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2304/17 Penny Place

Adelaide, SA 5000, Australia
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2 bed 1 bath 2 car

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About this property

Welcome to Apartment 2304, 17 Penny Place, Adelaide - a sophisticated sky-home positioned on the 23rd floor of the award-winning Penny Place development, designed by renowned architects Woods Bagot. Completed in 2021, this stunning residence delivers an exceptional lifestyle in the heart of Adelaide's vibrant CBD, combining contemporary luxury, breathtaking views and unrivalled convenience. From sunrise over the Adelaide Hills to sparkling city lights at night, the panoramic outlook stretches across the city skyline, picturesque parklands and the majestic Mt Lofty Ranges, creating a truly spectacular backdrop to everyday living. Step outside your door and embrace Adelaide's finest lifestyle attractions. Enjoy your morning coffee at the Adelaide Central Market, stroll through the surrounding parklands, explore Gouger Street's renowned dining precinct, or catch world-class entertainment at Adelaide Oval, the Festival Theatre, Fringe Festival or nearby laneway bars. Inside, the thoughtfully designed floorplan offers generous open-plan living and premium finishes throughout. The stylish entertainer's kitchen features Caesarstone benchtops, Bosch gas cooktop and oven, dishwasher and excellent storage solutions, making it perfect for everyday living and entertaining alike. The spacious open-plan living and dining area seamlessly connects to a private balcony where you can relax, entertain guests and take in the spectacular city atmosphere from above. Accommodation comprises two generously sized bedrooms, both featuring built-in robes, split-system air conditioning and direct balcony access, allowing you to wake up to stunning views every day. The luxurious bathroom showcases stylish matte black fixtures, a rainfall shower, wall-length mirrored vanity and contemporary designer finishes, while a convenient European laundry adds everyday practicality. A truly rare offering in Adelaide's CBD, Apartment 2304 comes complete with two secure allocated car parks - a highly sought-after feature that is seldom available in city apartments. Whether you have multiple vehicles, require additional storage flexibility, or simply appreciate the convenience and investment value of secure parking, this exceptional inclusion sets the property apart from many comparable CBD residences. Opportunities to secure a premium high-rise apartment with two dedicated car spaces are increasingly rare, making this an outstanding lifestyle and investment opportunity. Investors will also appreciate the option to purchase the apartment fully furnished, offering immediate rental appeal and flexibility. Having already won awards for residential architecture, Penny Place provides an upmarket, stylish feel in one of Adelaide's most sought-after CBD locations. Features You'll Love Positioned on the 23rd floor with spectacular city, parkland and Adelaide Hills views Award-winning Woods Bagot designed development Built in 2021 Two spacious bedrooms with built-in robes Split-system air conditioning to both bedrooms Open-plan living and dining area with air conditioning Two private balconies Stylish designer bathroom with rainfall shower European laundry Premium kitchen with Caesarstone benchtops Bosch gas cooktop and oven Dishwasher and ample storage LED downlights throughout Tiled kitchen and hallway Secure building access Two secure allocated car parks - a rare CBD offering Walking distance to Adelaide Central Market, restaurants, cafes, bars and entertainment precincts Convenient access to tram, train and bus services Apartments within Penny Place are always in demand; however, opportunities to secure a premium 23rd-floor residence with panoramic views and two secure car parks are exceptionally rare, making this a standout offering for both owner-occupiers and investors. Whether you're seeking a luxurious city residence, an executive lock-and-leave lifestyle, or a blue-chip investment, Apartment 2304 offers an exceptional combination of location, lifestyle and contemporary sophistication in one of Adelaide's premier residential developments. Property Information Council Rates: $584.35 per quarter (approx.) Strata Fees: $918.30 per quarter (approx.) Sinking Fund: $198.32 per quarter (approx.) SA Water Supply Charge: $82.30 per quarter (approx.) SA Water Sewerage Charge: $93.30 per quarter (approx.) Emergency Services Levy: $183.68 per annum (approx.) Year Built: 2021 A rare opportunity to secure a premium CBD apartment with breathtaking views, award-winning design and the highly sought-after bonus of two secure allocated car parks. *Disclaimer: Raine & Horne Unley try their absolute best to obtain correct information for this advertisement. The accuracy of this information cannot be guaranteed, and all interested parties should seek independent legal advice if they wish to proceed. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
2
Listed
1 month ago

Repayment calculator

$3,820/month
$1,910 /fortnight
Loan $630,400 at 6.10% over 30 years

Price estimated from comparable nearby — edit below to use your own number

Upfront costs

Deposit$157,600
Stamp duty$37,170
Conveyancing (est.)$2,000
Total upfront$196,770
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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.

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 VS3 Victoria Square - East side (bus)134 m away
  • A Happiness Vender32 m away
  • Unnamed166 m away
  • Unnamed230 m away
  • Gawler Place Courtyard338 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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Adelaide price trend

Median sold · Unit 2 bed

Compound growth +8.6% / yr over 4 yrs

$690kcurrent median

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