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.
$1,050,000
Last sold
12 Mar 2025
5
Bedrooms
2
Bathrooms
2
Car spaces
583 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
$1,050,000
12 Mar 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
-18.4%
Median sale
Suburb $1,286,000
+0.53 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 EstateStep into a unique investment opportunity that offers both immediate returns and long-term growth. This property is established as a dual-income asset, designed for investors seeking a reliable income stream with excellent upside potential.
FRONT HOUSE (6 Moore Street)
This beautifully preserved 1920s bungalow is currently vacant, making it ready for immediate occupation should you wish to move in or lease it out. Featuring three spacious bedrooms, a formal lounge, and an eat-in kitchen, it provides plenty of room for family living. The design and character of this home reflect the craftsmanship of its era, while offering plenty of scope for modern updates should you choose to add value. For those looking to lease, the front house is perfectly positioned to attract quality tenants, and when tenanted, the carport is exclusively allocated to the main house for added convenience.
REAR FLAT (6A Moore Street)
This self-contained two-bedroom unit has been leased to a wonderful tenant who has shown exceptional care for the property. The open kitchen and meals area make for a light and airy living space, while the separate bathroom and external laundry ensure a comfortable and private experience for the tenant. The property is currently leased to May 2025 returning $295 per week. The weekly rent is slightly under the market rate, but it is balanced with a dedicated, responsible tenant already in place, earning you an income-producing asset from day one.
The shared rear yard is well-maintained by a regular gardener, offering a tidy and appealing outdoor space for both the front house and rear flat residents. Both properties are metered separately for power and water usage. Each property has separate fibre NBN connectivity.
This dual-income setup allows for flexibility – whether you choose to occupy the front house and continue leasing the back flat, or you decide to rent both spaces for maximum return, this property provides the versatility that is so sought after in today’s market.
Indicative rental returns suggest the front house could generate $575 per week, while the rear flat offers a potential rental income of $375 per week. This provides an estimated annual yield of approximately 4%, along with strong potential for capital growth in the dynamic, well-connected suburb of Prospect, known for its proximity to the city.
Nearby schools include Prospect North Primary, Prospect Primary, Nailsworth Primary, Rosary, Blackfriars & zoned to Adelaide & Adelaide Botanic High Schools.
SPECIFICATIONS:
CT // 5741/145
Zone // Established Neighbourhood
Land // 583sqm
Council // City of Prospect
Council Rates // $2,622.10 per annum
SA Water // $253.54 per quarter + usage
ESL // $212.90 per annum
Tenancy // 6A currently leased to 02/05/25 at $295pw
DB Philpott Real Estate is proud to service the local area and if you are thinking of selling, give us a phone call to arrange a free no obligation market opinion.
If a land size is quoted it is an approximation only. You must make your own enquires as to this figures accuracy. DB Philpott does not guarantee the accuracy of these measurements. All development enquires and site requirements should be directed to the local govt. authority.
Purchasers should conduct their own due diligence and any information provided here is a guide and should not be relied upon. You should assess the suitability of any purchase of the land or business in light of 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.