FOR SALE
$849,000.00

4/11 Molecombe Drive
Prospect Vale TAS 7250

Bedrooms: 7
Bathrooms: 4
Car spaces: 6
Floor area: 380m2
Land area: 2269m2
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Convict built 1830, Molecombe Cottage, plus a large separate family home, together on 2,269m2, total quiet, very private, in a prime location.

In my 25 years of selling real estate, I am so proud to present this magnificent and very rare opportunity to an astute buyer, both the cottage and the homes are situated in one of Launceston most prestige suburbs - "Prospect vale". Both homes are on one large single title of 2,269m2 and both back onto the Casino's Golf course, currently undergoing world class re-development.
The home and the cottage are situated at the end of this executive complex of only six other lovely Georgian designed townhouses, all owner occupied, very impressive!
Molecombe Cottage - Convict built in 1830:
This is one of Tasmania's historical treasured landmark property and your opportunity to own your own slice of Tasmanian history! Molecombe cottage and renovated for practicality and comfort, but still retaining all the original features you would expect in this lovely large cottage, there are 4 bedrooms, 2 bathrooms, 2 daikin inverters, open fire places, kitchen, 3 living areas and complete with its own yard and parking.
The main residence adjacent:
Constructed around 2007, and connected by a six meter long glass atrium to the cottage with lockable doors at each end. This modern family home consists of 3 bedrooms - main with ensuite, lovely balcony overlooking the golf course, 2 bathrooms, study, also with its own balcony, which are situated upstairs. Downstairs there are 2 large separate living areas, kitchen and dining, laundry and a separate toilet for convenience. Adjacent and to the right outside there is a 6m x 6m colorbond garage with power and a remote controlled roller door, at the rear there is one huge entertaining deck, complete with bi-folding entry doors to the home, which overlooks this enormous rear yard, again all super quiet and very private. There is also a small babbling brook and a row of trees along the back boundary, located on the golf course title, for extra privacy and peace of mind.
The two homes basically have separate grounds, loads of parking, the complex has total security behind large remote controlled and coded steel entry gates.
For the Investor, this would be a great addition to your portfolio, both the cottage and the home have had long term tenants (currently both on a month to month lease) and the cottage tenants would love to sign a new lease and stay on, if this is your preference, or maybe you could live in one, or even rent both out for a good return.
Please Note: There are no AirBNB's permitted in this complex.
Both the Cottage and the home are on separate, power, water, sewer and council rates.
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Property Details for 4/11 Molecombe Dr, Prospect Vale

4/11 Molecombe Dr, Prospect Vale is a 7 bedroom, 4 bathroom House with 6 parking spaces. The property has a land size of 2269m2 and floor size of 380m2. The place is currently for sale with Roberts Real Estate Launceston.

Building Type
House
Floor Size
380m2
Land Size
2269m2

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About Prospect Vale 7250

The size of Prospect Vale is approximately 10 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016.

Prospect Vale has 2,914 properties. Over the last 5 years, Houses in Prospect Vale have seen a 59.90% increase in median value, while Units have seen a 43.82% increase. As at 30 November 2024:

  • The median value for Houses in Prospect Vale is $641,831 while the median value for Units is $403,898.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 13 properties listed for sale, and no properties listed for rent in Prospect vale on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Prospect vale.

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Peter Haworth
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Roberts Real Estate Launceston
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