5/21 Russell Street, Adelaide, SA 5000

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Townhouse
Type
2
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Wednesday, August 26, 2026 ( See property details for 5/21 Russell Street, Adelaide, SA 5000)

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Georgie Georgiou Property Consultant in Team Holden
Luke Holden Sales Director, Property Consultant & Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A stylish, industrial-inspired two-level townhouse in Adelaide's vibrant CBD, offering modern luxury, outdoor living, and secure parking within a boutique complex.

🏡 Property Highlights

  • Unique city townhouse with industrial heritage and modern renovation
  • Three private balconies with city and rooftop views
  • Secure double garage within a boutique gated complex
  • Open-plan living with polished concrete floors and extensive glazing
  • Proven short-stay income potential (subject to approvals)
  • Contemporary Japanese-inspired bathroom and centrepiece kitchen

✨ Key Features

  • Balcony
  • Outdoor Area
  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Security Screens / Gates
  • Alarm system
  • Fibre NBN
  • Garage / Secure Parking
  • Water tank

Nestled in Adelaide's vibrant CBD, this neighbourhood offers walkable access to Veale Gardens, Central Market, Chinatown, and Gouger Street. Residents enjoy proximity to cultural attractions, excellent dining options, and public transport including the free city tram. The area combines lively city amenities with peaceful, quiet nights behind secure gates, making it ideal for both lifestyle and investment. The walkable streets and nearby parklands foster a dynamic yet relaxed urban environment.

What are the main lifestyle benefits of living in this CBD townhouse?
This townhouse offers a vibrant city lifestyle with walkable access to parks, markets, dining, and cultural attractions, along with private outdoor spaces and modern amenities for comfort and convenience.
How does the open-plan design enhance living in this property?
The open-plan layout creates a spacious, flexible living area that maximises natural light, promotes social interaction, and provides a contemporary urban living experience.
What are the key features of the renovated bathroom and kitchen?
The bathroom features a Japanese-style bath, double shower, and floating vanity, while the kitchen is equipped with Smeg appliances, gas cooking, filtered water, and extensive storage, all modern and stylish.
Is the property suitable for short-term rentals or Airbnb?
Yes, the property has proven short-stay appeal and can be used as an income-producing city base, subject to relevant approvals and strata requirements.
What security features are included in the townhouse?
The property includes electric gates, street intercom, alarm system, tinted windows, and secure double garage, ensuring safety and privacy.
Are there any upcoming strata fee increases or special levies planned for the complex? What are the zoning restrictions and any potential development plans in the surrounding area? Are there any known issues with the building's structure or recent renovations? Is there any history of flooding or bushfire risk in this location? Are there any ongoing or upcoming construction projects nearby that could impact noise or privacy?

5/21 Russell Street, Adelaide, SA 5000 - More Details

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Offers Close Tue, 4th Aug - 1pm (USP)

Bookended by Veale Gardens and the Central Market, a slice of New York meets the best of Adelaide's green-belted CBD to create a multi-level home that tracks the sun from rise to fall from its terraces and takes its industrial cues from the shoe factory that once stood in its place.

Exposed concrete walls and polished floors, a light-grabbing atrium, high ceilings, feature graffiti art and prolific glazing define this lock-and-leave home that gives a little wink to the loft homes of Manhattan and captures Adelaide's historical context at every opportunity it gets.

The result is an expressive two-level residence that embraces its inspired 2021-refresh, three balconies, push-button comfort, Japanese-inspired bathroom, centrepiece kitchen, vast open-plan living and secure double garaging like few city apartments ever have, all architecturally wrapped up in an iconic building of just eight residences. It's something else.

Open the door To:

• A rare city home with the scale, separation and outdoor freedom of a townhouse, tucked inside a gated boutique group of just eight residences
• Proven short-stay appeal for buyers seeking an income-producing city base, subject to relevant approvals and strata requirements
• A 2021/22 transformation built on the property's industrial past
• Living, dining and kitchen zones linked by polished concrete floors, exposed concrete finishes and walls of glass
• An original graffiti artwork by a local street artist marking the entrance with one final nod to the city outside
• A stainless steel kitchen with Smeg appliances, gas cooking, filtered water, dishwasher, and extensive storage
• An internal atrium drawing light deep into the lower level and framing the adjoining heritage architecture
• Three private balconies capturing sunrise, sunset and rooftop views across the city
• A west-facing terrace with an electric heat bar and automated blinds for year-round use
• An east-facing terrace with two generous clotheslines and room for open-air entertaining
• An upper-level main bedroom with built-in storage, automated blind, ensuite and its own balcony
• A fully renovated main bathroom with a Japanese-style bath, double shower, heated towel rails, illuminated niche and floating vanity
• A second bedroom with built-in storage and plenty of scope for guests, work or long-term accommodation
• A downstairs powder room and cleverly concealed laundry behind folding barn-style doors
• Built-in Bose eight-speaker surround sound, feature lighting with dimmers and a living room television included
• Three-zone ducted reverse-cycle air conditioning, tinted windows and fibre NBN
• Under-stair cabinetry, linen storage, laundry cabinetry and built-in robes to both bedrooms
• Electric gates, street intercom, alarm system and a private entrance
• A secure side-by-side double garage, an almost mythical inclusion in this part of the CBD
• No lifts or shared leisure facilities to complicate the boutique strata set-up

Step out and Adelaide becomes one long walkable neighbourhood, with morning laps through Veale Gardens in one direction and coffee, produce, yum cha and late-night plates at the Central Market, Chinatown and Gouger Street in the other. The free city tram and loop bus remove any need to reach for the car, while the parklands, King William Street and the wider CBD grid put work, culture, dining and nightlife within easy reach before you retreat behind the gates to unexpectedly quiet city nights…and one very special home.

CT - 5896/331
Council - City of Adelaide
Zoning - CMS - City Main Street CiHS - City High Street
Year Built - 2003
Total Buil Area - 175m² approx.
Council Rates - $2,788.00 per year
SA Water Rates - $939.08 per year
Emergency Services Levy - $178.30 per year
Strata Admin Fund - $628.00 per quarter
Strata Sinking Fund - $98.00 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 Realestate.com.au (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
Type
Townhouse
Bedrooms
2
Bathrooms
1
Parkings
2
House Size
175 m²

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