505/304 Waymouth Street, Adelaide, Sa, 5000
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$220,000 - $230,000
505/304 Waymouth Street, Adelaide, Sa 5000
1
1
0m²
22m²
•
apartment - unit: standard
Property Description
Listed on 21 Oct 2026
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.
Property history
A breakdown of how regularly this property entered and exited the market for sale or lease.
$110,000
$125000
Price undisclosed
$175,000
Median unit price trends
Comparing the price trend of units in Adelaide against the state of South Australia over the last 4 years. Source: Cotality
Comparable properties
See what similar properties in the area are selling and listed for.
Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
38 Days
House median days on market
32 Days
Unit median days on market
759 Properties
Sold in last 12 months
156 Properties
Available in the last month
Adelaide residents
Key characteristics of the residents in the area, view the full breakdown of the suburb here.
19-30
Is the most common age range
Renters
Most common occupant type
Other
Most common household profile
Professionals
Most common occupation
Apartments
Most common property type
Nearby education
Schooling and educational options in the area, for all ages.
Christian Brothers College - Junior Campus
K - Yr 12
Christian Brothers College - Senior Campus
K - Yr 12
Gilles Street Primary School
K - Yr 6
Government
Pulteney Grammar School
K - Yr 12
Independent
St Aloysius College
K - Yr 12
Catholic
St Mary's College
K - Yr 12
Catholic
Sturt Street Community School
K - Yr 6
Government
Get a wider view
Widen your research to learn about the suburb, council or state that this property belongs to.
Adelaide
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Adelaide
View the council data
South Australia
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Frequently asked questions
505/304 Waymouth Street is a Apartment built in 2009 in Adelaide, South Australia. Review photos and floor plans for more detail on the construction and condition of the property.
The property at 505/304 Waymouth Street includes 1 bedroom, 1 bathroom and no assigned parking spaces.
The internal floor area of the Apartment at 505/304 Waymouth Street, Adelaide is approximately 22 square metres, which gives a guide to the amount of usable living space inside the property.
505/304 Waymouth Street in Adelaide, South Australia, is close to local schools such as Christian Brothers College - Junior Campus, Christian Brothers College - Senior Campus, Gilles Street Primary School, Pulteney Grammar School, St Aloysius College, St Mary's College, Sturt Street Community School, Adelaide Botanic High School, Adelaide High School, Adelaide International School, Christian Brothers College - Junior Campus, Christian Brothers College - Senior Campus, Muirden Senior College, Pulteney Grammar School, Specialised Assistance School For Youth (SASY), St Aloysius College, St Mary's College, University Senior College at Adelaide University - Gawler Place Campus and University Senior College at Adelaide University - Jordan Campus
As of 4/1/2015, the property at 505/304 Waymouth Street is recorded as sold.

