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Overview
Situated in one of Adelaide's most desirable inner northern suburbs, this property at 159 Churchill Road, Prospect, is an exceptional opportunity for developers, investors and homeowners. The property is set on a generously sized allotment of approximately 629 square metres, featuring an impressive 18.3-metre frontage. This frontage is notably wider by about 3 metres compared to many other properties on Churchill Road, allowing for greater design flexibility and enhanced street presence.
The existing home, a solid character residence from the 1950s, offers immediate versatility. It can be comfortably occupied or leased to generate income while contemplating future plans. Its prime location close to the city is highly attractive to families and tenants seeking lifestyle convenience.
Alternatively, this property offers the significant advantage of an approved development plan. Council approval is in place for a Community Title development comprising two-storey residential flat buildings with four dwellings. This greatly expedites the development process, presenting a rare chance to fast-track a quality housing project in a location with increasing demand.
Churchill Road lies within an established urban corridor that has undergone considerable investment and redevelopment in recent years. The location continues to draw developers, investors, and owner-occupiers who seek proximity to the Adelaide CBD, as well as excellent transport links, shopping, and lifestyle amenities.
- Approximately 6km from the Adelaide CBD
- Minutes to the vibrant Prospect Road cafes, restaurants, and boutique shopping
- Close to Northpark Shopping Centre and major retail precincts
- Easy access to public transport along Churchill Road and nearby arterial roads
- Quality schooling options including Prospect Primary School, North Primary School, Blackfriars Priory School, Prescott College, and inclusion in the Adelaide High School catchment
Healthcare and essential services are also within easy reach, with major medical facilities such as the Royal Adelaide Hospital, Calvary North Adelaide Hospital, Women's and Children's Hospital, and Lyell McEwin Hospital readily accessible.
Whether the buyer intends to develop immediately, hold the property for future planning (landbanking), retain the existing home as an investment, or explore other development avenues subject to necessary consents, this is a rare prospect in a premium area with plans already approved. Opportunities of this nature are becoming scarce in Prospect.
This listing invites interested parties to secure a position in one of Adelaide’s premier growth suburbs.
Disclaimer: While every effort has been made to ensure accurate details within this advertisement, purchasers are responsible for conducting their own due diligence and thorough investigations prior to acquisition.
Local Market Insights
In Prospect, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,266,000. The property type mix of listed properties is predominantly Houses at 60%, followed by units (15%), and apartments (10%). Ray White was the most active agency in this area, representing 57.9% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $1.59M - 1.65M | |
| Auction On-Site Saturday 25th July 10AM (USP) |
Location
Prospect SA 5082
Market Insights for Prospect SA 5082
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