Prospect Vale at a glance
5,623
People
$740,000
Median sale
$536/wk
Median rent
3.77%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
TAS › Prospect Vale › Woodrising Way
$645,000
Last sold
4 Nov 2022
3
Bedrooms
2
Bathrooms
4
Car spaces
811 m²
Land
207 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
$645,000
4 Nov 2022 · 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
$740,000
Median sale
$536/wk
Median rent
3.77%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Vs Prospect Vale
-12.8%
Median sale
Suburb $740,000
+0.55 pp
Gross yield
Suburb 3.77%
Suburb median $740,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Meander Valley Local Provisions Schedule
Zone
General Residential
121.8
Jurisdiction
Meander Valley
Meander Valley, TAS
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
TASZoned General Residential · 121.8 (Meander Valley Local Provisions Schedule). Official parcel area about 811 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned General Residential · 121.8 (Meander Valley Local Provisions Schedule). Official parcel area about 811 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 811 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
$740,000
Median sale
$536/wk
Median rent
3.77%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonSet in this highly desirable, quiet Prospect Vale location, 10 Woodrising is available for you to move straight in. Homes in this area are hard to come by, and you'll see why locals buy and choose to enjoy the spot for a long time.
It's a peaceful atmosphere, bordering the golf course and a flat, level area. Perfect for retirees, or families alike, with walking distance to schools, shops, parks and more. There's always a pram, dog, runner or leisurely walker strolling in and out of the cul-de-sac's and surrounding streets.
The home has been semi-updated internally presenting as neat and low maintenance. Spilt into two "wings" the Left wing has the second loungeroom and formal dining, this could easily be another bedroom or office if you preferred.
The open plan living room, dining, and kitchen are in the middle of the home. There's a reverse cycle air conditioner and the kitchen has seen some updates in recent years with newer appliances. This area also opens out onto the undercover outdoor dining space. A perfect spot to relax in this tranquil setting, surrounded by established gardens overlooking the golf course.
The right wing has the three main bedrooms, the master is separated and includes an air conditioner, walk through wardrobe and ensuite. The two bedrooms here have built in storage. Main bathroom offers separate bath and shower, separate toilet, a convenient layout. The laundry is located here too, with access outside.
A solid, timeless brick design in keeping with the homes of the area. Manageable gardens and that fairway view of course. Level entry with large garage for two cars and storage, with remote entry door and internal access.
Rent Appraisal: Up To $480 Per Week
House size: 207m2
Land size: 811m2
Built: 1993
Rates: 1,550
Council Zoning: Residential
Council: Meander Valley
Heritage listed: No
**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.
Listing description written by David Hernyk, Harcourts Launceston — reproduced as published, not verified by Districts.
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