31/22 Cambridge StreetNorth Adelaide SA 5006
Property Details for 31/22 Cambridge St, North Adelaide
31/22 Cambridge St, North Adelaide is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 68m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (September 2023)
Introducing your new dream long term investment property, a perfect location in the tightly held suburb of North Adelaide.
Located in the heart of North Adelaide with the CBD only minutes away, you'll have Adelaide's classiest food and beverage outlets right at your doorstep.
The apartment is currently tenanted to lovely tenants on a fixed lease arrangement, with an end date is 09/02/2024.
When you are looking for an investment property these are the key factors you should consider, and this property puts a tick in every box:
Location... this property is in a prime location between O'Connell St and Wellington Square, North Adelaide for food and entertainment and within a short distance to the RAH for young Doctors and Nurses looking to rent close to work or students close to Adelaide university campuses.
Tenants... the existing tenants have been brilliant and are leased until Feb 2024
Property condition... this property is in excellent condition, a testament to the tenants and the existing Property Management.
Yield... at more than 4.5% it will just about pay for itself (depending on your Tax position)
RAH and Adelaide CBD is just 2.5kms
North Adelaide Village 229metres
The numbers:
Council Rates $351.35 per qtr.
Strata Fees $579 per qtr.
Sinking Fund $33 per qtr.
Rent $750 per fortnight. ($4,875 per qtr.)
Don't miss out on this incredible opportunity...
Contact Graeme Clark on 0408 081313 for further information.
NOTE: The photos displayed were take prior to the current tenancy
NOTE: Buying as an investment property? Why not speak to the City Realty Residential Property Management team on (08) 8212 5899 about managing this or your other investment properties.
Disclaimer:
This advert contains information and imagery which is believed to be accurate based on City Realty sources and/ or inspections of the property before or at the time of advertising. Prospective buyers or other parties should make their own inquiries about the validity and accuracy of this information and view the property before making any offers. Our privacy policy is available at www.cityrealty.com.au | RLA 262 481
Property History for 31/22 Cambridge St, North Adelaide, SA 5006
- 15 Aug 2023Sold for $445,000
- 22 May 2023Listed for Sale Under Offer - more properties needed in North Adel
- 25 Jan 2022Listed for Rent $360 / week
Recent sales nearby
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0About North Adelaide 5006
The size of North Adelaide is approximately 5.1 square kilometres. It has 40 parks covering nearly 57.8% of total area. The population of North Adelaide in 2016 was 6950 people. By 2021 the population was 6823 showing a population decline of 1.8% in the area during that time. The predominant age group in North Adelaide is 20-29 years. Households in North Adelaide are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in North Adelaide work in a professional occupation.In 2021, 50.60% of the homes in North Adelaide were owner-occupied compared with 48.80% in 2016.
North Adelaide has 4,884 properties. Over the last 5 years, Houses in North Adelaide have seen a 62.33% increase in median value, while Units have seen a 66.54% increase. As at 31 January 2026:
- The median value for Houses in North Adelaide is $1,675,481 while the median value for Units is $830,209.
- Houses have a median rent of $700 while Units have a median rent of $550.
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