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 › Daytona Rise
$330,000
Last sold
17 June 2026
0
Bedrooms
0
Bathrooms
0
Car spaces
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
$330,000
17 June 2026 · derived via latest_sale
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
-55.4%
Median sale
Suburb $740,000
+4.68 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 1,491 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 1,491 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 1,491 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 Harrison Agents LauncestonSet within a quality, emerging pocket of Prospect Vale, this expansive parcel of land presents a rare opportunity to secure space, flexibility and a lifestyle that's becoming increasingly hard to find.
Offering approximately 1,488m², the block provides a generous canvas to design and build a home that truly suits your needs. Whether it's a spacious family residence, room for additional shedding, or simply the freedom that comes with a larger allotment, there's scope here to create something special without compromise.
With partial views stretching out toward the surrounding mountains, there's also a nice sense of outlook to complement the space on offer.
Surrounded by newer homes, the area is quickly establishing itself as a modern and well-regarded neighbourhood, while still offering the breathing room that blocks of this size provide.
Convenience is another standout. You're only moments from the Prospect Vale shopping precinct, a range of local schooling options including St Patrick's College, and everyday amenities, with an easy run into the Launceston CBD.
Blocks of this size, in locations like this, are becoming increasingly difficult to secure, particularly where you have the ability to start fresh and build exactly what you want.
The information on this website has in part been supplied to Harrison Agents Launceston by third parties and all information is published solely for potential purchasers to assist them in deciding whether or not they wish to make further enquiries about the properties. Harrison Agents Launceston has not checked the accuracy of the information and does no more than pass it on.
Listing description written by Michael Dearsley, Harrison Agents Launceston — reproduced as published, not verified by Districts.