371 Regency Rd, Prospect is a 4 bedroom, 1 bathroom House with 4 parking spaces and was built in 1945. The property has a land size of 813m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in September 2020.
This 4 bedroom home is situated on a corner block of approx 770sqm and comprises 1 bathoom, 2 toilets, separate lounge plus study verandah and large back yard. Solar panels have also been installed providing a saving on power bills.
Currently in use as a boarding house, with each bedroom let at $135 per week, makes this a good investment.
The property, accessed from William Street, is Zoned Commercial and therefore offers the potential for building a new business centre or an extension for a workshop. If the current property is retained, it is possible to also extend for residential living.
An additional feature are the solar panels.
Inspection is by appointment.
For more information please call Lisa Xu 0432 235 818 of John White 0419 848 305 LJ Hooker Woodville or email lisax@ljhookerwoodville.com.au or johnw@ljhookerwoodville.com.au
RLA61848
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 7,144 properties. Over the last 5 years, Houses in Prospect have seen a 92.15% increase in median value, while Units have seen a 81.96% increase. As at 31 March 2026:
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