5-9 Prospect Place, Adelaide, SA 5000 sold on 18 June 2025 | OnTheHouse
SOLD
Sold on 18 Jun 2025 for $1,050,000

5-9 Prospect Place
Adelaide SA 5000

Bedrooms: 5
Bathrooms: 1
Car spaces: 1
Floor area: 186m2
Land area: 191m2
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Property Details for 5-9 Prospect Pl, Adelaide

5-9 Prospect Pl, Adelaide is a 5 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1880. The property has a land size of 191m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 5 bedroom Unit sold in Adelaide in the last 12 months.

Building Type
Unit
Year Built
1880
Floor Size
186m2
Land Size
191m2
Local Government
Adelaide
Lot/Plan
A1/F149491

Last Listing description (June 2025)

Meier Paul Real Estate presenting this fantastic development opportunity.

The property is located walking distance to everything you could possibly need! Close to the city tram service and other public transport services, Royal Adelaide Hospital, SAHMRI (South Australian Health and Medical Research Institute), University precinct and close to Adelaide Convention Centre, Riverbank and Art Precincts, Casino, New Women and Children Hospital, Chinatown, Adelaide Central Market, Victoria Square and Rundle Mall Shopping Precinct. You are within walking distance to good public and private schools, cages, restaurants and Adelaide Oval.

The property is local heritage listed and zoned Capital City and may suit mix use residential and commercial development (STCC). The City of Adelaide Heritage Incentives Scheme for improvement and renovation on the building is available subject to approval.

KEY PROPERTY FEATURES:
- Mixed-use residential and commercial development potential
- Corner site of 191m2
- Currently Tenanted with a periodic lease
- 5 bedrooms & multiple kitchens
- Walking distance to transport, Royal Adelaide Hospital, major shopping districts, cafes, restaurants and University of Adelaide & South Australia.

Take advantage of this great opportunity. To find out more information, or to arrange an inspection, please contact Get Sen Ngo on 0418 828 168 or Suzanna Paul on 0433 815 582.

Disclaimer: 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 and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Meier Paul Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA 228174

Property History for 5-9 Prospect Pl, Adelaide, SA 5000

A timeline of how this property has performed in the market
Last Sold
$1,050,000
18 Jun 2025
  • 18 Jun 2025
    Sold for $1,050,000
  • 24 Apr 2025
    Listed for Sale UNDER CONTRACT
  • 29 Oct 2024
    Listed for Sale Contact Agent
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About Adelaide 5000

The size of Adelaide is approximately 10.2 square kilometres. It has 42 parks covering nearly 50.5% of total area. The population of Adelaide in 2016 was 15115 people. By 2021 the population was 18202 showing a population growth of 20.4% in the area during that time. The predominant age group in Adelaide is 20-29 years. Households in Adelaide are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adelaide work in a professional occupation.In 2021, 32.50% of the homes in Adelaide were owner-occupied compared with 32.40% in 2016.

Adelaide has 18,489 properties. Over the last 5 years, Houses in Adelaide have seen a 42.19% increase in median value, while Units have seen a 34.49% increase. As at 30 November 2025:

  • The median value for Houses in Adelaide is $1,174,343 while the median value for Units is $580,952.
  • Houses have a median rent of $650 while Units have a median rent of $610.
There are currently 134 properties listed for sale, and 107 properties listed for rent in Adelaide on OnTheHouse. According to Cotality's data, 1221 properties were sold in the past 12 months in Adelaide.

Suburb Insights for Adelaide 5000

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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.