3/217 Devonport Terrace, Prospect SA 5082

Townhouse, 2-bed, 1-bath, 143m² | Prospect fringe, 1994 build, strata of six | Dual parking, separate second toilet, low-maintenance courtyard | Flood overlay flagged, no heritage or bushfire risk This townhouse offers a rare combination for a city-fringe buyer: a genuinely low-maintenance footprint on a small strata block, with two dedicated car spaces and a separate downstairs toilet that makes the single-bathroom layout more practical for daily living. The 1994 build quality in a six-unit complex typically means lower body corporate surprises than older stock, and the floorboards in living areas with carpeted bedrooms give a clean, tenant-friendly finish. It suits first-home buyers seeking a foothold in Prospect without a large mortgage, or an investor after a sub-$700k entry into a strong rental corridor near Adelaide High School and the Churchill Centre. The flood overlay is the primary risk; it may affect insurance premiums and resale sentiment, so a qualified inspection and insurer quote before offer is prudent. The estimated rental midpoint of $540/week against a $671k valuation suggests a gross yield near 4.2%, which is acceptable but not exceptional for this location. With the last sale in 2009 and no recent comparable sales in the data, pricing is more art than science-use the agent’s campaign feedback and your own comparable search on nearby Devonport Terrace units. Hold for steady capital growth tied to Prospect’s amenity uplift; this is a hold-and-rent or live-in starter, not a flip.