Residential
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Inspection Mon 9 Nov, 12:30pm
505/304 Waymouth Street,
Adelaide 5000, South Australia
$220,000 - $230,000
Property details
-
Agents
High-Yield Investment or Low-Maintenance City Living.
Ideally located in the heart of Adelaide's vibrant West End, these fully furnished studio apartments present an exceptional opportunity for investors and owner-occupiers alike.
Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme, delivering a generous return of $1,234.17 per month after Unilodge have deducted their management and operating expenses. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester (February or July 2027).
Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance. The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible.
Positioned on the 5th floor with east facing views o ver the city skyline, this studio apartment is designed for comfort and functionality, with open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.
A built-in study desk and shelving provide a practical workspace, while a private east-facing balcony offers city views. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.
Residents enjoy access to building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. The recently refurbished study room, library and games room, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
This apartment is perfect for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.
For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the Ray White Adelaide City office (2/127 Hutt Street, Adelaide) for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA307896.
Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme, delivering a generous return of $1,234.17 per month after Unilodge have deducted their management and operating expenses. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester (February or July 2027).
Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance. The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible.
Positioned on the 5th floor with east facing views o ver the city skyline, this studio apartment is designed for comfort and functionality, with open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.
A built-in study desk and shelving provide a practical workspace, while a private east-facing balcony offers city views. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.
Residents enjoy access to building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. The recently refurbished study room, library and games room, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.
This apartment is perfect for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.
For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the Ray White Adelaide City office (2/127 Hutt Street, Adelaide) for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
RLA307896.
Inspections
Explore the area
School catchments
- Adelaide High School Secondary 7-12 Government 0.17km
- St Mary's College Combined R-12 Catholic 0.24km
- Sports College South Australia - Adelaide Comets Secondary Independent 0.50km
- Sturt Street Community School Primary R-6 Government 0.88km
- Temple Christian College Secondary 7-12 Independent 0.93km
- University Senior College at Adelaide University - Gawler Place Campus Secondary Independent 1.3km
- St Aloysius College Combined R-12 Catholic 1.4km
- Specialised Assistance School For Youth (SASY) Secondary 8-12 Independent 1.4km
- Muirden Senior College Secondary 11-12 Independent 1.4km
- Adelaide International School Secondary Independent 1.5km
- St George College - Junior Campus Combined Independent 1.5km
- University Senior College at Adelaide University - Jordan Campus Secondary 10-12 Independent 1.5km
- Pulteney Grammar School Combined R-12 Independent 1.7km
- St George College - Senior Campus Combined R-12 Independent 1.7km
- Gilles Street Primary School Primary R-6 Government 1.7km
- Christian Brothers College - Senior Campus Combined R-12 Catholic 1.9km
- Adelaide Botanic High School Secondary 7-12 Government 1.9km
- St Dominic's Priory College Combined R-12 Catholic 2.0km
- Annesley College Primary R-6 Independent 2.0km
- Christian Brothers College - Junior Campus Combined Catholic 2.2km
- Richmond Primary School Primary R-6 Government 2.5km
- North Adelaide Primary School Primary R-6 Government 2.5km
- Prince Alfred College Combined R-12 Independent 2.7km
- Cowandilla Primary School Primary R-6 Government 2.8km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Photos
Floorplan
Contact Toby Shipway
Contact Toby Shipway
Toby Shipway
505/304 Waymouth Street, Adelaide SA 5000
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Toby Shipway
505/304 Waymouth Street, Adelaide SA 5000