13 Montpelier Drive, Prospect Vale TAS 7250
13 Montpelier Drive, Prospect Vale TAS 7250
Modern detached house | Four-bed family layout | Double garage | Medium block | Developing street
The property is presented as a modern detached house within an actively developing residential area. The four-bedroom configuration is well-suited to families, with open-plan living and contemporary finishes including double-glazed windows and ducted climate control. The medium-sized block offers manageable outdoor space. The house is expected to serve buyers seeking a low-maintenance, turnkey family home. Its position provides reasonable access to local services and the Launceston CBD. The building quality and layout are considered competitive within the local market, appealing to those who prefer new construction over established stock.
The value may be influenced by the stage of subdivision development, as ongoing construction could affect the streetscape. The absence of mature landscaping might reduce visual appeal. The price might be shaped by finish quality and floorplan efficiency. Buyers should weigh the benefits of a new build against infrastructure completion timelines.
>> Comparable Sales: 3 Montpelier Drive $760k to $780k; 7 Montpelier Drive $820k | Property Price Band: $700k to $800k | Value Drivers: Build quality, block size, modern layout
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Montpelier Drive, Prospect Vale TAS 7250
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Prospect Vale, in Tasmania’s 7250, is a mature, family-oriented suburb where middle-aged homeowners and professionals dominate demand. Houses sell quickly, averaging 24-26 days on market, with prices ranging from $621,840 to $720,000 and annual growth of 7.85-10.3%. Tight supply-just four listings last month-supports pricing, while 69-71 annual sales and a 7.22% population increase since 2016 underpin activity. Unit demand is thinner, with a recent $560,000 sale. Future growth hinges on infrastructure like the Vista Country Club Estate and local road connectivity, but affordability constraints and limited rental stock (nine properties) could temper momentum. Sensitivity to rates remains a risk given the wide price spread.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
574m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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