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 › Prospect Rd
$1,210,000
Last sold
31 Oct 2025
3
Bedrooms
2
Bathrooms
1
Car spaces
636 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
Last sold
$1,210,000
31 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Prospect (last 5 years) with land size have a median of $2,656/m² of land (n=54). Districts calculation from recorded sales — not a valuation.
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
-5.9%
Median sale
Suburb $1,286,000
+0.15 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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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 exp Australia SAWelcome to 236 Prospect Road, Prospect!!!
A Rare, High-Profile Development Opportunity in Adelaide's Premier City-Fringe Neighbourhood. Perfectly positioned in the heart of highly sought-after Prospect, this generous 636 m² (approx.) allotment offers exceptional flexibility and outstanding future potential for investors, developers, and owner-occupiers alike.
Zoned Urban Corridor (Living), the property is perfectly poised to meet Adelaide's strong demand for quality medium-density living. With a concept plan for 8 studio apartments (STCC) and an alternative concept plan for 4 three-level townhouses (STCC), it offers developers multiple pathways to maximise this premium site.
The existing 1947-built solid brick home is full of timeless character, decently maintained and currently tenanted at $550 per week until August 2025, it provides an immediate income stream or the option to move in, lease out longer term, or land-bank for future development.
Property Highlights
✅ Generous 636 m² approx. allotment with 14.6 m approx. frontage, zoned Urban Corridor (Living)
✅ Concept plan for 8 studio apartments (Subject to Council Consent)
✅ Concept plan for 4 three-level townhouses (Subject to Council Consent)
✅ Solid, well-presented 1947 residence featuring:
3 spacious bedrooms
2 bathrooms
Single car space
Approx. 158 m² of living space
✅ Vibrant location just steps from Prospect Road's café, dining, and retail strip
✅ Excellent connectivity to the Adelaide CBD via public transport and major arterial roads
✅ Close to quality schools, including Adelaide High School and Adelaide Botanic High School, as well as parks and local amenities.
✅ Currently tenanted at $550 per week with secure lease until 15 September 2025
Why You'll Love It!!
236 Prospect Road represents a truly blue-chip landholding in one of Adelaide's most desirable city-fringe neighbourhoods. Offering exceptional development flexibility, strong local demand for premium medium-density living, and a sought-after location with everything at your doorstep, this property is the ideal opportunity for builders, developers, and savvy investors seeking their next standout project.
Opportunities of this calibre are exceptionally rare. Don't miss your chance to secure it.
Contact JC Real Estate SA today to arrange an inspection or discuss the exciting development options for this outstanding site.
Disclaimer:
Every care has been taken to verify the accuracy of the details provided in this listing. However, no warranty is given, and interested parties are encouraged to conduct their own independent research. We accept no responsibility for any inaccuracies or omissions, including but not limited to property dimensions, floor plans, land size, condition, or age. All photographs, maps, and illustrations are for illustrative purposes only and may not represent the property precisely. Buyers should seek their own legal and professional advice before making any decisions.
Listing description written by Clifford Madtha, exp Australia SA — 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.