×
505/304 Waymouth Street, Adelaide SA 5000 For Sale

505/304 Waymouth Street, Adelaide SA 5000

High-Yield Investment or Low-Maintenance City Living.

Studio
Type
1
Bedrooms
1
Bathrooms

Published on Wednesday, October 21, 2026 ( See property details for 505/304 Waymouth Street, Adelaide SA 5000)

$220,000 - $230,000

Open on Wednesday 28 October 12:30 pm | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, fully furnished city-view studio apartment in Adelaide's West End, offering excellent rental returns and convenient access to key amenities.

🏡 Property Highlights

  • Prime city centre location in Adelaide's vibrant West End
  • Strong rental income of $1,234.17 per month via high-occupancy scheme
  • Fully furnished studio with modern amenities and city views
  • Access to extensive building facilities including gym, communal lounge, and outdoor BBQ
  • Ideal for investors, students, and owner-occupiers seeking low-maintenance living
  • Close to major universities, medical precinct, entertainment, and shopping precincts

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Air Conditioning
  • Open-Plan Living
  • Balcony
  • Security Screens / Gates
  • Fly Screens
  • Internal Laundry
  • Gym
  • Water tank

Located in Adelaide's dynamic West End, this neighbourhood offers unparalleled access to universities, medical precincts, cultural venues, and vibrant dining and shopping options. The area boasts excellent public transport links, making it ideal for students, professionals, and investors seeking a lively, convenient lifestyle. With its mix of modern apartments and lively atmosphere, West End is one of Adelaide's most sought-after precincts for city living.

What are the current rental income and management arrangements for this property?
The property is managed by UniLodge and generates a rental income of $1,234.17 per month after management and operating expenses, under a high-occupancy scheme.
Can I move into the apartment if I purchase it?
Yes, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester, specifically in February or July 2027.
What amenities are available within the building?
Residents have access to 24-hour security, lift access, a communal lounge and games area, a gymnasium, outdoor BBQ area, and a recently refurbished study room and library.
Is the apartment suitable for students or investors?
Absolutely, the apartment is ideal for both investors seeking strong rental returns and students or owner-occupiers looking for a low-maintenance city lifestyle.
What views does the apartment offer?
The apartment features east-facing views overlooking the city skyline from the 5th floor balcony.
Are there any upcoming strata or building maintenance fees not included in the current management costs? Are there any restrictions or easements affecting the property or building? Has the property been inspected for any structural or pest issues? Are there any planned developments or construction projects nearby that could impact the property? What are the long-term zoning and planning regulations for this area? Is the building compliant with current safety and fire regulations? Are there any known noise issues or disturbances in the neighbourhood? What are the total costs involved in purchasing, including stamp duty, legal fees, and strata levies? Is the property located in a flood or bushfire-prone area? Are there any restrictions on property modifications or renovations?

505/304 Waymouth Street, Adelaide SA 5000 - More Details

High-Yield Investment or Low-Maintenance City Living.

Ideally located in the heart of Adelaide's vibrant West End, these fully furnished studio apartments present an exceptional opportunity for investors and owner-occupiers alike.

Currently managed by UniLodge, generating a strong rental return via the high-occupancy pool scheme, delivering a generous return of $1,234.17 per month after Unilodge have deducted their management and operating expenses. For those looking to move in, owner-occupiers can take possession with just three months' written notice at the middle or end of the semester (February or July 2027).

Surrounded by Adelaide's best amenities, these apartments offer unbeatable convenience. The University of South Australia, Adelaide University, TAFE, and the Adelaide Health and Medical Sciences precinct are all within walking distance. The Riverbank Precinct, home to Adelaide Oval, the Convention Centre, Festival Theatre, and Adelaide Casino, is just a short stroll away, along with the dining and shopping hotspots of Gouger Street, Adelaide Central Market, and Rundle Mall. Public transport options, including buses, trams, and trains, are easily accessible.

Positioned on the 5th floor with east facing views o ver the city skyline, this studio apartment is designed for comfort and functionality, with open-plan living and dining space with high ceilings, a well-equipped kitchenette with a cooktop, microwave, and fridge, and a modern bathroom.

A built-in study desk and shelving provide a practical workspace, while a private east-facing balcony offers city views. Reverse cycle air conditioning ensures year-round comfort, and a wall-mounted TV adds to the convenience.

Residents enjoy access to building amenities, including 24-hour smart card security, lift access, a communal lounge and games area, a well-appointed kitchen, and a laundry room. The recently refurbished study room, library and games room, a gymnasium, and an outdoor BBQ area further enhance the lifestyle appeal.

This apartment is perfect for investors seeking strong rental returns, parents looking for safe and convenient student accommodation, or owner-occupiers wanting a low-maintenance city lifestyle.

For more information or to arrange an inspection, contact Toby Shipway on 0413 600 919.

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
Type
Studio
Bedrooms
1
Bathrooms
1
Area
0.0

Inspections times

  • 505/304 Waymouth Street, Adelaide SA 5000

    Wednesday 28 October
    12:30 pm - 1:15 pm
    Add to calandar Remind Me

Map & nearby places — 505/304 Waymouth Street, Adelaide SA 5000

Explore 505/304 Waymouth Street, Adelaide SA 5000 in 3D

See the photorealistic 3D view of this property and everything around it before you book an inspection.

  • Photorealistic 3D aerial & street-level flyover
  • Nearby schools, parks, shopping, transport, health & dining
  • Walking & driving routes with travel time from the front door
  • Satellite & hybrid map views, full-screen mode

Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

Email Enquiry To Ray White Adelaide City

  • Personal Information Collection Statement
    This form is only to be used for sending genuine email enquiries to the Agent. Real Search Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Explore More About Adelaide

Real Search makes searching for your new home easy with properties for sale in Adelaide and properties for rent in Adelaide. Are you looking for specific type of property? Real Search has units for sale in Adelaide and houses for sale in Adelaide. Real Search also provides 1 bedroom studio for sale in Adelaide, 2 bedroom studio for sale in Adelaide & 3 bedroom studio for sale in Adelaide. Find best real estate agents in Adelaide. You can also check real estate agencies in Adelaide. Research the property market of Adelaide with a property report and suburb profile report on Real Search.

  • Disclaimer
    Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.