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.
$1,642,000
Last sold
30 June 2025
4
Bedrooms
1
Bathrooms
4
Car spaces
627 m²
Land
130 m²
Building
Districts View
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
$1,642,000
30 June 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
+27.7%
Median sale
Suburb $1,286,000
-0.51 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 Ray White ProspectIn Prospects pulsing heart, this classic villa, circa 1910, wrapped in charming picket fencing offers a bespoke opportunity to own a slice of history in a favoured and affluent city fringe postcode. With its fairytale gardens, grand Stone facade and leadlight framed entry, stories are sure to be shared here at 31 Olive Street.
Inside, ceilings scale to heights of 3.5m with the original arched hallway welcoming upon immediate entry with original hardwood flooring leading to the homes three substantially sized bedrooms, with a potential fourth bedroom within the front lounge room. The main three bedrooms have an original fireplace, with the second bedroom benefitting from a built in wardrobe and A/C.
The main bathroom is a combination of traditional and contemporary fixtures, with Black and White checkerboard tiled flooring, an upgraded vanity, timber seated toilet and a combined bathtub/shower.
At the rear of the home, a pitched roof fixed with LED downlights makes a statement in the open plan living ensemble, with 90° of floor to ceiling windows wrapping around the cosy carpeted living room. The modern kitchen boasts a long, central breakfast bar for casual dining, with modern appliances and ample storage.
Double doors open out to the alfresco where a pergola shades seasonal dining and looks out over a sprawling garden that wraps around the property, with thriving plants, neat lawns and for the kids, a playful treehouse awaiting the imagination of thriving young minds.
This charming home is your own private enclave in prime proximity to some of Prospect Road's restaurants, cinema and library - and is only minutes from North Adelaide and Adelaide's CBD. With classic architecture, modern amendments and luscious gardens with outdoor entertaining - welcome home to 31 Olive Street.
Additional Features:
• Zoned to Adelaide High & Adelaide Botanic High schools
• Prospect Community Childcare Centre within close walking distance
• 3kw solar system (14 panels)
• Double car garage accessible from the rear laneway
• Fruit trees include: fig, apricot, quandong, lemon & mandarin
• Paved driveway at the front with access to the front verandah
• Skylight in the hallway
• Built in storage and desk in bedroom 3, wardrobe in Bedroom 2 + ample space in the other bedrooms for the installation of wardrobes
• Ceiling fans in bedroom 1, 3 & 4/lounge, AC in bedroom 2
• Miele dishwasher and induction stove in the kitchen
• Split system A/C in the family room
• European laundry + clothesline in the backyard
• Plantation shutters on various windows throughout
• Large, pet friendly oval, virtually across the road
• Energy efficient heat pump hot water system
• Nearby schools include: Prospect Primary School, Rosary School, Blackfriars Priory School, Our Lady of the Sacred Heart College.
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a list of recent local sales to help you with your market and value research.
Listing description written by Stefan Siciliano, Ray White Prospect — 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.