806/23 King William Street

Adelaide SA 5000

45 m²

Unit

Last sold for $325,500

James Packham, last sold this property on 20 January 2026 after 14 days on market.

Overview

Inner-City Two-Bedroom Apartment

PRICE STATEMENT : $299,000 - $325,000 Nestled in the heart of Adelaide's CBD, this bright and airy two-bedroom apartment presents a rare opportunity for first-home buyers, downsizers, or savvy investors seeking a low-maintenance city lifestyle. Positioned on the 8th floor of a heritage-style building, the apartment boasts an efficient and practical floorplan, combining an open living and dining area with a functional kitchen, two well-sized bedrooms with built-in storage, and a neat central bathroom. Elevated city views and abundant natural light make this a welcoming inner-city retreat. The apartment's location is unmatched, offering effortless access to everything Adelaide has to offer. Just a short stroll to Rundle Mall, Adelaide Central Market, universities, and a vibrant array of cafés and restaurants, you are perfectly placed to enjoy the city's dynamic lifestyle. Public transport is close by, including the free tram and bus services, making commuting a breeze and connecting you to all corners of the city and beyond. Secure building access and lift service ensure convenience and peace of mind, while the heritage charm of the 1930s building adds character and personality rarely found in modern city apartments. The communal areas are well-maintained, reflecting the care and attention given to the building as a whole, and reinforcing the quality lifestyle this apartment affords. With strong rental appeal due to its prime location and proximity to Adelaide's universities, businesses, and amenities, this property represents a smart investment opportunity. For those seeking a central base to enjoy the city, it offers the perfect balance of lifestyle, practicality, and accessibility, while investors will appreciate its potential for consistent returns. Whether you're stepping into the property market, downsizing, or adding to your investment portfolio, this apartment provides a compelling entry point to Adelaide CBD living. Don't miss your chance to secure a slice of city life in an unbeatable location – this apartment combines convenience, character, and opportunity in one smart package. Council: City of Unley Council Rates: $1,425.90/annum approx.. SA Water: $176.30/quarter approx.. (supply only) ESL: $80.30/annum approx.. Community Rates: $1,737.63/quarter approx.. (Admin Fund - $1,415.88/q & Sinking Fund - $321.75/q) Year Built: 1936 Zoning: CC - Capital City Disclaimer: The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. (RLA 281342, 270735)

Features

2 bedrooms

1 bathroom

45 m² floor area

Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Adelaide over the last 12 months, the estimated median property value of 806/23 King William Street is $555k.

Median value

$555k

Estimated value range

$325.5k - $810k

Median days on market

Estimated value trend

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.