602/23 King William StreetAdelaide SA 5000
Property Details for 602/23 King William St, Adelaide
602/23 King William St, Adelaide is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1936. The property has a land size of 51m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 3 bedroom Unit sold in Adelaide in the last 12 months.
Last Listing description (July 2025)
Located in the lively heart of Adelaide, this partially furnished three-bedroom apartment in the ever-popular King William Street precinct blends modern comfort, convenience, and inner-city style. Recently refreshed with a coat of paint and updated bathroom finishes, the apartment offers a move-in-ready lifestyle ideal for both owner-occupiers and investors alike.
Just a short stroll from the world-renowned Adelaide Oval, moments from bustling retail hubs, and surrounded by a network of public transport options, this location promises unbeatable connectivity. Inside, the apartment boasts a smart layout with generous communal areas, while thoughtful touches such as bike storage and a communal laundry enhance everyday practicality. On-site managed reception services provide added security and a welcoming touch, creating a sense of ease and professionalism for residents.
Whether you're looking to expand your investment portfolio or secure a personal city haven, this apartment caters to those seeking the ultimate urban lifestyle within Adelaide's vibrant CBD.
Feature highlights:
-Three-bedroom apartment with modern updates
-Sought-after CBD location, just 100m to nearby shopping destinations
-Walk to Adelaide Oval, cafes, and city attractions with ease
-Freshly painted interiors and upgraded bathrooms ensure easy living
-Generous communal spaces with reception services for added comfort
-Convenient bike storage and access to communal laundry facilities
-Positioned near parklands, reputable schools, shops, and transport
Rental Return:
-Previously leased at $185 per room per week, the apartment offered a total rental income of $555 per week, presenting a strong return for investors seeking steady cash flow in a high-demand location.
Outgoings:
-Water & Sewerage: $86 per quarter (arrox)
-Council Rates: $1,813.90 per annum(arrox)
-Emergency Services Levy: $109 per annum (arrox)
-Strata Admin Fund: $1,440.75 per quarter (arrox)
-Strata Sinking Fund: $346.50 per quarter (arrox)
Apartment 602 at 23 King William Street presents a rare opportunity to secure an exceptional city residence. Stylishly presented and ideally situated, it offers a lifestyle of ease, comfort, and urban sophistication in the heart of Adelaide.
Property History for 602/23 King William St, Adelaide, SA 5000
- 21 Jul 2025Sold for $365,000
- 03 Jun 2025Listed for Sale $330,000-$360,000
- 30 May 2024Listed for Sale Contact Agent
Recent sales nearby
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0About 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 18,473 properties. Over the last 5 years, Houses in Adelaide have seen a 42.25% increase in median value, while Units have seen a 32.55% increase. As at 31 October 2025:
- The median value for Houses in Adelaide is $1,165,141 while the median value for Units is $554,358.
- Houses have a median rent of $630 while Units have a median rent of $615.
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