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Back 820/304 Waymouth Street
Off Market

820/304 Waymouth Street

Adelaide SA 5000

1
1
25 m²
Apartment
Last sold for $204,000
Toby ShipwayToby Shipway, last sold this property on 23 December 2025 after 28 days on market.

Overview

**SOLD BY TOBY SHIPWAY - TO GET THE MAXIMUM PRICE WITH MINIMUM FUSS CONTACT TOBY SHIPWAY**

High-Yield Investment or Low-Maintenance City Living. Ideally located in the heart of Adelaide's vibrant West End, these fully furnished studio apartments present an exceptional opportunity for investors and owner-occupiers alike. Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme, delivering a generous return of $1,204.22 per month after management and operating expenses. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester. Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance. The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible. Perfectly positioned on the top floor with stunning east facing views, this studio apartment is designed for comfort and functionality, with open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom. A built-in study desk and shelving provide a practical workspace, while a private east-facing balcony offers city views. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience. Residents enjoy access to building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. The recently refurbished study room, library and games room, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal. This apartment is perfect for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle. For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919. All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice. RLA 307896

Features

1 bedroom
1 bathroom
25 m² lot size
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 820/304 Waymouth Street is $470k.

Median value
$470k
Estimated value range
$131.5k - $650k
Median days on market
29
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.

Property history for 820/304 Waymouth Street

2025
Sold
$204,000
23 Dec 2025 by Toby Shipway, of Ray White Adelaide CBD

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 1 bedroom apartments in Adelaide

In the last 12 months, 192 one-bedroom apartments similar to 820/304 Waymouth Street, have been sold.

This represents a 19% increase in one-bedroom apartments sales when compared to the previous 12 months.

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