1-3/81 Albert Street, Prospect, SA 5082 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
SOLD AT AUCTION!

1-3/81 Albert Street
Prospect SA 5082

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 696m2
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THREE UNITS ON ONE TITLE - A RARE OFFERING NOT TO BE MISSED!

Welcome to Units 1-3/81 Albert Street, a rare and fantastic opportunity in the highly sought after suburb of Prospect. This unit complex has been tightly held for well over 40 years and is an opportunity you will not want to miss.
Set on a single title with a total allotment size of 696sqm (Approx), the property comprises three two bedroom units, each offering a practical and consistent layout. Every unit features two generous bedrooms, a central bathroom, and a comfortable living space. Unit 1 features a split-system air-conditioner for year round comfort.
At the rear of the property, tenants have access to a shared laundry facility and storage room, while each unit benefits from a designated carport space at the front. Additional off-street parking is available along Albert Street.
• UNIT 1 - Vacant
• UNIT 2 - Tenanted @ $250 per week - Periodic Lease
• UNIT 3 - Tenanted @ $250 per week - Periodic Lease
Ideally positioned in the blue-chip suburb of Prospect, these units enjoy exceptional proximity to a wide range of local amenities and everyday conveniences. Public transport is effortlessly accessible, with multiple bus stops along Churchill Road, as well as nearby train access via the Islington and Dudley Park stations. Commuting to the Adelaide CBD is quick and convenient, with an easy drive of approximately 15-20 minutes. For shopping and lifestyle needs, both Bunnings Prospect and the Churchill Centre are just moments away, featuring major retailers such as Costco, Coles, and a variety of popular dining options. Offering outstanding accessibility and convenience in a highly sought-after location, this is a position that truly delivers on all fronts.
Whether you're expanding your portfolio or entering the investment market, this is a rare chance to secure multiple income streams under one title in a thriving area. These unit complexes are becoming increasingly sought after due to the greater rental yields on offer as well as less risk with the rents being spread across three different units.
Get in quick, this will not last!
Land // 696sqm (Approx)
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Property Details for 1-3/81 Albert St, Prospect

1-3/81 Albert St, Prospect is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 696m2. The place is currently for sale with First National Real Estate Salisbury.

Building Type
BlockOfUnits
Land Size
696m2
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About Prospect 5082

The size of Prospect is approximately 5.0 square kilometres. There are 18 parks, covering nearly 3.1% of the total area. The population of Prospect in 2016 was 13280 people. By 2021 the population was 14584 showing a population growth of 9.8% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation.In 2021, 62.80% of the homes in Prospect were owner-occupied compared with 65.10% in 2016.

Prospect has 7,159 properties. Over the last 5 years, Houses in Prospect have seen a 80.54% increase in median value, while Units have seen a 90.69% increase. As at 30 June 2026:

  • The median value for Houses in Prospect is $1,560,307 while the median value for Units is $698,747.
  • Houses have a median rent of $660 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 340 properties were sold in the past 12 months in Prospect.

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Adam Janda
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First National Real Estate Salisbury
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