1204/29 Angas Street, Adelaide SA 5000

1204/29 Angas Street, Adelaide SA 5000
2-bed 2-bath 1-car | 84m² newer CBD build | Adelaide High catchment | strong rental demand | no overlay risk This apartment holds a genuine edge in the Adelaide CBD market. At 84 square metres, it is noticeably larger than much of the compact investor stock dominating the city, and the second bathroom plus secure car space shifts it firmly into owner-occupier territory. The 2018 build means modern construction, ducted climate control, and timber flooring throughout, which appeals strongly to professionals and downsizers who want lock-and-leave living without the compromises of older walk-ups. Its position within the Adelaide High School catchment adds a practical layer of demand that many comparable city apartments simply do not carry, making it suitable for both families seeking school access and investors chasing reliable tenancy. Value may be shaped by how the apartment’s floor level and outlook compare to higher-floor units in the same tower, as views and natural light tend to command noticeable premiums in this building. The reported 171 square metre unit entitlement figure appears generous relative to the internal area, which could support a stronger valuation if it reflects a larger balcony or shared space allocation. Rental income around $790 per week on current estimates suggests a healthy gross return, though the absence of a recorded sale for this exact unit means pricing will lean on how the market reads its aspect and condition relative to similar 2-bed configurations nearby. || Comparable Sales: 1504/29 Angas Street sold in similar range; 2103/29 Angas Street guided near $750k | Property Price Band: $700K–$800K | Value Drivers: floor level and outlook, generous internal size, school catchment proximity
Detailed Independent Property Report prepared  by PropCred Analyst team for 1204/29 Angas Street, Adelaide SA 5000
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
Execution Risk 2
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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

Comparable Sales: 1504/29 Angas Street sold in similar range; 2103/29 Angas Street guided near $750k | Property Price Band: $700K–$800K | Value Drivers: floor level and outlook, generous internal size, school catchment proximity

Bedrooms

2

Bathroom

2

Parking

1

Land

171m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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