201/188 Churchill Road, Prospect SA 5082
201/188 Churchill Road, Prospect SA 5082
2 bed 1 bath apartment | 2016 build | 97 m² lot | flood zone flagged | last sold $400k May 2023
This is a modern, low-maintenance unit in a small 2016-built complex on Churchill Road, Prospect. It suits first-home buyers, downsizers, or investors wanting city-fringe convenience without the upkeep of a house. The configuration is straightforward—two bedrooms, one bathroom, one car space—and the compact footprint keeps running costs modest. Its strongest edge is being part of newer infill stock in a suburb where much of the housing is older and larger, so it offers an entry point into Prospect that is practical rather than character-driven. The location is arterial, which means easy access to the CBD, Churchill Centre, and Prospect Road dining, but it comes with the trade-off of traffic exposure. For a buyer prioritising affordability and convenience over space or quiet, this unit is a sensible fit.
Value may be shaped by the flood zone flag, which could affect insurance costs or future lending appetite, and the lack of confirmed building amenities like lift access or secure entry. The 97 m² lot is modest, so there is little land upside, and the unit’s position within the complex—floor level, aspect, outlook—remains unverified, which could matter for light and noise. The 2023 sale at $400,000 sits below Prospect’s typical unit pricing, so there may be room for capital growth if the market holds, but the flood risk and arterial setting could cap appreciation. Buyers should weigh these constraints against the property’s modern build and location when forming a price view.
|| Comparable Sales: 102/188 Churchill Road, 2 bed 1 bath, 97 m², sold 2023; 201/210 Churchill Road, 2 bed 1 bath, 2016 build | Property Price Band: $400,000–$500,000 | Value Drivers: modern build quality, compact layout, flood zone exposure, Churchill Road position
Detailed Independent Property Report prepared by PropCred Analyst team for 201/188 Churchill Road, Prospect SA 5082
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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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
Comparable Sales: 102/188 Churchill Road, 2 bed 1 bath, 97 m², sold 2023; 201/210 Churchill Road, 2 bed 1 bath, 2016 build | Property Price Band: $400,000–$500,000 | Value Drivers: modern build quality, compact layout, flood zone exposure, Churchill Road position
Bedrooms
2
Bathroom
2
Parking
1
Land
17m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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