3/1 Vale Street, Prospect Vale TAS 7250
3/1 Vale Street, Prospect Vale TAS 7250
Two-bedroom two-bathroom third-floor apartment in a modern complex (circa 2018-2020). 107 square metres internal, four car spaces, 1415 square metre shared lot. Rare configuration for the suburb, generous space and parking above typical stock. Quiet location near Launceston with recent build quality.
A competitive position is achieved through this apartment’s unusual provision of four car spaces and two bathrooms within a two-bedroom format, a feature that is rare in the local market. A fresher alternative to older housing stock is offered by its modern construction, likely dating from 2018-2020. Buyers who value space and convenience are best served by this property, such as professionals wanting a low-maintenance base near Launceston or investors targeting a demographic that prioritises parking and modern finishes. The quiet residential character of the area adds to its appeal as a practical choice for those seeking a balance between suburban calm and city proximity.
The shared lot arrangement may reduce private outdoor space, a factor that could influence buyer interest. The pricing, while reflective of the quality and configuration, might be considered high relative to simpler apartments in the area, potentially narrowing the purchasing audience. Market trends for this type of unit should be reviewed carefully to ensure alignment with expected future demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1 Vale Street, Prospect Vale TAS 7250
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Prospect Vale presents as a stable, mature suburb with a strong owner-occupier presence, evidenced by its established demographic profile. Demand is driven by professionals and families, supported by consistent population growth and solid sales activity. The housing market has demonstrated robust capital appreciation, with current conditions characterised by competitive selling periods. Future growth is underpinned by ongoing demographic expansion, though limited immediate listings suggest a constrained supply environment that warrants attention.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
4
Land
325m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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