Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
SA › Prospect › Richman Ave
$1,200,000
For sale
Asking
2
Bedrooms
1
Bathrooms
1
Car spaces
502 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,200,000
Asking · $2,390/m² of land
No recorded sale for this property.
Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Vs Prospect
-6.7%
Median sale
Suburb $1,286,000
+0.17 pp
Gross yield
Suburb 2.35%
Suburb median $1,286,000 from 48 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$75,958 on top of the price (6.3% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Prospect's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $582/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Prospect at a glance
16,033
People
$1,286,000
Median sale
$582/wk
Median rent
2.35%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Crawford DoranPerfectly positioned in one of Adelaide's most coveted city-fringe suburbs, this charming character residence presents an exciting opportunity to secure a classic home on a generous 502sqm approx. allotment with room to renovate, extend or redevelop (STPC).
Behind its striking stone façade and broad front and rear verandahs, soaring ceilings, decorative fireplace, timber joinery and a wide central hallway celebrate the home's enduring heritage.
Two generous bedrooms are complemented by spacious formal living and dining rooms, where elegant proportions and original character details create warm and inviting spaces to enjoy today – and incredible potential for tomorrow.
The neat kitchen is fitted with a freestanding stainless steel cooker, with a dedicated external laundry and versatile external kitchen positioned just beyond, while the well-maintained bathroom is light, bright and functional.
Outdoors, a vine-covered pergola creates the perfect setting for relaxed entertaining, overlooking a substantial backyard complete with established citrus trees, rainwater tank, rear shed and a secure garage with roller door.
It's easy to imagine sitting out here and plotting out your future living space, cool drink in hand.
Whether you're looking to move straight in, renovate over time or unlock the site's future potential, this is an exceptional opportunity in a location that continues to go from strength to strength.
It's easy to see why Prospect continues to rank among Adelaide's most sought-after city-fringe suburbs. Spend your weekends strolling to Prospect Road's celebrated cafés, restaurants and boutique shopping, catch a film at Palace Nova, or enjoy the open spaces of nearby St Helens Park.
With excellent schooling options, effortless CBD access and a vibrant village atmosphere, this is a location that offers an exceptional lifestyle at every stage of life.
Features to note:
• Gorgeous character stone façade with wide, welcoming verandah
• Soaring ceilings, decorative fireplace and beautiful central hallway
• Two generous bedrooms with new split system air conditioning
• Spacious formal lounge and adjoining formal dining room
• Neat kitchen with freestanding stainless steel oven and cooktop
• Dedicated external laundry plus separate external kitchen
• Well-maintained bathroom with bright neutral finishes
• Relaxed entertaining beneath an established vine-covered pergola
• Expansive 502sqm (approx.) allotment with development potential (STPC)
• Established citrus trees and rainwater tank
• Secure single garage with roller door plus tons of off-street parking
• Rear storage shed
• New split system air conditioning units to lounge and bedrooms
Location:
• Just seconds from vibrant Prospect Road's cafés, restaurants, boutiques and everyday conveniences
• An easy walk to local favourites including Anchovy Bandit, Bottega Bandito and Palace Nova Cinemas
• Moments from beautiful St Helens Park
• Zoned for Prospect Primary School, Nailsworth Primary School, Adelaide Botanic High School and Adelaide High School
• Less than 10 minutes from the Adelaide CBD
Method of Sale:
• For sale by Public Auction which will take place on-site at the property on Sunday 30th August at 11:30AM. The Form 1 document may be inspected at our office three business days prior to auction and at the place of auction 30 minutes before the auction commences.
Purchaser Portal:
• Our purchaser portal gives you access to all key property documentation, including the Form 1 (Vendor Statement), Form R3 (Buyer Information Notice), and the templated Contract of Sale. Once registered, you'll also be able to complete and submit an offer using our digital offer form. Access the purchaser portal by following the link provided below:
•https://bit.ly/20RichmanAve
For more information:
• Please contact the selling agents directly: Both Catherine and Thomas proudly represent Crawford Doran Pty Ltd and welcome any enquiry on this exciting property listing.
Disclaimer:
• While we have made every effort to ensure the accuracy and completeness of the information presented in our marketing materials, we cannot guarantee the accuracy of information provided by our vendors. Accordingly, Crawford Doran Pty Ltd disclaims any statements, representations, or warranties regarding the accuracy of this information and assumes no legal liability in this regard. We encourage interested parties to conduct their own due diligence when considering the purchase of any property. Please note that all photographs, maps, and images are for marketing purposes only, and should be used only as a guide.
RLA 336264
Listing description written by Catherine Norris, Crawford Doran — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.