175 Prospect Road, Prospect, SA 5082 | Property Value & History | OnTheHouse
OFF MARKET

175 Prospect Road
Prospect SA 5082

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 539m2
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Property Details for 175 Prospect Rd, Prospect

Building Type
Commercial
Land Size
539m2
Local Government
Prospect
Lot/Plan
A2/F109867

Last Listing description (September 2022)

- Former function hall of 211 square metres*
- Newly purchased by builders willing to renovate to suit tenant requirements
- Substantial front yard with 6 on-site car parking spaces soon to be created

- Open plan with high ceilings
- In-built kitchen and male and female amenities
- Disabled access ramp at the entrance
- Suitable for a variety of uses including food and beverage, retail, office, fitness, allied health and more

175 Prospect Road, Prospect offers a unique opportunity to lease a one-of-a-kind building in an ideal location on the Prospect Road high street. The tenancy comprises a former function hall of approximately 211 square metres* and includes a large open plan area, an in-built kitchen, and male and female amenities. There is a large yard at the front of the property which the owners will convert into six (6) on-site car parking spaces or leave as is subject to user requirements.

The property is like nothing else in the street and is suited to a wide array of operators including restaurants, fitness and gymnasiums, offices, function centres and more.

Prospect Road is a tightly held high street that has seen a significant transformation in recent years. Boasting some of the lowest rates of vacancy in Adelaide, this vibrant hub incorporates many retail, hospitality, entertainment, and residential uses all within walking distance from one another.

For more information or to book an inspection of 175 Prospect Road, Prospect, please contact Saxon Smith or Nova Gaud of McGees Property (RLA 1722).

(* approx.)

Property History for 175 Prospect Rd, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
$1,010,000
09 Feb 2022
Listed for Rent
$767/w
07 Sep 2022
  • 23 Feb 2022
    Listed for Rent - Price not available
  • 09 Feb 2022
    Sold for $1,010,000
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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 7,119 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 16 properties listed for sale, and 18 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 414 properties were sold in the past 12 months in Prospect.

Suburb Insights for Prospect 5082

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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.