zoning for Adelaide High School Adelaide Botanic High School.
First Class restaurants and bars are just a short walk away with gourmet shopping at nearby Central Markets and Gouger Street. Adelaide University, University SA and TAFE are all very close with secondary education zoning for Adelaide High School and Adelaide Botanic High School. Transport options easily accessible with the tram, Adelaide Train Station and major bus stops only a minute away.
Inside the apartment boasts accommodation comprising of open plan living and dining with neutral colour schemes and floor to ceiling glass sliding doors with direct access to the large balcony. A perfect retreat for relaxing and outdoor entertaining with family and friends.
The kitchen is beautifully equipped with solid granite bench tops, quality fixtures and fittings and quality appliances. The bedroom is great size with built in robes and frosted glass to allow in natural light and a sparkling ensuite.
The Embassy has been meticulously maintained over the years with excellent management and a committee of owners that care. Recent upgrades include the beautifully renovated foyers by highly regarded interior designer Polli Woods, new gym equipment, lift upgrade and much more to come.
Further common attributes include excellent security with a swipe card system, 24-hour reception in the foyer and the resort style facilities with indoor heated lap pool, sauna, and the gym. All these excellent luxuries are maintained through the community fees.
This property is one not to be missed and will be highly sought after by investors, executive couples, retirees, semi-retirees, and those just looking for a secure, lock up and leave city lifestyle. Be quick to secure this wonderful opportunity!
For any further information please contact Toby Shipway on 0413 600 919.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.
Property History for 505/96 North Tce, Adelaide, SA 5000
- 13 Dec 2024Sold for $340,000
- 01 Nov 2024Listed for Sale **UNDER OFFER - CONTACT TOBY SHIPWAY**
- 29 Apr 2019Sold for $265,000
Recent sales nearby
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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.
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