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203/83 South Terrace, Adelaide$635,000
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203/83 South Terrace

Adelaide, SA 5000, Australia
$620,000 – $650,000
2 bed 1 bath 1 car71 m²

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About this property

Offers Close Tue, 28th Jul - 12pm (USP) Overlooking the southern parklands from the edge of Adelaide's CBD, this two-bedroom apartment brings a rare sense of green space to city living, pairing a crisp modern interior with treetop views, a private balcony, secure car accommodation and a floorplan that makes smart, light-filled use of its 74sqm footprint. Currently tenanted at $720 per week until 25 February 2027, it stands as a strong investment from day one, with the option to hold long term, explore future short-stay potential or move in at lease end and enjoy a city-edge base above the natural beauty of Veale Gardens. Open the Door to: A bright, modern apartment positioned above South Terrace with direct outlooks across the southern parklands. Two bedrooms, including a main bedroom with built-in robe, broad window and leafy parklands views. A second bedroom that works neatly as guest accommodation, a study, nursery or work-from-home base. Open-plan living and dining that draws natural light through the apartment and connects directly to the balcony. A private balcony made for morning coffee, evening air and uninterrupted views over the treetops. A smart monochrome kitchen with glossy upper cabinetry, white lower storage, dishwasher, electric cooking, integrated microwave space and glass-block window detail. A fresh bathroom with walk-in shower, mirrored storage, wall-hung vanity, charcoal feature tiling and a clean contemporary finish. Split-system air conditioning, recessed lighting, timber-look flooring to the living areas and carpeted bedrooms. Secure car accommodation within the building, adding everyday ease and stronger rental appeal. Currently leased at $720 per week until 25 February 2027, giving investors immediate holding income and future flexibility. Step outside and the city gives you its softer side first, with Veale Gardens, Himeji Garden and the southern Parklands directly across the road, while tram stops put Glenelg, the CBD, Festival Plaza, the Central Market and North Adelaide within easy reach. From here, mornings can start in the parklands, nights can finish in the city, and the coast remains one easy tram ride away. CT - 6147/352 Council - Adelaide Zoning - Capital City Year Built - 2014 Total Built Area - 74m² approx. Council Rates - $1,842.45 per year SA Water Rates - $767.40 per year Emergency Services Levy - $121.25 per year Community Admin Fund - $841.68 per quarter Community Sinking Fund - $546.00 per quarter All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including *** (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit. RLA 275403

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
71 m²
Listed
6 days ago

Repayment calculator

$3,078/month
$1,539 /fortnight
Loan $508,000 at 6.10% over 30 years

Upfront costs

Deposit$127,000
Stamp duty$28,755
Conveyancing (est.)$2,000
Total upfront$157,755
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Adelaide

This 2-bedroom apartment in Adelaide, SA 5000 sits within reach of public transport, local shops and nearby schools. It is listed 23% below the $825,000 median of 63 comparable apartmentswithin 5 km.

Schools near Adelaide

  • Christian Brothers College - Junior Campuscombined
  • Christian Brothers College - Senior Campuscombined · R-12 · Boys
  • Pulteney Grammar Schoolcombined · R-12 · CoEd
  • St Aloysius Collegecombined · R-12 · Girls
  • St Mary's Collegecombined · R-12 · Girls
  • Gilles Street Primary Schoolprimary · U, R-6 · CoEd

What's nearby

  • Stop D1 South Terrace - North side (bus)40 m away
  • Kuhmo Tyres169 m away
  • Whitmore Square335 m away
  • Veale Park / Waylu Yarta (Park 21)398 m away
  • Golden Wattle Park / Mirnu Wirra (Park 21W)440 m away

Adelaide at a glance

Full suburb profile
Population
18,202
Median age
31
Household income
$1,365/wk
Median rent
$400/wk
Median mortgage
$1,733/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Adelaide price trend

Median sold · Unit 2 bed

Compound growth +8.0% / yr over 4 yrs

$680kcurrent median

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Price history

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1 price change recorded for this property

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