Back 1402/17 Penny Place
Off Market

1402/17 Penny Place

Adelaide SA 5000

2
2
1
83 m²
Apartment
Last sold for $725,000
Albee LiangAlbee Liang, last sold this property on 17 June 2025 after 11 days on market.

Overview

Modern City Living: 2-Bedroom Apartment with Carpark and Panoramic Views

An exceptional opportunity awaits to secure a stylish urban lifestyle or a high-yield investment in one of Adelaide's most sought-after locations. Situated on the 14th floor of the iconic Penny Place building, this sleek two-bedroom apartment is currently leased at an impressive $700 per week until July 2025-offering strong rental returns and effortless, low-maintenance living. Featuring two generous balconies with breathtaking views of the city skyline and Adelaide Hills, this home is perfect for investors, professionals, or those seeking a secure lock-and-leave lifestyle. A dedicated on-site carpark adds convenience and value, all within easy reach of Adelaide's best amenities. Property Highlights: • LED downlights throughout • Expansive balcony with scenic views of CBD and the Adelaide Hills-ideal for relaxing or entertaining • Oversized bedrooms with built-in wardrobes and direct access to the full-width balcony • Designer kitchen with 20mm Caesarstone benchtops, premium Bosch appliances (gas cooktop and oven), and Fisher & Paykel double-drawer dishwasher • Ducted reverse-cycle air conditioning for year-round comfort • NBN ready for high-speed connectivity • Stylish main bathroom with ample recessed storage and a spacious shower • Separate European-style laundry with included additional storage • Secure undercover car park, intercom entry, and FOB building access Location Benefits: • Just a short stroll to Gouger Street's acclaimed dining scene, Central Market, shopping precincts, and entertainment venues • Easy access to public transport, universities, and cultural attractions • Zoned for Gilles Street Primary School, Adelaide High School, and Adelaide Botanic High School Specifications: CT / 6252/591 Council / Adelaide Zoning / Capital City Built / 2021 Council Rates / $563 pq Community Rates / $910pq Community Manager / Strata Data Emergency Services Levy / $139.75pa Enjoy the ultimate blend of comfort, style, and convenience in the heart of Adelaide. Priced to sell-don't miss your chance to own this stunning city apartment. Act now!

Features

2 bedrooms
2 bathrooms
1 carspace
83 m² floor area
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 1402/17 Penny Place is $663k.

Median value
$663k
Estimated value range
$310k - $1.49m
Median days on market
30
Estimated value trend
17%
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 1402/17 Penny Place

2025
Sold
$725,000
Private Sale/Treaty on 17 Jun 2025 by Albee Liang, of Pilgrim RE
2025
Rented
Undisclosed
Leased on 22 May 2025 by Pilgrim RE

Happy sellers in Adelaide

92%
92% 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 30 reviews in Adelaide over the last 12 months.

Local market activity for 2 bedroom apartments in Adelaide

In the last 12 months, 279 two-bedroom apartments similar to 1402/17 Penny Place, have been sold.

This represents a 9% increase in two-bedroom apartments sales when compared to the previous 12 months.

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