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.
$690,000
For sale
Asking
3
Bedrooms
1
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
$690,000
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
-40.0%
Median sale
Suburb $1,150,000
+1.35 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.
$42,553 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.
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 3.4%. 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 RealtyPerfectly positioned in the heart of Adelaide's thriving CBD, 39/107 Grote Street, Adelaide offers an outstanding opportunity to secure a low-maintenance city residence or a high-performing investment in one of Adelaide's most walkable and connected locations.
Enjoy an enviable lifestyle where everything is literally at your doorstep. Start your mornings with fresh produce and artisan coffee at the iconic Adelaide Central Market, indulge in authentic international cuisine in nearby Chinatown, or explore the endless selection of cafés, restaurants, bars and entertainment venues along Gouger Street and throughout the CBD.
Commuting couldn't be easier, with Adelaide's free City Tram just moments away, providing effortless access to Rundle Mall, Adelaide Railway Station, the Riverbank Precinct and the Entertainment Centre. Major universities, medical facilities and employment hubs are also within easy reach, ensuring strong and consistent rental demand year-round.
Currently leased to excellent tenants, this property offers immediate rental income, making it an ideal set-and-forget investment in a highly sought-after city location.
Spanning three functional levels, the home has been thoughtfully designed to maximise space, privacy and convenience.
The ground floor features a secure lock-up garage with internal access, a bedroom with a BIR and direct access to a private rear courtyard. On the first floor, two well-proportioned bedrooms are serviced by a central bathroom and separate WC, while the upper level is dedicated to open-plan living. Bathed in natural light, the spacious living and dining area seamlessly connects with the well-appointed kitchen, creating the perfect setting for everyday living and entertaining.
Whether you're an investor seeking strong rental returns, a professional looking for a lock-up-and-leave lifestyle, or a future owner-occupier wanting to enjoy the very best of city living, this property represents an exceptional opportunity in a tightly held location.
Why You'll Love It
Prime CBD location in Adelaide's vibrant west-end precinct
Currently tenanted, delivering immediate rental income
Spacious three-level townhouse design
Three generous bedrooms, all with built-in robes
Ducted reverse-cycle air conditioning throughout
Light-filled open-plan living and dining area
Well-equipped kitchen with breakfast bar
Secure lock-up garage with internal access
Outstanding investment potential with strong tenant demand
The Ultimate City Lifestyle
Walk to Adelaide Central Market and Chinatown
Moments from Gouger Street dining precinct and entertainment venues
Free City Tram nearby for convenient travel across the CBD
Close to the University of Adelaide, UniSA and Adelaide University City Campus
Minutes from Adelaide Oval, Festival Centre and Riverbank entertainment precinct
Specifications
Council / City of Adelaide
Zoning / Capital City
Built / 2004
Council Rates / $549.3 p/q (approx.)
Strata Rates + Sinking Fund / $320 + $70 p/q (approx.)
Secure a premium city lifestyle or an outstanding investment opportunity in one of Adelaide's most vibrant and tightly held precincts, where convenience, lifestyle and strong rental appeal come together seamlessly.
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.