121/61 Hindmarsh Square

Off Market

121/61 Hindmarsh Square

Adelaide SA 5000

67 m²

Apartment

Last sold for $375,000

Toby Shipway, last sold this property on 12 October 2026 after 124 days on market.

Overview

SOLD BY TOBY SHIPWAY

Prime Investment Opportunity in Adelaide's Thriving East End Positioned within the highly regarded Mantra Hindmarsh Square complex, this fully furnished two bedroom apartment offers an exceptional chance for investors seeking reliable returns and long-term capital growth in one of the CBD's most tightly held pockets. *Please note this property is for property is for investment only and cannot be lived in. Perfectly located to accommodate guests from all walks of life, all the conveniences of the CBD at your doorstep. A short stroll will take you to Rundle Mall and Rundle Street, the South Australian Museum and Art Gallery, Botanic Gardens, iconic Adelaide Oval, Adelaide Zoo, River Torrens Precinct and much more. Currently part of the Hindmarsh Square Managed Investment Scheme, the apartment operates as hotel accommodation with income generated through a high occupancy pool. Investors benefit from a generous return of approximately $29,942.30 per annum. This equates to an impressive 8% yield (approx.) after management and operating expenses. This property also meets the requirements for Stamp Duty Exemption (Subject to approval from Revenue SA). This is a potential saving of approximately $15,000 on top of the purchase price! Adding to the appeal of this hands off investment, owners receive 14 nights of complimentary accommodation each year, allowing you to enjoy your own apartment for holidays, business trips or personal stays. The Mantra Hindmarsh Square has successfully operated this "set and forget" model since around 2003, supported by 24 hour reception, DJ's Diner & Bar, room service, and a fully equipped gym-ensuring guests enjoy premium comfort in the heart of the city. Inside the apartment features light filled open plan living and dining, a well-appointed kitchenette and a huge private balcony overlooking the leafy Hindmarsh square. Both bedrooms are great size with built in robes and the stylish bathroom centrally located between them. Additional features include ducted reverse cycle air conditioning, secure building access and lift service for year round comfort and peace of mind. This is an excellent opportunity to secure a high performing, low maintenance asset in a blue chip CBD location. Invest in Adelaide's ever exciting East End today! 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). Some images may have been digitally enhanced for marketing purposes. 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.

Features

2 bedrooms

1 bathroom

67 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Adelaide over the last 12 months, the estimated median property value of 121/61 Hindmarsh Square is $670k.

Median value

$670k

Estimated value range

$1k - $2.09m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Adelaide. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 121/61 Hindmarsh Square

2026

Sold

$375,000

12 Oct 2026 by Toby Shipway, of Ray White Adelaide CBD

2016

Sold

$299,000

28 Jun 2016 by Henry Gower, of Fox Real Estate

Happy sellers in Adelaide

91%

91% of sellers in Adelaide reported that their sale price either exceeded or met their price expectations.

Adelaide stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Adelaide over the last 12 months.

Local market activity for 2 bedroom apartments in Adelaide

In the last 12 months, 229 two-bedroom apartments similar to 121/61 Hindmarsh Square, have been sold.

This represents a 34% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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