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

308 Prospect Road
Prospect SA 5082

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 131m2
Land area: 650m2
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Property Details for 308 Prospect Rd, Prospect

308 Prospect Rd, Prospect is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 650m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
House
Year Built
1950
Floor Size
131m2
Land Size
650m2
Local Government
Prospect
Lot/Plan
A8/D2613

Last Listing description (July 2019)

308 - Sold
310 - Available
Homebuyers, Investors and Developers will all want to take a closer look at these solid brick homes. Sited on 650m2 (approx.) allotments each, totalling 1,300m2 (approx) and zoned within a high density urban corridor, the opportunity for gentrification and redevelopment will definitely out-weigh the future residential value of this inspiring offering.

The existing homes are in fair to reasonable condition and provides the potential to rent out both properties now while you plan your new development. Generous changes to Prospect Road zoning have this one listed as Urban Corridor Zone (Transit Living Policy Area) with potential for 3-4 levels of high density living offering the planning catalyst for a great future apartment building.
Polished timber floors and art deco cornices grace the homes with character features across 5 main rooms with scattered art deco features. 308 Prospect Road features Two main bedrooms both of double proportion with an additional sleep-out or bedroom providing the much desired 3rd bedroom, (complete with ceiling fan). 310 Prospect Road features 3 bedrooms, all of double proportion with bedroom 2 having a built-in robe.
308 Prospect Road retains The original 1970's kitchen which is in good functional condition with double sink, upgraded stove and a generous meals area. Separate dining and lounge rooms adjoin providing bright and spacious everyday living spaces.
In addition to this, 310 Prospect Road boasts an upgraded kitchen offering crisp white cabinetry, double sink, sleek tiled splashbacks, glass cooktop, stainless steel range-hood and stone benchtops. Floating floors and neural tones complete an ideal cook & dine area. A generous living room with art deco ceiling rose and open fire provides the fifth room.
308 Prospect Road includes a bright and modern bathroom with floor to ceiling tiles, rail shower and contemporary fittings. A separate second toilet and separate laundry complete a comfortable interior. A single solid brick garage offers secure parking for one car plus there is a drive through carport to house another. A large rear yard offers plenty of space to move, completing a very rentable' offering with outstanding potential for future development and improvement.
310 Prospect Road bathroom is in need of tapware and repair, along with a separate toilet, laundry and lobby area completing the interior.
A brief look over both properties:
308 Prospect Road Features:
* Solid brick home on large 650m2 (approx.) allotment
* Great opportunity to develop and succeed
* Rent out now while you plan your new development
* Zoned - Urban Corridor Zone (Transit Living Policy Area) with potential for 3-4 levels of high density living (plans in place for twelve townhouses across both allotments)
* Polished timber floors and art deco cornices throughout
* Original 1970's kitchen with double sink and upgraded stove
* Large & bright dining room
* Generous lounge with heater and corner window
* Ducted evaporative cooling
* 2 bedrooms, both with built-in robes
* Sleep-out or 3rd bedroom with ceiling fan
* Modern bathroom with floor to ceiling tiles, rail shower and contemporary fittings
* Single solid brick garage with automatic panel lift door
* Single drive through carport
* Massive rear yard
* Rain water tank
*2.77m ceilings
310 Prospect Road Features:
* Solid brick home on large 650m2 (approx.) allotment
* Great opportunity to demolish, divide, develop and succeed
* Zoned - Urban Corridor Zone (Transit Living Policy Area) with potential for 3-4 levels of high density living
* Home in reasonable to poor condition
* Polished timber floors and scattered art deco features
* Upgraded kitchen with crisp white cabinetry, double sink, sleek tiled splashbacks, glass cooktop, stainless steel range-hood and stone benchtops
* Large & bright living room with open fire place
* 3 bedrooms, all with polished timber floors
* Bedroom 2 with built-in robes
* Bathroom in need of repair
* Single iron garage
* Single drive through carport
* Massive rear yard
* Rain water tank
* 2.70m ceilings
Located close to all desirable amenities. The Prospect Road lifestyle and restaurant precinct and The Churchill Centre with its quality, modern shopping facilities, including the new Costco, Bunnings, Aldi and Coles, are both only a few minutes away. Prospect Road offers public transport at your doorstep and local schools include Enfield Primary, Prospect North Primary, Blair Athol North School and Our Lady of the Sacred Heart College, all in the immediate area.
Homebuyers, Developers and Investors will all take note of this unique opportunity. Be sure to inspect!
* Development Planning Consent Granted for twelve, 3 storey apartments across both allotments *
Council | Prospect
Zone | Urban Corridor
Land | 1,300 sqm
Built | ...

Property History for 308 Prospect Rd, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
$540,000
08 Feb 2019
Listed for Rent
$330/w
18 Jan 2016
  • 18 Mar 2019
    Listed for Sale Not Disclosed
  • 08 Feb 2019
    Sold for $540,000
  • 13 Sep 2018
    Listed for Sale $530,000 - $570,000 EACH
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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 16 properties listed for sale, and 19 properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 414 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.