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
$245,000
Last sold
20 July 2025
0
Bedrooms
0
Bathrooms
0
Car spaces
719 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$245,000
20 July 2025 · derived via latest_sale
Local land rate: recorded Land sales in Prospect Vale (last 5 years) with land size have a median of $383/m² of land (n=3). 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
-66.9%
Median sale
Suburb $740,000
+7.61 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 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. 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.
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.
Nearby
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 LauncestonPositioned at the end of a quiet cul-de-sac in a highly desirable suburb, this impressive 719sqm block of land offers a rare opportunity to build your dream home in a premium location.
Perched on the elevated side of the street, the block takes full advantage of its position, showcasing beautiful north easterly views that promise stunning sunrises and an abundance of natural light.
Located in a newly developed area, this property is set to become part of an emerging community, surrounded by stylish, high quality homes. The block's generous size and prime orientation provide a blank canvas for your architectural ambitions, whether you envision a modern family retreat, a contemporary masterpiece or something uniquely yours. This setting ensures privacy and minimal traffic, making it ideal for families or anyone seeking a serene lifestyle.
The location itself is second to none, combining tranquility with unbeatable convenience. Just a short stroll away, you'll find the Prospect Park, a perfect spot for outdoor activities, family picnics or leisurely walks. Families will appreciate the proximity to reputable primary and high schools, while everyday essentials are just minutes away at the Prospect Market Place or Old Tudor Complex. Golf enthusiasts will love having the renowned Country Club golf course nearby, offering world class facilities and entertainment.
Both the Launceston CBD and Launceston Airport are just a 10 minute drive, providing effortless access for work, shopping, dining and travel. Whether commuting to the city or heading out for a weekend adventure, the central location ensures you're never far from where you need to be.
This exceptional block offers a harmonious blend of space, views, and convenience, making it the ideal foundation for a future filled with comfort, style, and connection. Seize the chance to secure your place in this vibrant new community and create a home perfectly tailored to your lifestyle.
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 Josh Schaeche, Harrison Agents Launceston — reproduced as published, not verified by Districts.