806/23 King William Street, Adelaide, SA 5000 | Property Value & History | OnTheHouse
OFF MARKET

806/23 King William Street
Adelaide SA 5000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Last updated 23 Feb 2026
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Property Details for 806/23 King William St, Adelaide

806/23 King William St, Adelaide is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1936.

Building Type
Unit
Year Built
1936
Local Government
Adelaide
Lot/Plan
F806/C23717

Last Listing description (February 2026)

Inner-City Two-Bedroom Apartment

PRICE STATEMENT : $299,000 - $325,000Nestled in the heart of Adelaide's CBD, this bright and airy two-bedroom apartment presents a rare opportunity for first-home buyers, downsizers, or savvy investors seeking a low-maintenance city lifestyle. Positioned on the 8th floor of a heritage-style building, the apartment boasts an efficient and practical floorplan, combining an open living and dining area with a functional kitchen, two well-sized bedrooms with built-in storage, and a neat central bathroom. Elevated city views and abundant natural light make this a welcoming inner-city retreat.The apartment's location is unmatched, offering effortless access to everything Adelaide has to offer. Just a short stroll to Rundle Mall, Adelaide Central Market, universities, and a vibrant array of cafs and restaurants, you are perfectly placed to enjoy the city's dynamic lifestyle. Public transport is close by, including the free tram and bus services, making commuting a breeze and connecting you to all corners of the city and beyond.Secure building access and lift service ensure convenience and peace of mind, while the heritage charm of the 1930s building adds character and personality rarely found in modern city apartments. The communal areas are well-maintained, reflecting the care and attention given to the building as a whole, and reinforcing the quality lifestyle this apartment affords.With strong rental appeal due to its prime location and proximity to Adelaide's universities, businesses, and amenities, this property represents a smart investment opportunity. For those seeking a central base to enjoy the city, it offers the perfect balance of lifestyle, practicality, and accessibility, while investors will appreciate its potential for consistent returns.Whether you're stepping into the property market, downsizing, or adding to your investment portfolio, this apartment provides a compelling entry point to Adelaide CBD living. Don't miss your chance to secure a slice of city life in an unbeatable location this apartment combines convenience, character, and opportunity in one smart package.Council: City of UnleyCouncil Rates: $1,425.90/annum approx..SA Water: $176.30/quarter approx.. (supply only)ESL: $80.30/annum approx..Community Rates: $1,737.63/quarter approx.. (Admin Fund - $1,415.88/q & Sinking Fund - $321.75/q)Year Built: 1936Zoning: CC - Capital CityDisclaimer: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. (RLA 281342, 270735)

Property History for 806/23 King William St, Adelaide, SA 5000

A timeline of how this property has performed in the market
  • 21 Jan 2026
    Sold for $325,500
  • 05 Jan 2026
    Listed for Sale $325,500
  • 04 Jan 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 18,715 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 142 properties listed for sale, and 92 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1241 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.