Prospect at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
TAS › Prospect › Westbury Rd
$430,000
Last sold
5 May 2025
2
Bedrooms
1
Bathrooms
5
Car spaces
668 m²
Land
92 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
$430,000
5 May 2025 · derived via latest_sale
Local land rate: recorded House sales in Prospect (last 5 years) with land size have a median of $842/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Prospect at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Prospect
-34.6%
Median sale
Suburb $657,000
+2.22 pp
Gross yield
Suburb 4.20%
Suburb median $657,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Launceston Local Provisions Schedule
Zone
Utilities
120.26
Jurisdiction
Launceston
Launceston, 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 Utilities · 120.26 (Launceston Local Provisions Schedule). Official parcel area about 673 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 $531/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 Utilities · 120.26 (Launceston Local Provisions Schedule). Official parcel area about 673 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 673 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 at a glance
2,016
People
$657,000
Median sale
$531/wk
Median rent
4.20%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts LauncestonBrimming with potential, this original circa 1950 two-bedroom home offers the perfect canvas for renovators ready to make their mark. Held by the same family for 44 years, it's full of character and waiting for a fresh vision. Positioned directly opposite the Olde Tudor Shopping Centre, convenience is just across the road. The layout includes a serviceable open plan kitchen and dining area, a separate lounge, a sunroom capturing northern light and two bedrooms with built-in storage. Reverse cycle air conditioning adds year-round comfort.
Outside you'll find a lock-up garage, off-street parking, space for a caravan, plus a garden shed and workshop on a manageable 668 sqm block. Surrounded by eateries, a chemist, doctors and the IGA supermarket and just minutes to the Prospect shopping area and only 11 minutes to Launceston's CBD. A rare opportunity to renovate, update and add serious value in a sought-after location.
Key Features:
• An original circa 1950 two-bedroom home
• Lovingly held by the same family for 44 years
• Situated opposite the Olde Tudor Shopping Centre for an array of services
• The perfect opportunity for first home buyers or renovators
• Serviceable open plan kitchen and dining
• Separate lounge plus sunroom on the northern side
• Two bedrooms (both with built-in storage)
• Reverse cycle air conditioning
• Plenty of off-street parking, garden shed
• Lock-up garage, off street parking, space for caravan
• Situated on a manageable 668 sqm block, garden shed/workshop
• Across the road from a variety of eateries, chemist, doctors and the IGA supermarket
• Close to Prospect shopping area
• Only 11 minutes' drive to Launceston's CBD
Contact Jeremy Wilkinson for further information.
Rental estimate: Up to 410 pw
House size: 92 sqm
Garage size: sqm
Land size: 688 sqm
Built: 1950
Council: Launceston
Zoning: General Residential
Council Rates: $TBA pa
**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 Jeremy Wilkinson, Harcourts Launceston — reproduced as published, not verified by Districts.