61 Gloucester Street, Prospect SA 5082

Large 805sqm landholding | 1885 character home with village walkability | 4-car parking on historic allotment | Low 2% yield for owner-occupier profile This property is competitively rare for Prospect due to its 805-square-metre land size combined with a substantial 286-square-metre historic house, built in 1885 and offering four car spaces. The absence of bushfire, flood, or heritage overlays reduces redevelopment constraints, while the 36% building coverage leaves potential for extension or subdivision, subject to council approval. It serves best a family buyer or character-home enthusiast seeking a large land parcel within walking distance of Prospect Village amenities and school catchments, specifically Adelaide High School. The property’s upper-end positioning reflects its land scale and parking capacity, which are less common in the suburb’s infill-dominated market. The valuation may be influenced by the single bathroom and older build date, which could require capital expenditure on finishes or systems, though the roof height and ground elevation suggest good natural light and drainage. The rent estimate of $725 per week implies a gross yield near 2.0% to 2.2% at the price guide, which is low and likely suited to owner-occupiers rather than investors. The street’s recent sales above $2 million for smaller houses might support price expectations, but condition and internal standard may affect the final sale price.