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5/21 Russell Street

Adelaide SA 5000

2
1
2
175 m²
Townhouse
Currently for sale - view listing

Overview

Open the Door to an Iconic Two-Level Loft-Style Apartment with Proven Airbnb Potential

Offers Close Tue, 4th Aug - 1pm (USP) Bookended by Veale Gardens and the Central Market, a slice of New York meets the best of Adelaide's green-belted CBD to create a multi-level home that tracks the sun from rise to fall from its terraces and takes its industrial cues from the shoe factory that once stood in its place. Exposed concrete walls and polished floors, a light-grabbing atrium, high ceilings, feature graffiti art and prolific glazing define this lock-and-leave home that gives a little wink to the loft homes of Manhattan and captures Adelaide's historical context at every opportunity it gets. The result is an expressive two-level residence that embraces its inspired 2021-refresh, three balconies, push-button comfort, Japanese-inspired bathroom, centrepiece kitchen, vast open-plan living and secure double garaging like few city apartments ever have, all architecturally wrapped up in an iconic building of just eight residences. It's something else. Open the door To: • A rare city home with the scale, separation and outdoor freedom of a townhouse, tucked inside a gated boutique group of just eight residences • Proven short-stay appeal for buyers seeking an income-producing city base, subject to relevant approvals and strata requirements • A 2021/22 transformation built on the property's industrial past • Living, dining and kitchen zones linked by polished concrete floors, exposed concrete finishes and walls of glass • An original graffiti artwork by a local street artist marking the entrance with one final nod to the city outside • A stainless steel kitchen with Smeg appliances, gas cooking, filtered water, dishwasher, and extensive storage • An internal atrium drawing light deep into the lower level and framing the adjoining heritage architecture • Three private balconies capturing sunrise, sunset and rooftop views across the city • A west-facing terrace with an electric heat bar and automated blinds for year-round use • An east-facing terrace with two generous clotheslines and room for open-air entertaining • An upper-level main bedroom with built-in storage, automated blind, ensuite and its own balcony • A fully renovated main bathroom with a Japanese-style bath, double shower, heated towel rails, illuminated niche and floating vanity • A second bedroom with built-in storage and plenty of scope for guests, work or long-term accommodation • A downstairs powder room and cleverly concealed laundry behind folding barn-style doors • Built-in Bose eight-speaker surround sound, feature lighting with dimmers and a living room television included • Three-zone ducted reverse-cycle air conditioning, tinted windows and fibre NBN • Under-stair cabinetry, linen storage, laundry cabinetry and built-in robes to both bedrooms • Electric gates, street intercom, alarm system and a private entrance • A secure side-by-side double garage, an almost mythical inclusion in this part of the CBD • No lifts or shared leisure facilities to complicate the boutique strata set-up Step out and Adelaide becomes one long walkable neighbourhood, with morning laps through Veale Gardens in one direction and coffee, produce, yum cha and late-night plates at the Central Market, Chinatown and Gouger Street in the other. The free city tram and loop bus remove any need to reach for the car, while the parklands, King William Street and the wider CBD grid put work, culture, dining and nightlife within easy reach before you retreat behind the gates to unexpectedly quiet city nights…and one very special home. CT - 5896/331 Council - City of Adelaide Zoning - CMS - City Main Street CiHS - City High Street Year Built - 2003 Total Buil Area - 175m² approx. Council Rates - $2,788.00 per year SA Water Rates - $939.08 per year Emergency Services Levy - $178.30 per year Strata Admin Fund - $628.00 per quarter Strata Sinking Fund - $98.00 per quarter All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including Realestate.com.au (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit. RLA 275403

Features

2 bedrooms
1 bathroom
2 carspaces
2 garage spaces
175 m² floor area
Townhouse

Property history for 5/21 Russell Street

2021
Sold
$812,500
08 Sep 2021 by Andrew Downing, of Ray White Adelaide CBD

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 24 reviews in Adelaide over the last 12 months.

Local market activity for 2 bedroom townhouses in Adelaide

In the last 12 months, 18 two-bedroom townhouses similar to 5/21 Russell Street, have been sold.

This represents a 32% increase in two-bedroom townhouses sales when compared to the previous 12 months.

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