3/10 Pitcher Parade, Prospect Vale TAS 7250

3/10 Pitcher Parade, Prospect Vale TAS 7250
1987 unit | 2 bed, 1 bath | Blackwood kitchen | low-maintenance complex | Summerdale Primary zone This unit presents a competitively priced, low-maintenance entry into the Prospect Vale market, distinctly positioned against larger, higher-priced houses in the suburb. Its rare Blackwood kitchen and neat, tidy condition signal a quality build for its era, serving first-home buyers or investors seeking a straightforward, tenanted property with reliable fibre internet. The separate laundry and internal garage access reinforce its practical, family-suitable layout within a known school catchment. Decision hinges on accepting the inherent limitations of a smaller unit in a suburb of houses, with the bushfire overlay a specific risk requiring insurance cost assessment. The yield aligns with market expectations, offering stable but unexceptional income. Acquire as a long-term hold for reliable occupancy, not capital growth; its value is in providing affordable housing in a convenient location, not competing with premium detached stock.

Independent, Unbiased Research from  our PropCred Analyst team 

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.

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

172m²

Built

Recent Assessments