40 Castle Avenue, Prospect, SA 5082 | House for sale | OnTheHouse
 
FOR SALE
$1,025,000

40 Castle Avenue
Prospect SA 5082

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 578m2
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Character 5 room sandstone Fronted Bungalow on Valuable Corner Site, with multiple options.

Situated on the corner of Castle Avenue and Churchill Road this attractive period bungalow residence, Circa 1928 sits on approximately 578 sq.m of land with a 15.24m frontage to Castle Avenue and an approximately 37.95m frontage to Churchill Road and will suit an owner occupier, developer or investor.
The residence comprises entry hall, 2 main bedrooms, formal living room, study or small 3rd bedroom, eat in kitchen, bathroom, laundry and separate wc, with plenty of room to add a north facing family room and other accommodation if desired.
Original character features include polished Baltic pine floors, ornate ceilings, leadlight windows and a feature stone fronted fireplace in the living room.
An owner occupier will enjoy real inner city living in the go to city of Prospect, walking distance to the Prospect Road 'High Street' arguably the best 'High Street' in Adelaide, minutes to North Adelaide and the City, easy access to adjacent public transport and school zoning for Adelaide and Botanic High schools
A developer will enjoy the development potential, (subject to Council consent) that exists with the current Urban Corridor (Boulevard) Zoning, and frontage to Churchill Road, arguably the best urban corridor transformation in Adelaide.
An Investor will enjoy a very lettable property in a great location and the option of realising the development potential when it suits, subject of course to council consent.
Opportunity knocks loudly with this multiple optioned property. Highly recommended.
Inspection by appointment.
Contact peter Fenwick on 0402795200
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Pictures are for illustration purposes only.
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Property Details for 40 Castle Ave, Prospect

40 Castle Ave, Prospect is a 3 bedroom, 1 bathroom House. The property has a land size of 578m2. The place is currently for sale with Ennis Partners.

Building Type
House
Land Size
578m2
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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 7,162 properties. Over the last 5 years, Houses in Prospect have seen a 75.00% increase in median value, while Units have seen a 89.38% increase. As at 31 July 2026:

  • The median value for Houses in Prospect is $1,584,856 while the median value for Units is $702,395.
  • Houses have a median rent of $673 while Units have a median rent of $580.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 273 properties were sold in the past 12 months in Prospect.

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Peter Fenwick
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