Welcome 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 August 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.
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