Prospect Vale at a glance
5,623
People
$745,000
Median sale
$536/wk
Median rent
3.74%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
TAS › Prospect Vale › Belt Dr
$590,000
Last sold
8 Oct 2025
3
Bedrooms
1
Bathrooms
9
Car spaces
988 m²
Land
136 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$590,000
8 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Prospect Vale (last 5 years) with land size have a median of $865/m² of land (n=72). Districts calculation from recorded sales — not a valuation.
Prospect Vale at a glance
5,623
People
$745,000
Median sale
$536/wk
Median rent
3.74%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Prospect Vale
-20.8%
Median sale
Suburb $745,000
+0.98 pp
Gross yield
Suburb 3.74%
Suburb median $745,000 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $536/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Prospect Vale at a glance
5,623
People
$745,000
Median sale
$536/wk
Median rent
3.74%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Roberts Real Estate LauncestonWelcome to 10 Belt Drive in Prospect Vale - Hidden away from the hustle and bustle, this warm and well-loved home beautifully blends classic style with modern updates. Built in 1950, it offers a relaxed, comfortable lifestyle with all the space a family needs. Inside, you'll find three spacious bedrooms, 2 with built-in robes, and a thoughtfully designed bathroom that's both functional and easy to maintain, incorporating a sauna for the ultimate in relaxation. The layout flows nicely, with a total living area of 124 square metres, plus an internal laundry and split system air conditioning with heat transfer to keep you comfortable through every season.
One of the standout features is the large outdoor deck - a true extension of the living space. Whether you're enjoying a quiet morning coffee or hosting friends and family, it's a space you'll appreciate all year round. With outdoor blinds and provision for heaters, it's just as inviting in winter as it is in summer. The backyard is fully fenced and pet-friendly, with plenty of room for kids to run around or for you to create the garden you've always wanted. However, you may just be in awe of the award-winning lawn, something to definitely talk about! The generous 987.7 sqm block gives you that extra bit of breathing room that's hard to find.
There's also a three-car garage, side access to the backyard, additional off-street parking, under house access and garden shed so storage and convenience are well covered. Other great features include ceiling and under floor insulation to help with energy efficiency plus high-speed broadband is already connected - ideal for work, streaming, or staying in touch.
Located in a quiet, family-friendly neighbourhood, the home is close to local schools, parks, and everyday essentials. It's the kind of place where you can settle in and feel at home from day one. Priced accordingly at offers over $565,000 - contact us now to arrange an inspection and see what makes this Prospect Vale property so easy to love.
At a glance:
• 3 spacious bedrooms, 2 with built-in robes
• 1 well-appointed bathroom, including sauna
• Generous 987.7 sqm block and 124sqm of living space
• Split system air conditioning with heat transfer system for year-round comfort
• Ceiling and under floor insulation
• Large covered deck with outdoor heaters and blinds for all-season entertaining
• 3-car garage plus extra off-street parking for caravans and cars
• Strata Costs - $880pa covering building insurance and road maintenance
Roberts Real Estate has made all reasonable efforts to obtain information regarding this property from industry and government sources that are deemed to be both reliable and factual; however, we cannot guarantee their complete accuracy in every instance. Prospective purchasers are advised to carry out their own investigations to ensure the property satisfies their suitability/usage requirements. All measurements and boundary lines are approximate.
Listing description written by Kellie Potter, Roberts Real Estate Launceston — reproduced as published, not verified by Districts.