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SA › Adelaide › Carrington St

2/388a Carrington St, Adelaide SA 5000

For saleTownhouse

$795,000

For sale

Asking

3

Bedrooms

1

Bathrooms

1

Car spaces

91 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $795,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $795,000(Listing record · 15 July 2026)
  • FactLand 91 m²; no building size recorded.(Property record)
  • CalculationRecorded Townhouse sales in Adelaide (last 5 years) with land size: median $8,402/m² of land (n=3). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 31% below the Adelaide median recorded sale ($1,150,000, n=17, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Adelaide's advertised median rent ($449/wk), implied gross yield would be 2.94% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$795,000

Asking · $8,736/m² of land

No recorded sale for this property.

Local land rate: recorded Townhouse sales in Adelaide (last 5 years) with land size have a median of $8,402/m² of land (n=3). Districts calculation from recorded sales — not a valuation.

Adelaide at a glance

22,705

People

$1,150,000

Median sale

$449/wk

Median rent

2.03%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Adelaide report →

Vs Adelaide

-30.9%

Median sale

Suburb $1,150,000

+0.91 pp

Gross yield

Suburb 2.03%

Suburb median $1,150,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$795,000
Stamp Duty (South Australia)
$37,555
Transfer/Registration Fee
$8,228
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$844,483

$49,483 on top of the price (6.2% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Adelaide's advertised median rent — not a rent for this listing.

Net yield
1.44%
Annual cashflow (pre-tax)
$-29,917
Interest cover (DSCR)
0.28
Annual rent
$23,348
Operating expenses
$11,925
Loan amount
$636,000
Annual interest
$41,340
Gross yield
2.94%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$795,000available15 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $449/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Adelaide in one glance

Adelaide at a glance

22,705

People

$1,150,000

Median sale

$449/wk

Median rent

2.03%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Adelaide report →

Keep researching

  • Why Adelaide? Read the area thesis →
  • What else is on the market in Adelaide →
  • Other records on Carrington St →

Listing material

Listed by Harris Real Estate Kent Town

Think bigger; a CBD Torrens Title sanctuary where Hutt Street and the parklands do their best work…

Perfectly placed between the tranquil green expanse of Adelaide's parklands and the café culture of Hutt Street, this deceptively spacious dual-level home delivers the best of city living, both inside and out.

Behind its brick façade, generous proportions and an intuitive floorplan create an immediate sense of openness. A substantial front lounge unfolds to a dedicated dining zone, creating one fluid space that knows exactly how to entertain, unwind, and bring everyone together.

At the heart of it all, a practical kitchen keeps every occasion moving with ease, stainless steel appliances and breakfast bar ensuring hosting is handled without missing a moment of the conversation.

Read the full description

Slide outside and the lifestyle continues. Framed by a gabled entertaining deck, the private rear courtyard strikes the perfect balance between low-maintenance simplicity and all-season enjoyment.

Upstairs is reserved entirely for rest and retreat. An expansive main bedroom claims its own walk-in robe, while two further bedrooms scale for kids, guests, and work-from-home days. A spacious family bathroom with bathtub, corner shower, wide vanity, and separate WC keeps busy mornings running effortlessly.

A secure carport, separate laundry, guest powder room, under-stair storage, built-in robes, and air conditioning ensure the practicalities keep pace.

Then there's the address.

With Victoria Park at one end of the street and Hutt Street's cafés and restaurants at the other, you'll spend less time commuting and more time enjoying everything that makes Adelaide's East End one of the city's most coveted pockets. Fringe Festival season unfolds almost on your doorstep, while zoning for Gilles Street Primary School, Adelaide High School, and Adelaide Botanic High School ensures the location performs just as well for families as it does for professionals.

Big on proportions, even bigger on lifestyle - this is CBD living exactly as it should be.

More to love:

• C1990 townhouse on 91sqm

• Secure single carport

• Ducted cooling to upper floor

• Split system R/C A/C to lounge and main bedroom

• Separate laundry and guest powder room to lower floor

• Exposed brick feature walls

• Tiled floors, with loop pile carpets to upper floor

• Updated family bathroom with wide vanity, bathtub, and corner shower

Specifications:

CT / 5212/206

Council / Adelaide

Zoning / CLMHI

Built / 1990

Land / 91m2 (approx)

Frontage / 5.99m

Council Rates / $2,533.40pa

Emergency Services Levy / $144.60pa

SA Water / $196.22pq

Estimated rental assessment / $650 - $700 per week / Written rental assessment can be provided upon request

Nearby Schools / Gilles Street P.S, Rose Park P.S, Parkside P.S, Sturt Street Community School, Norwood P.S, Adelaide Botanic H.S, Adelaide H.S, Marryatville H.S, Glenunga International H.S, Urrbrae Agricultural H.S

Disclaimer: 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 enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Listing description written by Richard Hayward, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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