207/132 Prospect Road, Prospect SA 5082

3 bed, 2 bath, 2 car secure apartment | 111sqm internal on 116sqm lot | built 2022 | Prospect’s owner-occupied, long-term resident street This is a rare configuration in the modern apartment market – a full three-bedroom, two-bathroom floorplan with two secure car spaces, built only three years ago. The 111sqm internal area is generous for a unit, and the presence of a courtyard and balcony gives genuine indoor-outdoor flow. The street profile shows 75% owner-occupancy and 71% long-term residents, which signals stable demand and limited rental turnover risk. This property suits a downsizer or professional couple who want lock-and-leave convenience without sacrificing space or parking, and who value a quiet, established residential pocket over a high-density precinct. The primary risk is the lack of recent comparable sales and zero auction clearance data for the immediate street, making price discovery uncertain. The property last transacted in 2022, so current pricing may reflect market uplift without local transaction evidence. The absence of heritage or flood overlays is neutral, but the buyer should verify whether the 2022 build has any latent defects typical of that construction cycle. The potential rental yield of $700–$770 per week is moderate for the price bracket, so this works best as a primary residence rather than a high-yield investment. Hold it as a long-term owner-occupied base in a stable suburb with good school catchment access.