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 › Morphett St
$435,000–$475,000
For sale
Asking range
1
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
$435,000–$475,000
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
-62.2%
Median sale
Suburb $1,150,000
+3.34 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.
$26,228 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.
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. 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 5.4%. 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 Kaide Real EstatePerfectly positioned within the sought-after The Gallery apartment complex in the heart of Adelaide CBD, this well-designed one-bedroom apartment offers an outstanding opportunity for first home buyers, owner-occupiers and investors alike. Combining contemporary finishes with a practical layout, the apartment delivers low-maintenance city living while offering the flexibility to live in, lease long-term or operate as approved holiday accommodation.
Designed to maximise both comfort and functionality, the apartment features a spacious open-plan living and dining area that flows seamlessly to an enclosed balcony with bi-fold windows, creating a versatile extension of the living space that can also serve as a home office or additional dining area. The generous bedroom includes a built-in robe and dedicated study nook, while the modern kitchen is equipped with quality stainless steel appliances, ample storage and generous bench space. Reverse-cycle air conditioning, a European laundry and abundant built-in storage further enhance everyday convenience.
Residents also enjoy access to premium resort-style facilities including a heated indoor lap pool, spa, sauna and steam room, all within a secure, pet-friendly building with keyless entry and lift access. Located just moments from Adelaide Central Market, Rundle Mall, universities, the Royal Adelaide Hospital and vibrant cafés and restaurants, this is an exceptional opportunity to secure a quality city residence with excellent lifestyle and investment appeal.
Features:
- Spacious one-bedroom apartment with functional floorplan
- Open-plan living and dining area
- Enclosed balcony with bi-fold windows, ideal as a study or additional living space
- Generous bedroom with built-in robe and study nook
- Modern kitchen with quality stainless steel appliances, dishwasher and gas cooktop
- Contemporary bathroom
- European laundry
- Reverse-cycle air conditioning
- Abundant built-in storage
- Secure keyless building entry with lift access
- Heated indoor lap pool, spa, sauna and steam room
- Pet-friendly building
Locality:
- 5 mins walk to TAFE SA Adelaide Campus
- 8 mins walk to Adelaide Central Market and Chinatown
- 15 mins walk to Flinders University City Campus
- 5 mins drive to Rundle Mall
- 5 mins drive to Adelaide Oval
- 8 mins drive to Adelaide Botanic Garden
- 8 mins drive to Royal Adelaide Hospital
- Easy access to trams, buses, cafés, restaurants and everyday CBD amenities
School Zone:
- Adelaide High School
- Adelaide Botanic High School
Specifications:
- CT6036/26
- Council: City of Adelaide
- Zoning: Capital City
- Built Year: 2006
- Council Rates: $1,503.05 p.a.
- Water Supply: $88 p.q.
- Water Sewerage: $103.85 p.q.
- Strata Fee: $1304 p.q. (approx)
For more details or to view recent sales reports, contact Dylan at 0451 757 898 or Carey at 0420 656 898. Available for on-site meetings over the weekend.
Disclaimer - All information provided has been obtained from sources we believe to be accurate; however, we cannot guarantee the information is accurate and accept no liability for any errors or omissions. Interested parties should make their own enquiries and seek independent legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at Kaide Real Estate, Office 7, 9-15 Field Street, for three consecutive business days immediately prior to the auction and at the auction for 30 minutes before it commences.
RLA 285210
Listing description written by Dylan Liu, Kaide Real Estate — reproduced as published, not verified by Districts.