1405/17 Penny Place

Off Market

1405/17 Penny Place

Adelaide SA 5000

88 m²

Apartment

Frank Zhao, last sold this property on 21 September 2026 after 18 days on market.

Overview

Golden CBD Opportunity: Unrivalled Urban Living & High-Yield Investment

Perched on the 14th floor of the highly sought-after Penny Place Apartments, this sophisticated 2-bedroom, 1-bathroom residence offers an exceptional opportunity for owner-occupiers and savvy investors to secure a slice of Adelaide's vibrant CBD. Designed by internationally acclaimed architects Woods Bagot and developed by Flagship Group, this premium apartment flawlessly blends high-end contemporary design with urban convenience. The meticulously crafted 88m² layout maximises space and natural light, flowing seamlessly into an expansive balcony that captures breathtaking, panoramic city and coastline views. Positioned in a bustling economic hub with zero heritage, flood, or bushfire overlays, this property represents a high-yield asset with outstanding capital appreciation potential. Whether you seek a luxurious, lock-and-leave city base or a high-demand rental, this residence delivers an unparalleled metropolitan lifestyle. Features: -Two well-proportioned bedrooms with built-in robes -Approx. 88sqm floor area -Generous full-width balcony with elevated city and coastline views -Contemporary kitchen with Caesarstone benchtops and glass splashbacks -Bosch gas cooktop and oven -Fisher & Paykel two-drawer dishwasher -Split-system air conditioning -One dedicated secure car space -Resident common areas including meeting room and kitchen Locality: -6 mins drive to Rundle Mall -3 mins drive to Adelaide Central Market & Chinatown -6 mins drive to University Hub -2 mins drive to Victoria Square / Tarntanyangga School Zone: -Gilles Street Primary School -St Aloysius College -Adelaide High School -Adelaide Botanic High School Specifications: -CT: 6252/594 -Build year:2021 -Council: City of Adelaide -Council Rates: $621.20/q -ESL: $135.5/a -Water Fixed Rates: $191.85/q -GAS Service Charge: 105.24/q -Strata Rates: Admin Fund $982.21/q, Sinking Fund $193.75/q Call Frank on 0450 216 898 or Dylan at 0451757898 for more information, recent sold reports are available on request, or meet you on-site over the weekends. Disclaimer - 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 enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at Kaide Real Estate office - Office 7, 9-15 Field St for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts RLA 285210

Features

2 bedrooms

1 bathroom

1 carspace

1 open car space

88 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 1405/17 Penny Place is $685.33k.

Median value

$685.33k

Estimated value range

$1k - $2.09m

Median days on market

Estimated value trend

12%

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 1405/17 Penny Place

2026

Sold

Undisclosed

21 Sep 2026 by Frank Zhao, of Kaide 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, 238 two-bedroom apartments similar to 1405/17 Penny Place, have been sold.

This represents a 24% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

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