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 › Highbury St
$1,850,000–$1,950,000
For sale
Asking range
2
Bedrooms
2
Bathrooms
5
Car spaces
418 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
$1,850,000–$1,950,000
Asking range · $4,426/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
+43.9%
Median sale
Suburb $1,286,000
-0.71 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.
Based on the low end of the asking range, not a contract price.
$118,533 on top of the price (6.4% 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.
Based on the low end of the asking range, not a contract price.
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 1.6%. 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
UnknownNearby 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.
Area
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 W&R Real EstateBest Offers by 12:00 pm Friday September 4, 2026 (USP)
Some homes are defined by their architecture. Others by their location. The truly special ones offer both.
Built circa 1890 and positioned in one of Adelaide's most tightly held inner northern neighbourhoods, 38 Highbury Street presents a rare opportunity to secure a substantial character residence in a location that places an extraordinary array of lifestyle experiences within easy reach.
Set on approximately 418m² with a 13.72m frontage, this impressive home combines the charm and presence of its era with the privilege of living just moments from North Adelaide, Prospect Road, the Adelaide Parklands and the CBD.
This is a home for buyers who value character, quality and, above all, the freedom that comes from being connected to almost everything Adelaide has to offer.
A Lifestyle That Starts at Your Front Door
One of the great pleasures of living here is just how easy life becomes.
Head into North Adelaide and O'Connell Street for breakfast, dinner or an evening out. Explore the restaurants, cafés and boutiques of Prospect Road, catch a movie, or make a weekend visit to the ever popular Schinella's Market for fresh produce and specialty food.
The Adelaide CBD is only minutes away, bringing the Adelaide Central Market, cultural precincts, shopping, restaurants and entertainment into your everyday lifestyle rather than reserving them for special occasions.
And when you want some space, Adelaide's magnificent green belt is equally accessible.
Walk the North Adelaide Parklands, spend an afternoon at the Adelaide Botanic Garden, or head towards the River Torrens Linear Park for walking and cycling.
Or simply point the car towards the Adelaide Hills and within a short drive you can be exploring Stirling, Verdun, Hahndorf, local wineries, restaurants and some of South Australia's most beautiful countryside.
City, Hills, parklands, restaurants, markets and entertainment - from Highbury Street, very little feels far away.
A Home With History and Presence
Dating back to circa 1890, the home carries the character and sense of permanence that simply cannot be replicated in a new build.
Offering approximately 142m² of building area, the residence provides two or three bedrooms and generous living accommodation, creating a home with genuine flexibility for families, professionals, downsizers seeking character without isolation, or buyers wanting an exceptional inner city base.
Its established streetscape, traditional proportions and substantial presence make this a property that immediately feels connected to the history of Prospect.
Why You'll Love Living Here
🏡 Circa 1890 Character - A genuine period home offering the charm, individuality and architectural presence increasingly difficult to find.
🌳 Parklands & Open Space - Enjoy easy access to the North Adelaide Parklands, Adelaide Botanic Garden and River Torrens Linear Park.
🍽️ Exceptional Dining - O'Connell Street, Prospect Road, North Adelaide and the Adelaide CBD put an enormous selection of restaurants, cafés and bars within easy reach.
🥬 Fresh Food & Markets - From Schinella's Market to the Adelaide Central Market, some of Adelaide's favourite fresh food destinations become part of your regular routine.
🎬 Culture & Entertainment - Cinemas, cafés, restaurants, shopping, festivals, sporting events and city entertainment are all remarkably accessible.
🚲 An Active Lifestyle - Walk, cycle and explore the parklands and Linear Park, with Adelaide's network of open spaces close at hand.
🍷 Adelaide Hills Adventures - Stirling, Verdun, Hahndorf, wineries, restaurants and beautiful Hills destinations provide an easy escape whenever the mood takes you.
📍 Connected to Everything - North Adelaide, Prospect, the CBD and Adelaide Hills are all easily accessible, creating a location that works equally well for weekdays and weekends.
Property Information
Property Type: House
Year Built: Circa 1890
Bedrooms: 2
Bathrooms: 2
Building Area: Approximately 142m²
Land Size: Approximately 418m²
Frontage: Approximately 13.72m
Zoning: Established Neighbourhood
Local Government: City of Prospect
Rare Home. Remarkable Location.
Private Inspections - By Scheduled Appointment Only
To provide prospective purchasers with the opportunity to properly experience the property, 38 Highbury Street will be available to view exclusively by private inspection at a scheduled appointment.
There will be no general open inspections.
Contact W&R Real Estate to arrange your private inspection:
📞 0481 391 041
📧 sales@wrrealestate.com.au
RLA 320 080
Listing description written by Andrew Rossi, W&R Real Estate — reproduced as published, not verified by Districts.