509/185 Morphett StreetAdelaide SA 5000
Property Details for 509/185 Morphett St, Adelaide
509/185 Morphett St, Adelaide is a 1 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2009. The property has a land size of 67m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in December 2023.
Last Listing description (October 2024)
Located at "185 The Gallery", this modern apartment is conveniently located on Morphett Street, adjacent to Light Square and is within minutes to the Central Market, just moments from Rundle Mall, Royal Adelaide Hospital and Adelaide's universities.
Contemporary, roomy, and secure, this apartment on the fifth floor presents an affordable chance to achieve a substantial investment return or create a comfortable residence for yourself. Landlords, seize this investment opportunity now! The property is presently leased to Oaks Hotels & Resorts, offering an excellent rental return of approximately $1458 per month to you. This exciting chance will appeal to a broad spectrum of buyers. You have the option to move in and relish the living experience, rent it out through the hotel, or manage the unit yourself to yield fantastic rental returns on your investment.
This well-designed arrangement provides ample open-plan living space, featuring a generously sized bedroom with a built-in wardrobe, a European-style laundry, and a bathroom equipped with a shower and a spacious vanity. Additionally, there is a covered balcony to enjoy. The presence of bi-fold windows offers the flexibility to enclose the area or open them up to invite refreshing breezes into the room.
This location presents an excellent chance to enjoy proximity to top-notch dining establishments, cafes, and shopping options. Moreover, the Central Markets are just a short walk away. Adelaide's universities are conveniently nearby, and public transportation is easily accessible. Alternatively, you can take a leisurely walk to experience the fantastic shopping available at Rundle Mall.
Features we love...
- Fully furnished if it's leased to Oaks Hotels & Resorts
- One of the most spacious one-bedroom apartments in the building
- Access to pool, spa, steam room and sauna
- Spacious open plan living
- The covered balcony with city views
- Good size bedroom with built in robe and built-in desk
- Split R/C air conditioning
- Kitchen equipped with a gas cooktop, a ducted range hood, an oven, and a dishwasher
- Allocated secure storage cage
- Secured with key-less building entry and elevator access to your floor
- High return investment opportunity
- Public transport on your doorstep
- Zoned Adelaide High School & Adelaide Botanic High School
This apartment presents an excellent option for various individuals, including first-time homebuyers, professionals, students, or investors seeking a secure, lock-up-and-go residence with an exceptional city lifestyle.
Act swiftly to secure this lifestyle apartment situated in a highly sought-after city location! The price is set attractively for a quick sale, so don't miss out!
** 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 enquiries and obtain their own legal advice.
RLA 61345 RLA 282965 RLA 231015
Property History for 509/185 Morphett St, Adelaide, SA 5000
- 13 Dec 2023Sold for $290,000
- 19 Jul 2023Listed for Sale $285,000 - $300,000
- 05 May 2009Sold for $390,700
Recent sales nearby
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0About Adelaide 5000
The size of Adelaide is approximately 10.2 square kilometres. There are 42 parks, covering nearly 50.5% of the 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 18,817 properties. Over the last 5 years, Houses in Adelaide have seen a 43.56% increase in median value, while Units have seen a 46.98% increase. As at 31 May 2026:
- The median value for Houses in Adelaide is $1,255,003 while the median value for Units is $611,850.
- Houses have a median rent of $670 while Units have a median rent of $620.
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