904/39 Grenfell Street, Adelaide SA 5000

Rare 4-bedroom apartment | 100m² spacious layout | Adelaide High catchment | No flood or bushfire risk | Central CBD position This apartment is positioned as a competitively rare offering in Adelaide’s CBD, where four-bedroom configurations are uncommon. The 100-square-metre floorplan provides usable space uncommon in city living, and the location within the Adelaide High School catchment adds a distinct advantage for buyers prioritising education. The 2007 build ensures modern finishes, and inclusions such as air conditioning and a balcony support both comfort and tenant appeal. It is best suited to a buyer seeking a large city residence for own occupation or an investor targeting group tenants. A key risk is the discrepancy in historical bedroom records, which may affect valuation consistency. If the property has three bedrooms, the asking range is above market, creating a negotiation opportunity. The 2015 sale price of $492,000 provides a benchmark but the current asking suggests a premium justified only if the four-bedroom layout is confirmed. The property should be held as a medium-term investment for capital growth or used as a rental generating roughly $730 per week where the yield becomes attractive at a negotiated entry price.