501/83 South Terrace

Adelaide SA 5000

Apartment

Last sold for $535,000

Anthony Fahey, last sold this property on 09 November 2021 after 175 days on market.

Overview

'SPARKLING CITY FRINGE APARTMENT WITH SPECTACULAR PARK / HILLS VIEWS'.

Flawless in presentation, this classy secure apartment will leave you breathless. Set in the 'Citi Fringe' boutique apartment complex, this outstanding offering will suit a variety of astute buyers which includes 1st home buyers, retirees, investors or those wanting a low maintenance lifestyle so close to the CBD. Built in 2014 with no expense spared this luxurious apartment features: * 2 double sized bedrooms (master with built in robes, both of the bedrooms boast CBD views). * Impressive kitchen with an abundance of cupboard storage, bench space, 'Caesar Stone' benchtops and quality appliances. * Integrating with the kitchen is the open plan casual meals / living area. From this area, you can enjoy unlimited views of the parklands. * Deluxe bathroom which is equipped with a shower, w.c., vanity and stone benches. * European laundry. * Covered balcony which overlooks the attractive Parklands and Adelaide Hills in the horizon. * Ducted reverse cycle air-conditioning. * Intercom Security. * Single carport with automated car lift. You require a remote control to access the rear carpark security roller gate. * Security is paramount with security entrance access off South Terrace. Attractive main entrance foyer. * Combination of Bamboo timber flooring in the main living area and carpet in the bedrooms. * The current Vendors have recently rented the apartment out fully furnished achieving approximately $30,000 per year. * Fixed long term rental projection (unfurnished) is approximately $500 per week. (Please see Form R7 attached with the photos) Local attractions within proximity include the South Terrace Parklands, Veale Gardens, central markets, Gouger Street, Chinatown, Café's and bars, quality private and public schools, public transport and much more! 'You're sure to be very impressed. Take advantage!' RLA183205

Features

2 bedrooms

1 bathroom

1 carspace

1 garage space

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 501/83 South Terrace is $680k.

Median value

$680k

Estimated value range

$310k - $1.4m

Median days on market

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.