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 › Cheltenham Way
4
Bedrooms
3
Bathrooms
4
Car spaces
824 m²
Land
336 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Prospect Vale (last 5 years) with land size have a median of $864/m² of land (n=73). 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.
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
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 Harcourts LauncestonNestled in sought-after Prospect Vale, this spacious 336 sqm residence offers ample space for every member of your family to thrive. Boasting a large 8KW solar power system, now is the perfect time to enjoy significant savings on your energy bills. Situated on a generous corner block, this home features a fantastic sunroom, ideal for year-round enjoyment, along with multiple living spaces including an enormous family room and second lounge.
With a clever floor plan offering 3 ensuites and a total of 3 bathrooms, convenience and comfort are at the forefront. Retreat to the main bedroom, complete with a huge walk-in wardrobe and spacious ensuite. Accommodating four double bedrooms across two levels, this home caters to your every need. Stay comfortable year-round with reverse cycle air conditioning, while the established gardens and raised vegetable beds add a touch of serenity to your outdoor space.
Conveniently located near the Country Club Casino, golf club, supermarkets, schools and shops at Prospect Vale Marketplace, enjoy easy access to all amenities. Plus, with just a 10-minute drive to Launceston's CBD or 11 minutes to the airport, your daily commute has never been easier. Don't miss out on the opportunity to call this your forever home!
Key Features:
• Spacious 336 sqm home - enough room for any family to enjoy
• Large 8KW solar power system with inverter - a great time to save on those power bills
• Located in sought after Prospect Vale, situated amongst quality homes
• Positioned on a large corner block
• Fantastic sunroom - large enough to serve as a third living space all year round
• Choice of living spaces include an enormous family room plus a second lounge room
• A clever floor plan provides 3 ensuites with a 2-way bathroom & 3 bathrooms in total
• Main bedroom offers a huge walk-in wardrobe and ensuite with bath, separate shower & bidet
• Four double bedrooms in total- 2 on each level
• Reverse cycle air conditioning - 2 units
• Established gardens including raised vegetable gardens
• Double remote-controlled garage with internal access and off-street parking
• Private and secure yard - perfect for kids & pets
• Close to Country Club Casino and golf club
• Close to supermarkets, schools & shops at Prospect Vale Marketplace
• Just a 10-minute drive to Launceston's CBD or 11 minutes to Launceston Airport
Contact Jeremy Wilkinson or Nav Kaur for your inspection.
Rental estimate: Up to $600 pw
House size: 282 sqm
Land size: 824 sqm
Built: 1996
Council: Meander Valley
Council Zoning: General Residential
**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.