L 14 1701/181 Waymouth Street, Adelaide SA 5000
L 14 1701/181 Waymouth Street, Adelaide SA 5000
Penthouse-scale apartment in The Cullinan | 272m² with 4 beds and 3 car spaces | Adelaide High School catchment | No overlays detected | Luxury CBD residence
This property offers a rare configuration for an Adelaide CBD apartment: four bedrooms, four bathrooms, and three car spaces within 272 square metres of internal area. For a buyer seeking a genuine penthouse alternative without a full-floor commitment, this represents a competitive position in the market. The generous floor plan, dual living areas, and garage parking for three vehicles remove the typical compromises of high-rise living. It serves best an owner-occupier who values space, privacy, and proximity to the city, or a prestige investor targeting the top end of the rental market. The absence of bushfire, flood, or heritage overlays simplifies due diligence.
The primary risk is market timing: the listing status appears inconsistent, with some sources suggesting it may no longer be actively marketed, which could indicate pricing misalignment or a withdrawn campaign. Buyers should verify current availability and any holding costs if the property is vacant. The opportunity lies in the building’s quality—The Cullinan is a modern development with a reputable architect—and the school catchment for Adelaide High School adds long-term appeal for family buyers. FTTP connectivity is a supporting convenience but not a deciding factor at this price point.
Detailed Independent Property Report prepared by PropCred Analyst team for L 14 1701/181 Waymouth Street, Adelaide SA 5000
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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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
Bedrooms
4
Bathroom
4
Parking
2
Land
294m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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