227 Prospect RoadProspect SA 5082
Property Details for 227 Prospect Rd, Prospect
227 Prospect Rd, Prospect is a 2 bedroom, 2 bathroom Unit. The property has a land size of 1328m2. While the property is not currently for sale or for rent, it was last sold in April 2017.
Last Listing description (July 2022)
** Seeking Offers in the Range of $1,250,000 **
Colliers International are excited to present the opportunity to purchase 227 Prospect Road, Prospect.
With unrivalled growth and popularity in the Prospect Road precinct, there has been no better time to invest in, what is fast becoming one of metropolitan Adelaides most desirable and visited high street destinations.
- Prime and unrepeatable inner metropolitan corner site of approximately 1,262 square metres*.
- Valuable Urban Corridor (Transit Living) zoning envisaging development with a minimum of three (3) storeys and a maximum of four (4) storeys (STCC).
- Highly exposed site benefiting from expansive dual frontages to both Prospect Road and Regency Road.
- A short distance to the cosmopolitan heartbeat of Prospect Road anchored by the brand new $20 million art deco Palace Nova Cinemas and a thriving mix of residential, commercial and retail business supported by restaurant/cafe trade.
- Huge redevelopment potential with DA approval in place for four (4) storey residential development comprising 24 apartments with associated ground floor car parking.
For more information please contact:
Justin Hazell | 0414 232 022 | justin.hazell@colliers.com
Property History for 227 Prospect Rd, Prospect, SA 5082
- 09 Aug 2019Listed for Sale Please contact agent
- 03 Oct 2017Listed for Sale $349,000 - $374,000
- 28 Apr 2017Sold for $1,309,000
Recent sales nearby
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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.
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