201/271-281 Gouger Street, Adelaide SA 5000

Modern 2-bed 2-bath with parking & gym | High-yield CBD apartment | Leased at $570/week | Adelaide High catchment This unit presents a competitively strong offering within the Adelaide CBD, combining a mid-sized two-bedroom layout with both a dedicated parking space and a building gym—a combination often absent in comparable stock. Its position on Gouger Street offers parkland tranquility while maintaining immediate proximity to the Central Markets and tram connectivity, creating a compelling proposition for professionals or investors seeking a low-maintenance, high-amenity lifestyle with proven rental demand. The primary decision rests on balancing the premium for modern finishes and amenities against the inherent risks of strata living and market concentration. The high indicated rental yield signals strong income coverage, making it suitable for a buy-and-hold investor. For an owner-occupier, the move-in-ready condition and aspect provide immediate utility, though capital growth may mirror the broader CBD apartment segment. Proceed with a focus on strata health, as this dictates long-term cost control and livability. Recent comparable sales and valuations establish a credible value benchmark: • Unit 204/271-281 Gouger Street: Valued at $560,000 (range $530k-$590k) • This property’s last sale: $385,000 in 2018, with a current estimated value of $540,000 • Other CBD comparables include 211/271-281 Gouger Street and 803/297 Pirie Street This data confirms the property operates within a well-defined CBD apartment price band, with its valuation uplift since 2018 reflecting both market movement and the sustained desirability of this complex’s specific offering.