802/242 Flinders Street, Adelaide SA 5000

8th floor views | 74m² modern footprint | strong CBD rental demand | premium over lower-floor comps This apartment occupies a genuinely strong position in the Adelaide CBD market. The 8th floor elevation and dual-aspect outlook-spanning eastern foothills to the coastline-are not common in this building or price bracket, and they give the property a clear competitive edge over lower-floor comparables. For a buyer, that view premium is the primary justification for the price gap against unit 401’s recent $467k sale. The 2014 build, split-system air conditioning, and balcony make it a low-maintenance proposition suited to professionals or investors targeting tenants who value light and outlook over parking. The estimated $575 per week rent supports a gross yield in the mid-5% range at the lower end of the asking guide, which is solid for inner-city stock. The absence of parking is the most material risk-it narrows the buyer pool and may suppress resale demand relative to comparable units with a car space. Strata levies on a 55-property complex are an ongoing cost that should be verified before exchange, as they directly affect net yield. On the opportunity side, the building has only one listing currently, suggesting limited immediate competition for a seller, and the NBN fibre connection supports remote work appeal. If you can secure this near the lower end of the guide, the rental return and view line make it a defensible hold for 5–7 years, particularly if Adelaide’s CBD rental market continues tightening.