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 › Virginia Grove
$562,000
Last sold
17 Oct 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
649 m²
Land
150 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
$562,000
17 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Prospect Vale (last 5 years) with land size have a median of $852/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
-24.6%
Median sale
Suburb $745,000
+1.22 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
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.
Area
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 Harcourts LauncestonWelcome to your dream home in Prospect Vale, Tasmania! This well-kept 3 to 4 bedroom residence offers a perfect comfortable living, situated in a quiet and family-friendly neighbourhood. 4 beds or 3 beds, two living spaces, it's a flexible layout.
The spacious open floor plan creates an inviting atmosphere, perfect for both entertaining guests and enjoying quality family time. The large living area is bathed in natural light, creating a warm and welcoming ambiance. Modern appliances in the well-appointed kitchen, equipped with ample storage space, this kitchen is a great size for the family cook.
You'll benefit from having the bathroom and an ensuite, ensuring privacy and convenience for the whole family. No more waiting in line for your turn! The bedrooms are generously sized, providing comfort and space for everyone. Beat the heat or stay cozy all year round with two modern reverse cycle air conditioners and ducted air transfer system, keeping you comfortable in every season. No matter the weather outside, you can always enjoy a perfect temperature indoors.
For those with multiple vehicles or in need of extra storage space, the double garage has you covered. It offers plenty of room for your cars, tools, and outdoor gear.
Prospect Vale boasts an excellent selection of local schools, providing a top-tier education for your children. When it comes to amenities, this suburb has it all. Enjoy the convenience of nearby shops, services, and leisure activities and sporting clubs of all sorts. Take a leisurely stroll to the local park, perfect for picnics and outdoor play.
For owners that are seeking retail therapy or in need of everyday essentials, the suburb offers a variety of shops and services, ensuring your needs are met within a short distance from home. From grocery stores to specialty boutiques, you'll find everything you need right at your doorstep.
Don't miss this incredible opportunity to make this house your new home. With its ideal location, modern amenities, and family-friendly neighbourhood, it's everything you've been searching for. Schedule a viewing today and prepare to fall in love with this Prospect Vale gem!
Rent: $480 Per Week
Lease End: 14/12/2023
House size: 150m2
Land size: 649m2
Built: 1990
Rates: $1,524 p.a
Council Zoning: Residential
Council: MEANDER VALLEY
Heritage listed: No
**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 David Hernyk, Harcourts Launceston — reproduced as published, not verified by Districts.