171-173 Prospect RoadProspect SA 5082
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.
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
* 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
- 12 Dec 2024Listed for Sale Not Disclosed
- 28 Jul 2017Listed for Rent $360 / week
- 25 Jul 2017Listed for Sale From $371,000
Recent sales nearby
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0About 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 7,161 properties. Over the last 5 years, Houses in Prospect have seen a 80.54% increase in median value, while Units have seen a 90.69% increase. As at 30 June 2026:
- The median value for Houses in Prospect is $1,560,307 while the median value for Units is $698,747.
- Houses have a median rent of $660 while Units have a median rent of $580.
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