7/196 North Terrace, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

7/196 North Terrace
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 94m2
Land area: 92m2
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Property Details for 7/196 North Tce, Adelaide

7/196 North Tce, Adelaide is a 2 bedroom, 2 bathroom Unit and was built in 1950. The property has a land size of 92m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in October 2014.

Building Type
Unit
Year Built
1950
Floor Size
94m2
Land Size
92m2
Local Government
Adelaide
Lot/Plan
F107/C26167

Last Listing description (July 2025)

Expressions of Interest | Tuesday 10th June at 12pm (unless sold prior).

Welcome to 15/196 North Terrace, a rare and remarkable penthouse soaring above the cultural heart of Adelaide. Perched atop the historic Tobin House, this awe-inspiring residence blends sophisticated warehouse style with luxury living - all set against the stunning backdrop of Torrens Parade Grounds, Adelaide Oval, and Government House.

This top-floor sanctuary delivers a front-row seat to the city's energy, yet remains your private retreat. Step outside and you're mere metres from Rundle Mall, top-tier universities, and major transport links - an unmatched fusion of lifestyle and convenience.

2 Bedrooms | 2 Bathrooms | 2 Balconies | Open Fireplace

Key features that set this property apart:
- Expansive open-plan design framed by floor-to-ceiling windows, flooding the space with natural light and spectacular city-to-hills vistas.
- Chef's dream kitchen boasting luxe wrapped stainless steel benchtops, Miele appliances, built-in coffee machine, glass cooktop and under-bench oven.
- Private garden balcony with a water feature a tranquil outdoor escape made for entertaining or unwinding under the stars.
- Dual living zones on the lower level, complete with soaring ceilings and a stylish powder room.
- Architectural timber and glass staircase leads to a breathtaking master suite, where electric blinds reveal glittering skyline views.
- Sumptuous main bedroom includes a custom walk-in robe, integrated drawers and a lavish marble-tiled ensuite with full-size bath.
- Second balcony + built-in study nook featuring a Caesarstone desk - perfect for remote work or creative flow.
- Exclusive access only two residences on the 7th floor, serviced by secure lift and intercom.
- Historic character with a rare walk-in safe in the original basement - a nod to the building's past.
- No parking = more value: Save thousands with the freedom to lease parking nearby as needed.
- Premium finishes throughout: electric blinds, dual A/C systems, polished hardwood floors and a working central fireplace.

Whether you're a discerning professional, a city-loving student, or a savvy investor, this property offers unparalleled lifestyle and value. A true penthouse that lets the light pour in from above, it's not just a place to live - it's a place to thrive.

Enquire now to experience the magic of 15/196 North Terrace your sky-high slice of Manhattan, right in the heart of Adelaide.

Council Rates | $873 pq
SA Water | $217 pq
ESL | $TBA pa
STRATA $2681 pq
Year Built | 1900

Are you thinking of purchasing this property as an investment? Speak with our Property Management team on how we can assist you.

All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.

Property History for 7/196 North Tce, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$395,000
02 Oct 2014
Listed for Rent
$710/w
17 Feb 2021
  • 16 May 2025
    Listed for Sale UNDER CONTRACT
  • 03 Feb 2021
    Listed for Rent $710 / week
  • 28 Jun 2018
    Listed for Rent - Price not available
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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 18,722 properties. Over the last 5 years, Houses in Adelaide have seen a 49.03% increase in median value, while Units have seen a 34.05% increase. As at 31 January 2026:

  • The median value for Houses in Adelaide is $1,207,276 while the median value for Units is $568,990.
  • Houses have a median rent of $650 while Units have a median rent of $620.
There are currently 141 properties listed for sale, and 97 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1233 properties were sold in the past 12 months in Adelaide.

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Cotality Copyright and Legal Disclaimers about Property Data
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.