1-3/81 Albert Street, Prospect, SA 5082

Auction On-Site Saturday 16th May at 11:00am

Block Of Units
Type
6
Bedrooms
3
Bathrooms
3
Parkings
696 m²
Area

Last updated on Friday, May 15, 2026 ( See property details for 1-3/81 Albert Street, Prospect, SA 5082)

Auction On-Site Saturday 16th May at 11:00am

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and versatile investment opportunity in Prospect offering three well-maintained units with strong rental income and excellent location advantages.

🏡 Property Highlights

  • Rare opportunity to acquire a tightly held block of three units in Prospect with over 50 years of ownership history.
  • Consistent and practical layout across all three two-bedroom units, ideal for investors seeking reliable income.
  • Excellent rental income potential with two units currently tenanted at $250 per week each.
  • Strategic location with easy access to public transport, shopping centres, and major roads to Adelaide CBD.
  • Generous land size of approximately 696sqm with potential for future development or subdivision (subject to council approval).
  • Each unit features a designated carport, with additional off-street parking available along Albert Street.

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Garage
  • Secure Parking
  • Waterfront / Views
  • Pet-Friendly
  • Home Office / Study
  • Balcony
  • Extra Storage (Shed/Linen)

Prospect is a highly sought-after suburb renowned for its vibrant community, excellent amenities, and convenient transport links. Key features include proximity to major shopping centres like Churchill Centre and Costco, easy access to public transport including bus stops and train stations, a variety of dining and retail options, and a family-friendly environment. The area offers a balanced lifestyle with parks, schools, and recreational facilities, making it an ideal location for both investors and residents seeking convenience and community spirit.

What is the current rental income for the property?
Two of the units are currently tenanted at $250 per week each, providing a steady income stream.
Are there any development or subdivision opportunities?
The property has a land area of approximately 696sqm, which may offer potential for future development or subdivision subject to council approval.
What amenities are nearby?
The property is conveniently located near shopping centres like Churchill Centre and Costco, public transport including bus stops and train stations, and various dining options.
Is the property suitable for investment purposes?
Yes, with multiple income streams, strong rental yields, and a highly desirable location, this property is ideal for investors.
What are the parking arrangements?
Each unit has a designated carport, with additional off-street parking available along Albert Street.
Are there any existing zoning restrictions or easements affecting the property? Have any recent inspections revealed structural or pest issues? Are there any upcoming council developments or planning activities in the area? What are the total ongoing costs, including water rates and council rates? Is there any history of flooding or bushfire risk in this location? Are there any strata or community management fees applicable? Has the property been recently renovated or does it require maintenance? Are there any restrictions on future development or subdivision? What is the history of rent payments and tenant stability? Are there any planned infrastructure upgrades or construction nearby that could impact the property?

1-3/81 Albert Street, Prospect, SA 5082 - More Details

Auction On-Site Saturday 16th May at 11:00am

Type
Block Of Units
Bedrooms
6
Bathrooms
3
Parkings
3
Area
696 m²

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