Real Estate

Quirky city pads provide edge to booming Adelaide real estate market

Written by The ReReport
As seen in the Source link, written by on 2019-07-02 05:43:50

Homebuyers looking to relocate to the CBD should be looking outside the box if they want to find a bargain.

Although buyers are often attracted to sleek, modern apartments — there are plenty of perks to buying a converted warehouse, a converted office or even a home and business rolled into one.

Harris Real Estate selling agent Guy Measday said homebuyers often fall in love with quirky properties, but allow themselves to be talked out of taking the plunge.

“I think a lot of buyers are conditioned to buy what they’re used to,” he said.

“A lot of people fall in love with something that’s a bit unique, but get talked out of it by friends or family.”

Selling a quirky, converted warehouse on the western side of the CBD, at 28 Spencer St, Mr Measday said these kinds of properties have “endless potential”.

“People have a lot of imagination and ideas for that property, I’ve had people look at it for an Airbnb or cafe,” he said.

“That part of the city is becoming a lot more vibrant and happening.

“At the end of the day, the price is not that high compared to other apartments and you’re getting a Torrens Titled home with endless potential.”

Real Estate Institute of South Australia president Brett Roenfeldt said quirky properties weren’t for everyone, but they provide an edge that certain buyers are looking for.

“Some will look at a quirky townhouse and say ‘I couldn’t live here’ and then there are other buyers that enjoy the fact it’s unique,” he said.

“They’re going to have something not everyone has got and for them it becomes a statement piece of their individuality.

“If you can get the right buyer, they may well pay a premium because there’s not another around the corner.”

With that in mind, take a look at the following properties that might tickle your fancy …


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Wonderful warehouse

28 Spencer St, Adelaide


It might look like a typical garage, but this converted warehouse is the ideal project for those that like a quirky lifestyle.

The studio apartment can be found down a private laneway, moments from a range of trendy cafes and restaurants.

The lower level features a built-in garage, allowing you to walk straight into your kitchen and dining area — the ultimate convenience.

It also features a space efficient kitchen, a living area with a heater and airconditioner, and a bathroom with a built-in laundry.

Head upstairs to the spacious mezzanine, designed to allow for a bedroom and living area. It also includes a walk-in robe and access to a beautiful timber deck, overlooking the CBD.

The selling agent suggests it could easily become Airbnb accommodation or a cafe, or simply a renovation project for those that want something a little outside the box.

The property is on the market with Harris Real Estate.

Home office

4/155 Waymouth St, Adelaide

$625,000 to $665,000

It’s not often you can find a four-bedroom apartment in the heart of the CBD, especially one that’s as stylish as this New York inspired warehouse.

Set opposite Light Square, the former office space has been converted into a light-filled apartment — featuring walls of moving glass and polished concrete floors.

The apartment features a spacious master suite, completely encased with glass sliding doors — don’t stress, there’s also sliding blinds for privacy. It also has a walk-in robe and an ensuite.

The kitchen is tucked away, while the rest of the home flows down from a meals and dining area, to a living and sitting space.

The property is on the market with Bruse Real Estate.

Unlimited potential

201 Gilbert St, Adelaide


The options are endless with this terrace house, ideal for investors or homeowners looking to establish their own business.

The self-sufficient lower level includes a shop front, shown as a living and dining area, a kitchen, a bathroom and a bedroom. If that’s not enough, it also has a combustion fireplace to keep the level toasty in the cold season.

Head upstairs to find an open-plan kitchen, living and dining area, nestled around a spiral staircase and connecting to a quaint upstairs balcony.

You will also find a space efficient study nook and a luxurious bathroom on this level, with an abundance of built-in storage.

Take the spiral staircase to find the incredible loft bedroom, with a skylight to flood the space with natural light.

The selling agent suggests the property could easily be split into a downstairs work space and upstairs residence, or completely restored back to it’s former grandeur as a Victorian terrace.

The property is on the market with City Realty and will go to auction on Saturday, July 20 at 11am.