More townhouses on sale for just $675,000 at Prospect Corner
More affordable homes have hit the market in an $80m housing estate that boasts a massive internal park area.
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New townhouses in Prospect have hit the market, allowing eligible buyers to snap up a home for far less than the suburb’s average house price.
The latest stage of the state government’s $80m Prospect Corner housing estate, eight double-storey homes are now on sale for $675,000, including up to 25 per cent shared equity through the HomeStart scheme.
The homes are specially priced for first homebuyers, families and people on low to moderate incomes.
The average sale price of a two-bedroom home in Prospect is just under a million dollars, according to realestate.com.au.
Prospect Corner will feature 55 per cent affordable housing in a mix of townhouses and apartments across a 208-home, 2.36ha site, including a massive internal park.
Of the new townhouses now on sale, each includes two bedrooms and a study nook on the second floor, a main bathroom upstairs with an additional toilet downstairs, single garage, open-plan kitchen, dining, and living area on the ground floor, and a generous backyard.
The homes are on the northern edge of the development, 100m from Islington train station.
Two larger townhouses have also been released for sale at $850,000.
These larger homes offer three bedrooms including a main bedroom with ensuite and walk-in robe, two additional bedrooms, a second bathroom, and a study nook upstairs.
The ground floor features an expansive open-plan kitchen, living, and dining area that opens onto a large decked outdoor dining space and generous sized backyard.
There is also a laundry and a drive-through garage with space for a second car in the back yard.
All homes in this release will be built by family-owned national builder Burbank and sold by local sales agency Taarnby.
It’s the fourth release of homes at Prospect Corner, since the first stage launched in September 2023, which sold out within weeks.
Fifty townhouses have now been sold. Construction on the first 17 homes began in late 2024 and the first residents are expected to move in by September.
Work has also started on Payinthi Reserve – the central park of Prospect Corner and the first of three planned green spaces.
Scheduled for completion in July, the reserve will feature large central lawn, plaza with all-weather shelters, BBQ facilities, bike racks, and drinking fountains.
It includes an active zone with fitness equipment and nature play area.
A range of premium, park-facing townhouses were announced in December and will be released later this year.
Located just 7km from the Adelaide CBD, Prospect Corner is at the intersection of Churchill and Regency roads.
Housing Minister Nick Champion said: “This is an incredible opportunity for first-home buyers and families on low-to-moderate incomes to secure a home in one of Adelaide’s most sought-after suburbs paying significantly less than the local median price.”
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Originally published as More townhouses on sale for just $675,000 at Prospect Corner
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