101/242 Flinders Street, Adelaide SA 5000
101/242 Flinders Street, Adelaide SA 5000
This two-bedroom, one-bathroom apartment on Flinders Street in Adelaide’s CBD was built in 2014, offering a modern, low-maintenance layout on a 74-square-metre lot. Positioned on the first floor, the unit provides convenient access and a practical floorplan suited to urban living, with no parking included.
The property’s competitive strength lies in its efficient, contemporary design and prime location within Adelaide’s vibrant central business district. Its 2014 construction ensures modern finishes and systems, appealing to investors and first-home buyers seeking a low-maintenance, lock-and-leave lifestyle. The unit’s walkability to employment, transport, and amenities is a significant advantage, while the estimated rental yield suggests solid demand from young professionals and downsizers. This apartment serves best as a reliable entry point into the CBD market, offering a blend of practicality and location over luxury.
Value may be influenced by the absence of parking, which could narrow the buyer pool or require a price adjustment for those with vehicles. The first-floor position may offer less privacy and potentially more street noise than higher levels, though it ensures easy access. The small lot size limits future expansion but aligns with typical CBD unit expectations. Buyers should weigh these factors against the property’s modern age and strong rental potential when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 101/242 Flinders Street, Adelaide SA 5000
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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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
2
Bathroom
1
Parking
-
Land
74m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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