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 › Willow Ln
$595,000
Last sold
6 Nov 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
709 m²
Land
109 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
$595,000
6 Nov 2024 · 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
-20.1%
Median sale
Suburb $745,000
+0.94 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
UnknownArea
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 Sims for PropertyNestled in the popular and family-friendly locale of Prospect Vale, 18 Willow Lane offers a beautifully maintained 3-bedroom home, perfectly positioned on a generous 709m² (approx.) parcel of land. The property enjoys a prime location next to the tranquil Willow Lane Reserve, providing a sense of privacy and a serene outlook. This home is a true haven for families, first-time buyers, or investors looking for a quality property with ample space and proximity to key amenities.
Inside, the home boasts a well-designed floorplan that emphasizes comfort and functionality. The kitchen is a standout feature, fitted with quality appliances, ample bench space for meal preparation, and plenty of cupboard storage to cater to your every need. Adjacent to the kitchen, the spacious lounge sits at the front of the home, capturing an abundance of natural light throughout the day, making it the perfect spot to unwind or entertain. Each of the three bedrooms is generously proportioned, featuring built-in robes for convenient storage, and all are serviced by a central bathroom with a separate toilet for added convenience. A large, separate laundry with direct access to the backyard further enhances the practical living spaces of the home.
The outdoor area is equally impressive, featuring a wonderful undercover alfresco space perfect for year-round entertaining. Overlooking the fully fenced rear yard, this outdoor area offers a fantastic space for family gatherings or for children and pets to play in a secure environment. The property includes a double garage for secure parking, and an additional workshop space with a cozy wood heater, ideal for hobbyists or as extra storage.
Parking is never an issue, with plenty of off-street spaces available. The location is unbeatable-within walking distance to St Patrick's College, Prospect High School, and the Prospect Vale Shopping Centre, ensuring all your education and shopping needs are met. Local bus routes are close by, making commuting easy, while multiple walking trails, parks, and recreational areas surround the neighbourhood, offering an active lifestyle. Just a short 7-minute drive to Launceston's CBD, this property provides the perfect blend of suburban tranquillity and urban convenience.
18 Willow Lane is more than just a home-it's a lifestyle opportunity in one of Prospect Vale's most desirable locations. Don't miss the chance to secure this fantastic property!
- 3-bedroom home in Prospect Vale;
- Quality kitchen with ample storage;
- Central bathroom and separate toilet;
- Alfresco area, fully fenced yard;
- Double garage, workshop with wood heater.
Year Built: 1986
House Size: 109sqm
Land Size: 709sqm
Council Rates: $1,456pa approx
Water Rates: $1,128pa approx
Municipality: Meander Valley Council
School Catchments: Summerdale Primary & Prospect High School
Zoning: General Residential
Sims for Property 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.
Listing description written by Richard Sims, Sims for Property — reproduced as published, not verified by Districts.
Nearby 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.