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.
$740,000–$780,000
For sale
Asking range
2
Bedrooms
2
Bathrooms
1
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
$740,000–$780,000
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.
Vs Adelaide
-35.7%
Median sale
Suburb $1,150,000
+1.13 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.
Based on the low end of the asking range, not a contract price.
$45,828 on top of the price (6.2% 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.
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.
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.
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 3.2%. 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
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?
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.
Area
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 Novus Realty1406/17 Penny Place, Adelaide
Perched high on the 14th floor of the prestigious Penny Place Apartments, this beautifully appointed residence offers an exceptional opportunity to enjoy sophisticated city living in one of Adelaide's most sought-after residential developments. Designed by internationally acclaimed architects Woods Bagot, Penny Place has become synonymous with contemporary design, quality construction and an unbeatable CBD lifestyle.
Bathed in natural light through its desirable western aspect, the apartment enjoys an ever-changing outlook across Adelaide's skyline. From golden afternoon sunshine to spectacular sunsets, every evening brings a different perspective, while distant glimpses of the coastline provide an extra touch of charm to an already impressive view.
Thoughtfully designed for modern living, the spacious open-plan living and dining area flows seamlessly onto a generous private balcony, creating the perfect setting to entertain friends or simply relax above the vibrant city below. The stylish kitchen is beautifully finished with Caesarstone benchtops, quality appliances and ample storage, combining timeless elegance with everyday functionality.
Offering two generous bedrooms, two contemporary bathrooms and the convenience of a secure undercover car park, the intelligent floorplan provides excellent separation between the bedrooms, making it equally suitable for professionals, downsizers, owner-occupiers or investors seeking a premium low-maintenance lifestyle.
Located within a peaceful city laneway, yet only moments from Adelaide's best attractions, everything you need is within easy walking distance. Enjoy morning coffee at nearby cafés, shop for fresh produce at the Adelaide Central Market, experience the vibrant dining scene of Chinatown, catch the Free City Tram, or stroll to Victoria Square, Rundle Mall and Adelaide's leading universities.
Whether you're searching for a stylish city residence or a quality investment in one of Adelaide's landmark apartment developments, this exceptional home delivers the perfect balance of lifestyle, location and long-term value.
Features You'll Love
• Positioned on the 14th floor of the award-winning Penny Place Apartments
• Designed by internationally renowned architects Woods Bagot
• Two spacious bedrooms, two stylish bathrooms and secure undercover car parking
• Desirable west-facing aspect with abundant natural light and beautiful sunsets
• Expansive western outlooks with distant glimpses of Adelaide's coastline
• Light-filled open-plan living and dining area
• Generous private balcony ideal for relaxing or entertaining
• Designer kitchen with Caesarstone benchtops and quality appliances
• Fisher & Paykel dishwasher and gas cooktop
• Master bedroom complete with built-in robe and private ensuite
• Built-in robes to both bedrooms
• European-style laundry
• Ducted Reverse-cycle system air conditioning
• Secure FOB access, intercom entry and lift access
• Professionally managed, secure residential building
• Walking distance to Adelaide Central Market, Chinatown, Victoria Square, Rundle Mall and the Free City Tram
• Zoned for Adelaide High School and Adelaide Botanic High School
Experience the very best of Adelaide city living-where contemporary design, everyday convenience and unforgettable sunsets come together in one outstanding address.
Specifications:
Council / City of Adelaide
Zoning / Capital City
Built / 2021
Council Rates / $651.65 p/q
Strata + Sinking Fund / $843.84 + $182.24 p/q
Nearby Schools / Pulteney Grammar Primary School, St Aloysius College, Gilles Street P.S, Adelaide Botanic H.S, Adelaide H.S
Inspection is the MUST! Please call Oscar 0433 644 039, Oliver 0430 826 461
RLA 339748
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.
Listing description written by Oscar Sheng, Novus Realty — reproduced as published, not verified by Districts.