OFF MARKET

1/5 Palmerston Avenue
Prospect TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 129m2
Land area: 292m2
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Property Details for 1/5 Palmerston Ave, Prospect

1/5 Palmerston Ave, Prospect is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2013. The property has a land size of 292m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in October 2013.

Building Type
Unit
Year Built
2013
Floor Size
129m2
Land Size
292m2
Local Government
Launceston
Lot/Plan
1/167083

Property History for 1/5 Palmerston Ave, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$315,000
04 Oct 2013
  • 04 Oct 2013
    Sold for $315,000

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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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