OFF MARKET

5/7 Richman Avenue
Prospect SA 5082

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 68m2
Land area: 86m2
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Property Details for 5/7 Richman Ave, Prospect

5/7 Richman Ave, Prospect is a 2 bedroom, 1 bathroom Unit and was built in 1969. The property has a land size of 86m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
1969
Floor Size
68m2
Land Size
86m2
Local Government
Prospect
Lot/Plan
U5/S24

Last Listing description (May 2022)

When it comes to location this secure two-bedroom unit located will tick lots of boxes. Tastefully updated this unit will be much sought after by the savvy buyer first home buyers, investors or even the downsizers.

Consisting of:
- 2 generous bedrooms both have built in robes

- Open plan kitchen and meals area
- Kitchen has gas cooktop and oven and plenty of cupboards
- Lounge room has polished floorboards and outlook to the front gardens through the feature bay window
- Separate laundry
- Ducted air conditioning
- New carpets and freshly painted throughout
- Rental potential $330 - $350 per week
- NBN installed
- Street Parking

Located in a well-managed group of 6. Walking distance to Prospect Road Precinct with public transport to the CBD and North Adelaide shopping and eateries nearby.

Welcome to 5/7 Richman Avenue, Prospect!

(You should assess the suitability of any purchase of the land or business in light of your own needs and circumstances by seeking independent financial and legal advice.)

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Property History for 5/7 Richman Ave, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
$379,200
26 May 2022
Listed for Rent
$180/w
05 Aug 2006
  • 26 May 2022
    Sold for $379,200
  • 07 Apr 2022
    Listed for Sale $295,000 - $315,000
  • 23 Jul 2006
    Listed for Rent - Price not available
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About Prospect 5082

The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.

Prospect has 6,906 properties. Over the last 5 years, Houses in Prospect have seen a 99.27% increase in median value, while Units have seen a 64.37% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $1,345,666 while the median value for Units is $560,249.
  • Houses have a median rent of $620 while Units have a median rent of $520.
There are currently 38 properties listed for sale, and 20 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 246 properties were sold in the past 12 months in Prospect.

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