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Back 602/23 King William Street
Off Market

602/23 King William Street

Adelaide SA 5000

3
1
52 m²
51 m²
Apartment
Last sold for $365,000
Michael CavuotoMichael Cavuoto, last sold this property on 15 June 2025 after 12 days on market.

Overview

Stunning apartment in the heart of the City

Located in the lively heart of Adelaide, this partially furnished three-bedroom apartment in the ever-popular King William Street precinct blends modern comfort, convenience, and inner-city style. Recently refreshed with a coat of paint and updated bathroom finishes, the apartment offers a move-in-ready lifestyle ideal for both owner-occupiers and investors alike. Just a short stroll from the world-renowned Adelaide Oval, moments from bustling retail hubs, and surrounded by a network of public transport options, this location promises unbeatable connectivity. Inside, the apartment boasts a smart layout with generous communal areas, while thoughtful touches such as bike storage and a communal laundry enhance everyday practicality. On-site managed reception services provide added security and a welcoming touch, creating a sense of ease and professionalism for residents. Whether you're looking to expand your investment portfolio or secure a personal city haven, this apartment caters to those seeking the ultimate urban lifestyle within Adelaide's vibrant CBD. Feature highlights: -Three-bedroom apartment with modern updates -Sought-after CBD location, just 100m to nearby shopping destinations -Walk to Adelaide Oval, cafes, and city attractions with ease -Freshly painted interiors and upgraded bathrooms ensure easy living -Generous communal spaces with reception services for added comfort -Convenient bike storage and access to communal laundry facilities -Positioned near parklands, reputable schools, shops, and transport Rental Return: -Previously leased at $185 per room per week, the apartment offered a total rental income of $555 per week, presenting a strong return for investors seeking steady cash flow in a high-demand location. Outgoings: -Water & Sewerage: $86 per quarter (arrox) -Council Rates: $1,813.90 per annum(arrox) -Emergency Services Levy: $109 per annum (arrox) -Strata Admin Fund: $1,440.75 per quarter (arrox) -Strata Sinking Fund: $346.50 per quarter (arrox) Apartment 602 at 23 King William Street presents a rare opportunity to secure an exceptional city residence. Stylishly presented and ideally situated, it offers a lifestyle of ease, comfort, and urban sophistication in the heart of Adelaide.

Features

3 bedrooms
1 bathroom
52 m² floor area
51 m² lot size
Apartment

Estimated Value

Based on this property and similar 3 bedroom apartments sold in Adelaide over the last 12 months, the estimated median property value of 602/23 King William Street is $1.21m.

Median value
$1.21m
Estimated value range
$365k - $3.2m
Median days on market
35
Estimated value trend
29%
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 602/23 King William Street

2025
Sold
$365,000
15 Jun 2025 by Michael Cavuoto, of Ray White Flinders Park

Happy sellers in Adelaide

93%
93% 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 31 reviews in Adelaide over the last 12 months.

Local market activity for 3 bedroom apartments in Adelaide

In the last 12 months, 67 three-bedroom apartments similar to 602/23 King William Street, have been sold.

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

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Adelaide

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Laura Hao

Laura Hao is a recommended agent for Adelaide.  They have 4 local sales and collected 7 local reviews across the last 12 months.

  •   5   (14 reviews)
  •  7 Reviews in Adelaide
  •  4 Sales in Adelaide
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Arnold Guan

Arnold Guan is a recommended agent for Adelaide.  They have 24 local sales and collected 7 local reviews across the last 12 months.

  •   5   (10 reviews)
  •  7 Reviews in Adelaide
  •  24 Sales in Adelaide
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Cynthia Sajkunovic

Cynthia Sajkunovic is a recommended agent for Adelaide.  They have 11 local sales and collected 4 local reviews across the last 12 months.

  •   5   (16 reviews)
  •  4 Reviews in Adelaide
  •  11 Sales in Adelaide
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Rhys Digance

Rhys Digance is an award winning recommended agent for Adelaide.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (436 reviews)
  •  3 Reviews in Adelaide
  •  4 Sales in Adelaide
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