605/185 Morphett StreetAdelaide SA 5000
Property Details for 605/185 Morphett St, Adelaide
605/185 Morphett St, Adelaide is a 1 bedroom, 1 bathroom Unit and was built in 2009. The property has a land size of 58m2. While the property is not currently for sale or for rent, it was last sold in May 2009.
Last Listing description (June 2021)
This contemporary apartment of approximately (63sqm) is ideally located in the popular market precinct and is a hassle free investment as it is currently leased back with the Oaks Hotel Group on a periodic agreement and returning $1,690.00 gross per month.
Conversely if you are looking for a trendy city pad in an exciting location in which to live in then all we need to do is to give 3 months notice to the Oaks management for vacant possession?
The Why To Buy:-)
* Generous sized bedroom with built in robe
* Spacious open plan living, dining and kitchen area
* Modern kitchen with dishwasher and gas cooking
* Sparkling bathroom
* Separate laundry
* Secure video intercom access
* Reverse cycle air conditioning
* Large all-weather balcony with city views
* Access to indoor heated lap pool, spa, sauna and steam room
* $1690.00 Gross monthly rent, that's around 7.5% gross return!
* The perfect city pad or hassle-free investment!
A great location being just a 2 minute walk to vibrant Gouger Street, Chinatown, Central Markets and with Public Transport just outside. Zoned for both of Adelaide's in- demand Public High Schools as well as close to Universities & Hospitals!
Approximate Quarterly Fees
Strata Rates $1,042.00
Council rates $375.00
Water Rates $185.00
For any further information please contact, Andrew Downing, The City Specialist on 0404 882 311 or Chris Xu on 0433 770 616.
Property History for 605/185 Morphett St, Adelaide, SA 5000
- 22 Feb 2021Listed for Sale $270,000 - $280,000
- 05 Jun 2020Listed for Sale $270,000 - $280,000
- 11 Apr 2014Listed for Sale Not Disclosed
Recent sales nearby
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About 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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