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SA › Adelaide › North Tce

U1403, 104 North Tce, Adelaide SA 5000

For saleApartment

$475,000–$495,000

For sale

Asking range

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $475,000–$495,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $475,000–$495,000(Listing record · 3 Aug 2026)
  • CalculationAsk is 59% 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 4.92% — 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

$475,000–$495,000

Asking range

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.

See the full Adelaide report →

Vs Adelaide

-58.7%

Median sale

Suburb $1,150,000

+2.89 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

Based on the low end of the asking range, not a contract price.

Purchase Price
$475,000
Stamp Duty (South Australia)
$20,080
Transfer/Registration Fee
$4,868
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
$503,648

$28,648 on top of the price (6.0% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
3.42%
Annual cashflow (pre-tax)
$-8,477
Interest cover (DSCR)
0.66
Annual rent
$23,348
Operating expenses
$7,125
Loan amount
$380,000
Annual interest
$24,700
Gross yield
4.92%

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$475,000–$495,000available3 Aug 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 4.9%. 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 North Tce →

Listing material

Listed by Ray White Adelaide City

Premium north-facing apartment with direct views over Adelaide Oval, the Riverbank Precinct & beyond!

Perfectly located in one of Adelaide's most sought-after CBD locations, this 14th floor north facing residence captures some of the city's most spectacular uninterrupted views over Adelaide Oval, the River Torrens, the Medical Precinct and the daily sunsets over the ocean. It's an outlook that will never lose its appeal!

Currently vacant, you can move straight in and enjoy an exciting, low maintenance city lifestyle. Investors can also tap into a range of opportunities - guaranteed returns through Oaks Hotels & Resorts, traditional long term leasing, or short stay management through platforms like Airbnb and Booking.com. Contact Toby Shipway for further investment information.

Freshly painted with new carpet throughout, the apartment boasts generous accommodation with open plan living and dining complimented with an abundance of natural light. Floor to ceiling glass sliding doors open to the private balcony, a perfect space for relaxing or entertaining with family and friends while taking in the spectacular lights of Adelaide Oval.

Read the full description

The kitchen is well appointed and fully serviceable with cooktop, oven and dishwasher. The bedroom is excellent size with built in robes and frosted glass inviting in the natural light while staying private. Make your way through to the sparkling two-way ensuite complete with floor to ceiling tiles, modern finishes and shower/spa bath.

Residents enjoy excellent security with swipe card access, 24-hour reception, resort-style facilities including an indoor heated lap pool, spa, sauna and gym. The building has also had undergone recent upgrades with fully refurbished foyers 3 new lifts.

Location highlights:

Adelaide Medical Precinct (less than 500m away)

• Royal Adelaide Hospital

• SAHMRI (South Australian Health & Medical Research Institute)

• University medical schools (Adelaide University & UniSA)

• One of Australia's fastest advancing health and research hubs

Dining & Entertainment

• First class restaurants and bars within easy walking distance

• Central Market for gourmet produce

• Gouger Street for dining, cafés and nightlife

Education & Transport

• Close to Adelaide University, UniSA and TAFE SA

• Tram stop only moments away

• Adelaide Train Station within a minute's walk

• Major bus routes easily accessible

• Quick access to key CBD destinations and the Riverbank Precinct

This is a standout opportunity for investors, executive couples, medical professionals, retirees and those seeking a secure, low-maintenance city base. Properties of this calibre and position are rarely offered - act quickly to secure this premium lifestyle apartment.

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. RLA307896.

Listing description written by Toby Shipway, Ray White Adelaide City — 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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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.