North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
SA › North Adelaide › O Connell St
12
Bedrooms
12
Bathrooms
3
Car spaces
Districts View
Nothing about this record stands out yet — coverage may still be filling in.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
No recorded sale price for this property yet.
North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
Planning and Design Code
Zone
City Living
CL
Jurisdiction
Adelaide
Adelaide, SA
25038625
Variation to DA 21039334 | infill and fireproofing of windows and doors adjacent the western boundary
Decision Made · Lodged 12 Dec 2025
Council site report21039334
Change of use to tourist accommodation and associated internal fit out
Decision Made · Lodged 8 Dec 2021
Council site report21014694
Extension to existing canopy and replacement of fixed glazing with bi-fold doors
Under Assessment · Lodged 22 June 2021
Council site reportSource
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAZoned City Living · CL (Planning and Design Code). Official parcel area about 633 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 3 development applications on this parcel. Code Assessed - Performance Assessed (Decision Made); Code Assessed - Performance Assessed (Decision Made); Code Assessed - Performance Assessed (Under Assessment) Latest lodgement recorded 2025-12-12. These are this lot’s applications, not the neighbourhood pipeline. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $585/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned City Living · CL (Planning and Design Code). Official parcel area about 633 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 633 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
Knownmedium3 development applications on this parcel. Code Assessed - Performance Assessed (Decision Made); Code Assessed - Performance Assessed (Decision Made); Code Assessed - Performance Assessed (Under Assessment) Latest lodgement recorded 2025-12-12. These are this lot’s applications, not the neighbourhood pipeline.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stadium Real EstateSOLD PRIOR TO AUCTION
We are excited to bring to the Stadium this rare investment opportunity, perfectly positioned in the heart of prestigious North Adelaide. Offering an unbeatable combination of character, space, and convenience. Just a short stroll to the vibrant O'Connell Street traders, where you'll enjoy some of Adelaide's finest eateries, boutique shopping, and an enviable cosmopolitan atmosphere right at your doorstep.
The property is perfectly located and set up as a rare investment opportunity holding 12 renovated units across 2 floors.This property previously was a commercial site with the ability (subject to council consent) to be reverted back, opening it to a variety of mix uses. 201 O'Connell sits on approximately 613 sqm with an 18.28m frontage.
PROPERTY HIGHLIGHTS
- Situated in the heart of North Adelaide
- 12 residential studios
- Sitting on approx. 613 sqm of land with an 18.28m approx. frontage
- Off street parking
- Solar PV system
- Highly sought after affordable fully furnished studios with utilities included
- Strategic Location: Situated in the bustling North Adelaide, providing excellent visibility and accessibility
- Potential Large Commercial Space (Subject to Council Consent): Ample square meterage, ideal for a variety of professional office uses or as a business hub
- Achieve immediate cash flow with existing tenants secured by lease agreements
- Excellent Return on Investment: Benefit from a strong rental income stream in a high-demand area
- Vibrant Business District: Surrounded by various amenities, including cafes, restaurants, shops, North Adelaide Aquatic Centre and public transport options
This is a rare opportunity to acquire a valuable property in a thriving location. For further details regarding lease agreements with current tenants and if you would like to arrange a private viewing, please contact us to coordinate a suitable time.
Don't miss out on this exceptional opportunity
Contact Rachel Lawrie 0428 882 864
RLA 281212
Listing description written by Rachel Lawrie, Stadium Real Estate — reproduced as published, not verified by Districts.