236 Prospect Road, Prospect, SA 5082 | House for sale | OnTheHouse
FOR SALE
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236 Prospect Road
Prospect SA 5082

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 636m2
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A rare opportunity in the sought-after suburb of Prospect, with Urban Corridor zoning with potential for townhouses or apartments subdivision (STCC).

Welcome to 236 Prospect Road, Prospect!!!
A Rare, High-Profile Development Opportunity in Adelaide's Premier City-Fringe Neighbourhood. Perfectly positioned in the heart of highly sought-after Prospect, this generous 636 m² (approx.) allotment offers exceptional flexibility and outstanding future potential for investors, developers, and owner-occupiers alike.
Zoned Urban Corridor (Living), the property is perfectly poised to meet Adelaide's strong demand for quality medium-density living. With a concept plan for 8 studio apartments (STCC) and an alternative concept plan for 4 three-level townhouses (STCC), it offers developers multiple pathways to maximise this premium site.
The existing 1947-built solid brick home is full of timeless character, decently maintained and currently tenanted at $550 per week until August 2025, it provides an immediate income stream or the option to move in, lease out longer term, or land-bank for future development.
Property Highlights
✅ Generous 636 m² approx. allotment with 14.6 m approx. frontage, zoned Urban Corridor (Living)
✅ Concept plan for 8 studio apartments (Subject to Council Consent)
✅ Concept plan for 4 three-level townhouses (Subject to Council Consent)
✅ Solid, well-presented 1947 residence featuring:
3 spacious bedrooms
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Property Details for 236 Prospect Rd, Prospect

236 Prospect Rd, Prospect is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 636m2. The place is currently for sale with EXP AUSTRALIA SA.

Building Type
House
Land Size
636m2
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About Prospect 5082

The size of Prospect is approximately 5.0 square kilometres. It has 18 parks covering nearly 3.1% of 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 7,110 properties. Over the last 5 years, Houses in Prospect have seen a 104.60% increase in median value, while Units have seen a 71.14% increase. As at 31 October 2025:

  • The median value for Houses in Prospect is $1,489,635 while the median value for Units is $614,917.
  • Houses have a median rent of $650 while Units have a median rent of $565.
There are currently 22 properties listed for sale, and 10 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 412 properties were sold in the past 12 months in Prospect.

Suburb Insights for Prospect 5082

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Clifford Madtha
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EXP AUSTRALIA SA
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.