L 12 1501/181 Waymouth Street, Adelaide SA 5000
L 12 1501/181 Waymouth Street, Adelaide SA 5000
This is a three-bedroom, three-bathroom apartment on level twelve of an eighteen-level building, with two open secure car spaces, a balcony, and air conditioning. It sits in the heart of Adelaide’s CBD.
What is competitively strong here is the sheer rarity of a three-bedroom, three-bathroom configuration in this part of the city. Most stock is smaller, making this unit a genuine outlier in terms of space and floorplan. The building itself is modern and well-appointed, with communal facilities like a pool, spa, and rooftop garden that add tangible lifestyle value. The property is perched high enough to capture strong views, and its position within the Adelaide High and Botanic High school catchments broadens its appeal significantly. This serves the buyer who wants a genuine city residence with room to live, not just a compact pied-Ã -terre. It is positioned firmly in the ultra-high-end tier for the suburb, which means the buyer pool is smaller but more serious.
The rental yield, estimated at around two percent, is low and may not satisfy an investor focused on cash flow. This property is more about capital growth and lifestyle than immediate income. The high entry price, well above typical CBD apartments, means the market for resale will be narrower, which could affect how quickly it sells if the buyer needs to exit. The open parking spaces, while secure, are not underground, which some buyers might view as a minor compromise given the price point. These factors should be weighed carefully when forming a view on price, as they may influence how long it takes to find the right buyer.
Detailed Independent Property Report prepared by PropCred Analyst team for L 12 1501/181 Waymouth Street, Adelaide SA 5000
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Adelaide’s market is defined by exceptionally tight supply, creating a competitive environment that is driving strong price growth across both houses and units. Demand is underpinned by a diversified local economy and relative affordability compared to eastern capitals, attracting both active buyers and new entrants. This supply-demand imbalance, coupled with improving borrowing conditions, supports sustained upward momentum. However, sharply rising entry prices present a significant constraint for first home buyers, while limited new listings and construction timelines continue to pressure overall market activity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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