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.
SA › Adelaide › Hindmarsh Square
$395,000
For sale
Asking
2
Bedrooms
1
Bathrooms
0
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
Asking
$395,000
Asking
No recorded sale for this property.
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.
Vs Adelaide
-65.7%
Median sale
Suburb $1,150,000
+3.88 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.
$23,808 on top of the price (6.0% extra)
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.
Pre-filled with Adelaide's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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
SAPlanning 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.
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
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 5.9%. 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
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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
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.
Listing material
Listed by Harris Real Estate Kent TownSecure a premium income-producing asset in one of Adelaide's most sought-after CBD locations. Positioned within the renowned Mantra Hindmarsh Square, this fully furnished two-bedroom apartment presents an outstanding opportunity for investors seeking strong passive returns, minimal management involvement, and long-term capital growth.
Located in Adelaide's vibrant East End, this blue-chip address places guests and visitors within walking distance of the city's most popular attractions, including Rundle Mall, Rundle Street's dining and entertainment precinct, Adelaide Oval, the Botanic Gardens, Adelaide Zoo, the South Australian Museum, Art Gallery of South Australia, and the picturesque River Torrens. The exceptional location continues to drive strong accommodation demand year-round.
Currently operating within the established Hindmarsh Square Managed Investment Scheme, the apartment functions as high-performing hotel accommodation, benefiting from consistent occupancy and professional management. Investors will enjoy an attractive annual return of approximately $19,730 net after all expenses are paid.
Designed as the ultimate "set-and-forget" investment, owners can enjoy all the benefits of property ownership without the day-to-day responsibilities of tenant management, maintenance coordination, or vacancy concerns. As an added bonus, owners receive 14 complimentary nights of accommodation each year, providing flexibility for personal holidays, business travel, or city getaways.
The Mantra Hindmarsh Square investment model has delivered reliable performance for over two decades, supported by premium on-site facilities including 24-hour reception, DJ's Diner & Bar, room service, secure access, and a fully equipped gymnasium-enhancing guest experience and supporting strong occupancy levels.
The apartment itself offers spacious, light-filled interiors featuring open-plan living and dining, a well-appointed kitchenette, and an expansive private balcony overlooking the leafy surrounds of Hindmarsh Square. Two generous bedrooms with built-in robes, a centrally positioned bathroom, ducted reverse-cycle air conditioning, secure building access, and lift service complete this low-maintenance investment package.
With a proven income stream, attractive net returns, and a tightly held CBD location, this is a rare opportunity to acquire a high-performing property in Adelaide's thriving East End. Opportunities offering this combination of yield, convenience, and long-term investment appeal are increasingly hard to find.
Invest with confidence and secure your place in one of Adelaide's strongest performing city precincts.
Specifications:
CT / 5888/806
Council / Adelaide
Zoning / CC
Mantra Income for 2024/2025 is $27,624.53
Council Rates / $2,755.45pa
Community Rates / $1,364.00pq
Community Manager / Whittles
Emergency Services Levy / $420.75pa
SA Water / $191.85pq
Estimated rental assessment / Written rental assessment can be provided upon request
Nearby Schools / Gilles Street P.S, Sturt Street Community School, Rose Park P.S, North Adelaide P.S, Norwood P.S, Adelaide Botanic H.S, Adelaide H.S, Marryatville H.S, Warriappendi Secondary School, Glenunga International 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 Paul Alvino, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.
Nearby 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried for this parcel.
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.