OFF MARKET

1/18 Palmerston Avenue
Prospect TAS 7250

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 120m2
Land area: 311m2
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Property Details for 1/18 Palmerston Ave, Prospect

1/18 Palmerston Ave, Prospect is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2012. The property has a land size of 311m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in July 2022.

Building Type
Unit
Year Built
2012
Floor Size
120m2
Land Size
311m2
Local Government
Launceston
Lot/Plan
1/164155

Last Listing description (September 2023)

PROPERTY FEATURES:

- Recently constructed unit
- Master bedroom with walk in robe and en suite

- Second bedroom with built in wardrobe
- Modern kitchen with dishwasher
- Large open Living space
- Luxurious Bathroom with bathtub and separate toilet
- Low maintenance flat block
- Single Garage
- Gas appliances
- Property is unfurnished

ABOUT THE AREA:

This unit is conveniently located with just a short walk to the Olde Tudor shopping complex with access to a supermarket, take away, chemist and medical center. Launceston CBD is a short drive away with many schools nearby.

TERMS OF TENANCY:
Rent: $520 per week
Available: 6th October 2023
Lease Length: 12 month lease preferred
Pet Policy: Pets are not considered
Inspection: Please register upon enquiry Appointments by inspection only
Apply: Online via realestate.com

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Property History for 1/18 Palmerston Ave, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$585,000
15 Jul 2022
Listed for Rent
$520/w
04 Sep 2023
  • 18 Aug 2023
    Listed for Rent $520 / week
  • 12 Aug 2022
    Listed for Rent $520 / week
  • 15 Jul 2022
    Sold for $585,000
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About Prospect 7250

The size of Prospect is approximately 6.6 square kilometres. It has 9 parks covering nearly 19.4% of total area. The population of Prospect in 2011 was 1,438 people. By 2016 the population was 1,710 showing a population growth of 18.9% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 66.7% of the homes in Prospect were owner-occupied compared with 63.7% in 2016.

Prospect has 1,008 properties. Over the last 5 years, Houses in Prospect have seen a 71.68% increase in median value, while Units have seen a 45.97% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $564,311 while the median value for Units is $408,957.
  • Houses have a median rent of $495 while Units have a median rent of $393.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in Prospect.

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