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
$1,520,000
Last sold
30 Aug 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
502 m²
Land
266 m²
Building
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
$1,520,000
30 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Prospect (last 5 years) with land size have a median of $2,646/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
+18.2%
Median sale
Suburb $1,286,000
-0.36 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 D B Philpott Real EstateSet in one of Prospect’s most coveted pockets, 24 Richman Avenue blends timeless charm with modern ease and is just moments from North Adelaide and the buzz of Prospect Road.
Behind a classic picket fence, this 1920s bungalow has all the hallmarks of a much-loved home. Think polished jarrah floorboards, soaring ceilings, original fireplaces, picture rails, and rich timber detailing; all beautifully preserved to honour its history, while allowing everyday life to unfold with ease.
With four spacious bedrooms, there’s room for growing families, overnight guests, or the perfect work-from-home setup. The main bedroom is something special, boasting a bay window with stunning leadlight, original fireplace, and its own adjoining retreat or study. Nearby, the main bathroom has been updated and offers a clean, contemporary finish, while an additional bathroom and laundry follow suit. These thoughtful touches throughout make daily routines a pleasure.
The kitchen is both elegant and practical designed for real life. With sleek Caesarstone benchtops, quality joinery, Smeg appliances, gas cooktop, and a Smeg dishwasher, it’s a space that rises to every occasion.
At the rear of the home, natural light pours into the open living and dining area, creating a space that feels effortlessly connected to the outdoors. Open the doors and step into the expansive undercover alfresco, simple perfect for slow Sunday lunches, evening catchups, or soaking in a quiet moment with a cup of tea. The garden wraps gently around the home, leafy and inviting yet wonderfully low maintenance, with paved paths, fruit trees, and a generous tool shed discreetly tucked away.
You’re going to Love…
- Zoned for Adelaide High & Adelaide Botanic High
- Walk to Prospect cafes, cinema, library & parks
- St Helens Kindergarten just around the corner
- 3kW solar system
- Rare double car access from side street
- Stone façade, tessellated tiled verandah
- Ducted reverse cycle air con + ceiling fans
- Plantation shutters for light & privacy
- Surrounded by great local schools
This is the kind of home that rarely comes up in Prospect’s tightly held top end. It’s one that is rich in soul, thoughtfully updated, and perfectly placed for the lifestyle you’ve been searching for.
Make your move to 24 Richman Avenue and write your next chapter in comfort and style.
Nearby schools include Prospect Primary, Rosary School, Nailsworth Primary, Wilderness School, Blackfriars Priory, St Dominic's Priory College, & Prescott College.
SPECIFICATIONS:
CT // 5253/718
Zone // Established Neighbourhood
Built // 1920
Land // 502sqm
Council // City of Prospect
Council Rates // $2,698.89 per annum
SA Water // $262.99 per quarter + usage
ESL // $215.10 per annum
Estimated Rent // Written assessment provided upon request
DB Philpott is proud to service the local area, and if you are considering selling, we invite you to contact the team for a free, no-obligation market opinion.
The property will be offered to the market by way of Auction, unless sold prior. At this stage, the vendors are not releasing a price guide. The agent is unable to guide or influence the market in terms of price, but recent sales data for the area is available upon request via email or at the open inspection.
The Vendor's Statement (Form 1), the Auction Contract, and the Conditions of Sale will be available for public inspection at the agent’s office for at least 3 consecutive business days before the auction, and at the auction venue for at least 30 minutes prior to the commencement of the auction.
Please note that any offers submitted prior to the auction will be under Auction conditions. It is the Purchaser's responsibility to seek independent legal advice and a Form 3 Cooling-Off Waiver.
If land size is quoted, it is an approximation only. You must verify the accuracy of this figure. DB Philpott does not guarantee the accuracy of these measurements. For any development enquiries or site requirements, please contact the local government authority.
Purchasers are encouraged to conduct their own due diligence, as any information provided here is a guide and should not be relied upon. Development is subject to all necessary consents.
We recommend assessing the suitability of any purchase based on your own needs and circumstances by seeking independent financial and legal advice.
RLA 46442
Listing description written by David Philpott, D B Philpott Real Estate — 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.