Home/Properties/Adelaide/508/23 King William Street
508/23 King William Street, Adelaide$390,000
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For Saleapartment

508/23 King William Street

Adelaide, SA 5000, Australia
$385,000 – $395,000
3 bed 1 bath

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About this property

Originally constructed in 1936 and redeveloped in 2007, this appealing 3-bedroom apartment combines timeless character with the comforts of modern living. Offering a practical and low-maintenance lifestyle, the well-designed floorplan provides flexibility and functionality, making it ideal for owner-occupiers and investors alike. The open-plan living space creates a comfortable setting to unwind, or enjoy the convenience of city life. Ideally positioned in the heart of Adelaide, you'll enjoy easy access to an array of cafés, restaurants, shopping, entertainment, and public transport options. Key destinations including Uni SA, the Royal Adelaide Hospital, Adelaide Oval, Rundle Mall, and numerous city attractions are all within walking distance. Showcasing charming architectural features that pay tribute to Adelaide's history, the building offers a unique living experience rarely found in modern developments. Whether you're looking to secure your first property, add to your investment portfolio, or purchase a city base, this apartment represents exceptional value. With no restrictive management agreements and flexibility in how the property can be utilised, it provides greater freedom than many similar city offerings. Currently returning $620 per week, the property offers a solid income stream while retaining future flexibility for owner-occupiers or investors. Opportunities like this in such a sought-after location are not to be missed. For further information or to book a tour, contact Kelly on 0468 640 085.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Listed
3 weeks ago

Repayment calculator

$1,891/month
$945 /fortnight
Loan $312,000 at 6.10% over 30 years

Upfront costs

Deposit$78,000
Stamp duty$15,830
Conveyancing (est.)$2,000
Total upfront$95,830
Verify with SA revenue office →
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 3-bedroom apartment in Adelaide, SA 5000 sits within reach of public transport, local shops and nearby schools. It is listed 36% below the $610,000 median of 72 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

  • Adelaide Railway Station 1 (train)418 m away
  • Lucia's Charcuterie834 m away
  • Unnamed216 m away
  • Unnamed249 m away
  • Pfitzner Court487 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 3 bed

Compound growth +15.0% / yr over 4 yrs

$1.30mcurrent median

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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