171-173 Prospect Road, Prospect, SA 5082 | Property Value & History | OnTheHouse
OFF MARKET

171-173 Prospect Road
Prospect SA 5082

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 65m2
Land area: 1395m2
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Property Details for 171-173 Prospect Rd, Prospect

171-173 Prospect Rd, Prospect is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2017. The property has a land size of 1395m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in November 2014.

Building Type
Unit
Year Built
2017
Floor Size
65m2
Land Size
1395m2
Local Government
Prospect
Lot/Plan
A1/F109866

Last Listing description (December 2024)

* Prominent Site of 1395sqm approx.
* Over 35m frontage to Prospect Road
* Substantial Building Improvements of some 685sqm with scope to renovate

* Zoned Urban Corridor
* Incredible Development Opportunity

There has been substantial Development Plan Amendments in the City of Prospect. The amendment covers the Urban Corridor Zone, comprising Prospect Road, Churchill Road and Main North Road.

The highlights of the changes to the Development Plan include:
- Increased building heights within the Urban Corridor Zone
- Reduced car parking requirements for both residential and commercial/retail development.
- Better design outcomes through a design review process for development 5 storeys or more
- Increased flexibility regarding the permissible types of land uses
- New provisions in relation to protecting privacy, minimising over shadowing and ensuring public notification occurs for development over 2 storeys in height.

For Information Memorandum please contact the selling agents.
George Tsiolis on 0411 423 170
Kathy Tsiolis on 0413 434 202

RLA 147463

Property History for 171-173 Prospect Rd, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
$1,265,000
28 Nov 2014
Listed for Rent
$340/w
25 Oct 2017
  • 12 Dec 2024
    Listed for Sale Not Disclosed
  • 28 Jul 2017
    Listed for Rent $360 / week
  • 25 Jul 2017
    Listed for Sale From $371,000
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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 7,120 properties. Over the last 5 years, Houses in Prospect have seen a 95.15% increase in median value, while Units have seen a 80.18% increase. As at 31 December 2025:

  • The median value for Houses in Prospect is $1,539,077 while the median value for Units is $645,147.
  • Houses have a median rent of $650 while Units have a median rent of $575.
There are currently 15 properties listed for sale, and 20 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 415 properties were sold in the past 12 months in Prospect.

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Cotality Copyright and Legal Disclaimers about Property Data
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.