165 Devonport Terrace, Prospect, SA 5082 | House for sale | OnTheHouse
 
FOR SALE
Auction | Price Guide $1,200,000

165 Devonport Terrace
Prospect SA 5082

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 725m2
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Auction Time
Sat 18 Jul 11:00 am
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Urban Corridor Zoning - Unlock the Potential (STCC)

Auction Saturday 18 July, 11am, On-Site - Unless Sold Prior
Situated in one of Prospects rapidly evolving precincts, this exceptional offering occupies an approximately 725m2 allotment and presents an outstanding opportunity to capitalize on its highly sought-after Urban Corridor (Boulevard) zoning.
With a generous frontage of 15.54m x 46.63m depth and Torrens Titled, the property offers exciting scope for redevelopment (Subject to Planning Consent). The Urban Corridor (Boulevard) Zone is designed to support higher-density living and encourages a range of residential and mixed-use outcomes, including townhouses, apartments and multi-dwelling developments, making this an exceptional landholding with significant future potential.
Whether you are an experienced developer, astute investor or buyer looking to secure a strategic city-fringe site, the possibilities here are substantial.
The existing home is neat, well maintained and currently leased until November 2026, providing a secure rental income while future plans are considered. Inside, the residence offers two generously proportioned bedrooms, a functional kitchen, separate dining room, spacious living area and an updated bathroom, making it an ideal holding property.
Outside, the home continues to impress with an undercover entertaining area, secure undercover parking and an expansive rear yard, offering ample space and flexibility.
Perfectly positioned just moments from the vibrant Prospect Road cafes and restaurant precinct, the home also enjoys easy access to Northpark Shopping Centre, Sefton Plaza and Churchill Centre for everyday convenience. Families will appreciate the proximity to quality public and private schools, while excellent public transport options and major arterial roads, including Main North Road and Regency Road, provide effortless connectivity to North Adelaide, the Adelaide CBD and beyond. With parks, reserves and a host of local amenities all within easy reach, the lifestyle on offer is every bit as appealing as the development potential.
Large Urban Corridor (Boulevard) allotments in Prospect are becoming increasingly difficult to secure. Combining immediate rental income with exceptional redevelopment potential in one of Adelaides most tightly held city-fringe suburbs, this is an opportunity not to be missed.
Certificate of Title and Form Ones available upon request
Home Built: 1958
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Property Details for 165 Devonport Tce, Prospect

165 Devonport Tce, Prospect is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 725m2. The place is currently for sale with LJ Hooker Prospect.

Building Type
House
Land Size
725m2
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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 90.55% increase in median value, while Units have seen a 93.72% increase. As at 31 May 2026:

  • The median value for Houses in Prospect is $1,612,976 while the median value for Units is $689,921.
  • Houses have a median rent of $660 while Units have a median rent of $560.
There are currently 15 properties listed for sale, and 15 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 356 properties were sold in the past 12 months in Prospect.

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Harvey Bloomfield
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LJ Hooker Prospect
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