31 Princes St, Prospect is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 718m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Often searched for but seldom found this property that is located in a high demand suburb and offers plenty of options for its next owners. What is on offer is 718 sqm allotment (approx.) with a sizable 15.81m frontage of land. Positioned in a low traffic location and within walking distance to Churchill Centre, Prospect & Churchill Road Cafs and Restaurants, easy access to Public Transport but most importantly affordable is this your entry into Prospect? Renovate and extend or simply hold its future is up to you!
This much-loved family home offers three bedrooms all well-proportioned (bedroom two with built in cupboards), an open format encompassing lounge and dine plus kitchen all of which is serviced with an oil heater and wall unit air conditioning. The kitchen has ample cupboard space and stainless steel upright electric cooker while the bathroom is modern and light filled. To the rear is a separate laundry and toilet.
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:
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