[1] John Bradford received a land grant for section 373 of the Hundred of Yatala on July 25, 1838, he subdivided it into several eight-acre allotments, according to H.C. Talbot, the area was named for its stunning views over the Adelaide Plains and its separation from North Adelaide by the beautifully wooded Parklands, filled with gum trees and wattles,[2] the early Prospect Village was a private subdivision of sections 373 and 349 of the Hundred of Yatala, which intersected at the village centre (now St Helens Park and St Cuthbert's Anglican Church).

[3] To the new settlers, the undeveloped locality presented a "beautiful prospect", being described as "well timbered, with waving gum and shady trees".

[4] Thus the early township was dubbed Prospect Village by Colonel William Light shortly after the colonisation of South Australia in 1838.

It was located at First avenue, Nailsworth, with two tall palm trees planted in front of the post office to enhance visibility from a distance.

It has an open grass area and includes a playground, tennis courts and a performing stage for park events.

[12][13] St Helens Park (34°53'33.35"S 138°35'43.33"E), located on Prospect Road, has a playground, public barbecues, rose gardens and climbing trees.