Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

SA › Adelaide › Victoria Square

ULevel 11, 185 Victoria Square, Adelaide SA 5000

For saleApartment

For sale

For sale

5

Bedrooms

3

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 21 Aug 2026)

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

No recorded sale price for this property yet.

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 →

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. Listedprice unknownavailable21 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.

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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 Victoria Square →

Listing material

Listed by Refined Real Estate

Unrivalled Luxury. Iconic Location.

Some homes occupy a prestigious address. Others define it.

Commanding an unrivalled position high above Victoria Square, this extraordinary Level 11 penthouse is unlike anything else in Adelaide. The only private residence overlooking the city's most iconic civic square, it offers an exceptional combination of approx. 500sqm of luxurious living, absolute privacy, and a lifestyle that places the very best of Adelaide at your doorstep.

From the Adelaide Central Market and world-class dining to designer boutiques, theatres and cultural landmarks, every attraction of the CBD is just moments away, while inside, the pace of the city quietly fades into a residence designed for effortless luxury.

Read the full description

Your arrival is as exclusive as the home itself. Three secure lifts deliver you to a private foyer, where elegant glass double doors reveal interiors of remarkable scale and sophistication. Expansive living and dining spaces are wrapped in natural light and uninterrupted views across Victoria Square, while rich French oak flooring, double-gyprock construction and sound-sealed doors create an atmosphere of warmth, tranquillity and refinement rarely experienced in the heart of the city.

At the centre of the home, a magnificent chef's kitchen has been crafted for those who love to entertain. Premium Bosch appliances, including four ovens and two dishwashers, pair beautifully with luxurious marble benchtops and an oversized butler's pantry, delivering exceptional functionality without compromising elegance.

The accommodation is equally impressive. The palatial master suite offers a true retreat, complete with an expansive walk-in robe and a luxurious spa ensuite. Four additional bedrooms provide generous robe space, one of which is currently used as a dedicated executive office that offers the ideal environment for working from home. A beautifully appointed main bathroom, separate powder room, private laundry with balcony access, abundant storage, and split-system air conditioning throughout ensure every practical detail has been thoughtfully considered.

Further elevating this remarkable offering is a fully self-contained private suite positioned on the same level. Perfect for guests, multigenerational living, executive accommodation, or premium short-stay opportunities, this beautifully appointed space enjoys views across the square and features an open-plan living and sleeping zone, full kitchen, bathroom with bath, dressing room, study nook, fireplace, and built-in speakers. It is a rare level of flexibility that transforms an already exceptional residence into something truly extraordinary.

Completing the offering is a newly resurfaced secure car park, an invaluable inclusion within Adelaide's CBD.

Properties of this calibre are exceptionally rare. To own the only private residence in Victoria Square is to secure a home that simply cannot be replicated. Treasured and enjoyed by its current owner for more than 30 years, this is truly a once in a lifetime offering.

Standout Features:

• Approx. 500sqm of luxurious penthouse living

• The only private residence overlooking Victoria Square

• Level 11 position with uninterrupted city and square views

• Three secure lifts opening to an exclusive private foyer

• Expansive chef's kitchen with marble benchtops and oversized butler's pantry

• Premium Bosch appliances, including four ovens and two dishwashers

• Palatial master suite with expansive walk-in robe and spa ensuite

• Fully self-contained private guest suite with kitchen, bathroom, dressing room and study nook, offering excellent income-producing potential

• French oak flooring, double-gyprock construction and sound-sealed doors

• Secure CBD car parking with newly resurfaced car park

Council: City of Adelaide

Council Rates: $3,448 p/q approx.

Water Rates: $285.11 p/q approx.

ESL: $515.30 p/a approx.

Listing description written by Victor Velgush, Refined Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Alarm System
  • Built-in Robes
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.