165 Devonport Terrace, Prospect SA 5082
165 Devonport Terrace, Prospect SA 5082
This property comprises a 2 bedroom 1 bathroom house on 725 square metres of land with 82 square metres of internal living space. Built in 1958 it is a double brick single storey dwelling with gas cooking and an updated bathroom. Parking is provided for one vehicle. The property carries no bushfire risk and is in near original condition.
A competitively strong feature of this property is the generous land size, which is rare in this part of Prospect. The double brick construction and single level are practical, and the updated bathroom and kitchen provide modern function. The property is positioned within the suburb as a redevelopment opportunity, given its large allotment and near original condition. It is best suited to buyers who value land potential over immediate luxury, whether for a future project or a simple start. The separate living and dining areas offer useful separation.
Factors that may affect value include the single car parking, which might limit appeal to families or multiple vehicle households. The 82 square metre floor plan could feel tight, and the 1958 build date may require future updates. The double brick construction is robust and the land holds significant value. Buyers should weigh renovation costs against the location and lot size when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 165 Devonport Terrace, Prospect SA 5082
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Prospect is a well-established, family-oriented suburb with a strong professional demographic, driving consistent demand for its housing. The market demonstrates robust capital growth, particularly for houses, with a competitive sales environment reflected in swift selling periods. While units offer higher rental yields, the suburb’s appeal to owner-occupiers underpins its performance. Future growth is supported by its established community fabric, though its popularity and consequent price point present an inherent entry constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
725m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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