602/185 Morphett Street

Adelaide SA 5000

Apartment

Last sold for $435,500

Felix Chu, last sold this property on 20 January 2026 after 21 days on market.

Overview

Stylish CBD Apartment with Secure Parking & Resort-Style Facilities

Positioned high within the sought-after Gallery Apartments, this contemporary one-bedroom residence delivers the ultimate in low-maintenance city living, complete with the rare inclusion of a secure car park and secure rental income. Filled with natural light, the open-plan living and dining area creates a welcoming space to relax or entertain, flowing effortlessly to an enclosed balcony with bi-fold windows - ideal for enjoying year-round comfort in any season. The modern kitchen is both practical and stylish, featuring stone benchtops, gas cooking and a dishwasher, making everyday living a breeze. The generously sized bedroom includes built-in robe and a dedicated study nook, perfectly suited for professionals or those working from home. A sleek bathroom incorporates a European-style laundry and smart storage solutions, maximising functionality without compromising on style. Residents of The Gallery enjoy access to exceptional resort-style amenities, including a heated indoor swimming pool, spa, sauna and steam room - offering a private escape right in the heart of the city. Investment Highlights: Currently tenanted until July 2026 at $475 per week Secure car park leased separately at $280 per month until MAY 2026 Strong combined rental return with flexible future options Key Features: - Light-filled open-plan living and dining - Contemporary kitchen with stone benchtops, gas cooktop & dishwasher - Enclosed balcony with bi-fold windows for flexible indoor–outdoor living - Bedroom with built-in robe and study desk - Modern bathroom with European laundry - Reverse-cycle air conditioning for year-round comfort - Secure car park and keyless building entry - Lift access and intercom system - Exclusive access to pool, spa, sauna & steam room Perfectly suited to savvy investors, professionals or future owner-occupiers, this apartment enjoys an unbeatable CBD location moments from Rundle Mall, Adelaide Central Market, universities, public transport and Adelaide's best cafés and dining. Specifications: CT / 6036/7 Council / City of Adelaide Zoning / Capital City Year Built / 2009 Council Rates / $1,472.6 p.a approx. Strata Fees / $1,341.00 p.q approx. SA Water / $176.3 p.q approx. (Supply + Sewerage) ESL / $ 434.5 p.a approx. Strata Manager / Whittles

Features

1 bedroom

1 bathroom

1 carspace

1 open car space

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Adelaide over the last 12 months, the estimated median property value of 602/185 Morphett Street is $470k.

Median value

$470k

Estimated value range

$131.5k - $650k

Median days on market

Estimated value trend

13%

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.