5 Elizabeth St, Prospect is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 2020. The property has a land size of 709m2 and floor size of 247m2. While the property is not currently for sale or for rent, it was last sold in April 2019.
Some homes are an opportunist's diamond, and this 2-bedroom 1950s find is one. You can tell by its approximate 696sqm hovering between Churchill Road and the buzzing Prospect Road Precinct, while also fitting neatly inside the new Adelaide Botanic High School zone
That's when Austerity leads to prosperity.
On its street's high side, a 19m (approx.) frontage and RA350 council zoning opens its development potential far and wide for a single build, two semi-detached, or possibly two detached dwellings (STCC) with current vehicle access from Palmer Street at the rear.
What you'll start with:
- 1955 basic 2-bed Austerity home
- Some 696sqm of ready-to-develop land (STCC)
- 19m (approx.) frontage
- Rebuild or replace with 2 semi-detached homes (STCC)
- Split system R/C A/C to lounge
- Wall A/C to rear living/3rd bedroom
- Rear driveway access via Palmer Street
- NBN connected
- Walking distance to Churchill Road
- Minutes to Prospect Road's Nova Cinemas
- Bus & train connections to the city
Specifications:
CT / 5681/336
Council / City of Prospect
Zoning / R'RA350
Built / 1955
Land / 696m2
Frontage / 19.05m
Council Rates / $1625.19pa
SA Water / $204.57pq
ES Levy / $322.20pa
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
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 7,139 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:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.