Secure DHA Investment in a Prime Location

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Prospect, Prospect SA 5082

$520,000 To $560,000

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$520k - $546k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 2 Beds 1 Bath 1 Car

Listed: 2 days ago

Updated: 11 hours ago

Overview

This well-presented two-bedroom unit in Prospect presents a compelling investment opportunity, particularly appealing for investors seeking steady, low-maintenance returns via a Defence Housing Australia (DHA) lease until May 2029. The reliable rental income stream is supported by professional rental management and maintenance, reducing landlord responsibilities and providing greater peace of mind.

The apartment's design is practical and functional, featuring floating floorboards in the main living spaces that enhance the contemporary ambiance and facilitate easy upkeep. Both bedrooms are comfortably sized with carpeted flooring and mirrored built-in wardrobes, complemented by linen cupboards throughout, ensuring ample storage space.

The bathroom is efficiently appointed with essential amenities, including a vanity, shower, and toilet, catering to everyday needs. The kitchen boasts stainless steel appliances and integrates fluidly with the open-plan living and dining area, creating a bright and inviting environment for relaxation or entertaining guests. An adjacent balcony extends the living space outdoors, enhancing lifestyle appeal.

Conveniently located in the inner-north suburb of Prospect, the property benefits from proximity to local shops, cafes, and public transport, supporting a connected urban lifestyle. This combination of location, DHA lease benefits, and a low-maintenance, functional floorplan makes the unit attractive for investors aiming to diversify their portfolio with dependable income and minimal management overhead.

Local Market Insights

In Prospect, Quiet Listings observed 2 new units entering the market over the last 30 days, down from 3 during the previous 30-day period, with an average advertised asking price of $535,000. The property type mix of listed properties is predominantly Houses at 71%, followed by units (10%), and apartments (10%). The most active agency for units in the Prospect area is currently Ray White, representing 50% of new listings, followed by Ocre with 50%. 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.