304/12 Tapley Street, Adelaide SA 5000
304/12 Tapley Street, Adelaide SA 5000
This is a 121-square-metre, three-bedroom, two-bathroom apartment on level three of a 2019 building in Adelaide’s inner city. It includes one car space.
What is competitively strong here is the rare combination of three bedrooms and a full 121 square metres of internal space in a modern, inner-city building. Most apartments in this suburb are one or two bedrooms, so this unit serves a distinct buyer: families who want city proximity without a house, or professionals needing a dedicated home office alongside living quarters. The 2019 build means modern finishes, air conditioning, and built-in robes are standard, and the property sits within the catchment for Adelaide High School, which adds to its appeal for family buyers. Its positioning within a small, contemporary complex on Tapley Street gives it a quieter, more residential feel than many high-rise towers, yet it remains central to the city’s amenities.
Several factors may influence this property’s value. The floor area discrepancy between 121 and 104 square metres could affect how buyers perceive space, particularly if the lower figure excludes balconies or internal walls. The 2022 sale of an identical unit at 303 for $760,000 provides a historical benchmark, but market conditions and finishes may have changed since then. The estimated gross rental yield of around 3.9 percent is moderate for the suburb, so an investor might weigh this against capital growth potential. The shared 449-square-metre lot and strata title mean no exclusive land, which may limit long-term value appreciation compared to a house, though the central location and modern build offer strong demand fundamentals.
Detailed Independent Property Report prepared by PropCred Analyst team for 304/12 Tapley Street, Adelaide SA 5000
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
449m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!